Who Qualifies For A Reverse Mortgage?
A reverse mortgage is a loan for homeowners over 62 years of age who have substantial equity in their homes. With this loan, they can borrow against their equity and get access to cash to pay for any cost-of-living expenses they may have. Rates typically start at less than 3.5% per year, and the loan […]
Which One Is Better? An FHA Or Conventional Loan?
Dreaming about your first home purchase but still be undecided on whether to choose an FHA loan or conventional loan? While both are popular choices for those looking for a low down payment, some differences may make one loan a better option than the other. This article will give you an idea of how they […]
What is DTI and How It Affects Your Mortgage Application
Ever wonder why it’s essential to keep your debt in check when applying for a mortgage or what debt matters to your approval? This article will help you answer these fundamental questions so that you’re in a great position to get approved for a home loan. All About Debt-To-Income Ratio (DTI) Your debt-to-income ratio (DTI) […]
What Does It Mean To Cosign On A Mortgage?
Have you been asked to cosign by someone looking to get a home loan approval? You may be wondering why they would ask or how this affects you. This article will help you to understand both of these points. Why Were You Asked To Cosign? These are the top reasons that home loan applicants seek […]
Thinking About Refinancing Your Investment Property? Read This
If you own an investment property, you already know that getting a mortgage for this type of property is different than a refi of a primary home. If you recall, the qualifying requirements for getting an investment load are more stringent than a primary home loan. Let’s take a look at everything you need to […]
The Top 4 Reasons to Buy a Multi-Unit Property
Multi-unit investing involves buying properties like apartment complexes, duplexes, condo buildings, or other properties that offer multiple spaces for renting to tenants. They offer great opportunities for building your personal wealth without the day-to-day demands of running a business. If you’ve been curious about multi-unit property investing, this article is for you! In it, we’ll […]
Should I Buy a Move-In Ready Home or Fixer-Upper?
Owning a home is still a major part of the American dream. According to a recent survey done by The Harris Poll in 2020, a third of Americans who have never owned a home plan to do so in five years. If you’re a first-time homebuyer, one of the questions you may have is whether […]
Is Title Insurance Necessary for a Home Purchase?
A home purchase is one of the biggest investments you can make so adding a layer of protection against property ownership issues makes sense. That’s where title insurance comes in. As a quick refresher, a “title” serves as proof that you are the owner with rights to the property. Read along to find out how […]
Is Buying a Foreclosure Smart for a First-Time Buyer?
If you are looking to buy a home but are worried that you can’t afford monthly payments, why not consider a foreclosure as your first home? A foreclosed home is usually owned by a bank or lender and sold at prices way below its market value. Who knows, you may just hit the jackpot by […]
Is A No-Closing-Cost Refinance The Best Option For You?
If you are thinking about refinancing your mortgage but lack the closing costs funds, then a no-closing-cost refinance may be the loan option you need to get it done. Read on to learn more about what a no-cost refinance is and how you can qualify for one. What Happens In A No-Closing-Cost Refinance? Simply put, […]
