If you need a large amount of money in a short period of time, you may consider cash-out refinancing. This borrowing option allows you to turn home equity into usable cash, and while it may not be the right...
Want to better understand mortgages? Then you need to understand the essential terms. Using this mortgage glossary, you’ll have a better understanding of real estate and the mortgage industry.
This is Part 2 in our mortgage glossary series. Read Mortgage...
Mortgages can be complicated, with lots of confusing terms and acronyms that seem like they come from another language.
But you don’t need to be a real estate agent or a lending professional to speak the language of mortgages....
Intended to make refinancing of FHA loans more convenient and efficient, FHA Streamline refinancing is one of the most beneficial options for homeowners. This is a faster, easier way to get the loan you need, all with less paperwork,...
Choosing a loan can be difficult. With so many programs and options, knowing which one is right for your needs is confusing, overwhelming you to the point of frustration. But there is a right loan for you.
While every person...
Right around mid-December of last year (2017), we wrote about the Federal Reserve raising the benchmark federal rate from 1.25% to 1.5%. This increase was in response to a growing economy and the then-upcoming tax changes, which were passed...
When qualifying for a loan, it helps to use as much of your income as possible. If you’re retired, this creates challenges, as you likely receive limited incomes from multiple sources, such as a 401(k), IRA, or mutual fund...
There are many myths in real estate.
For example, some people think you need a 20% down payment. Others assume you must be completely debt-free to qualify for a mortgage. Some even assume you must have flawless credit.
While...
Trying to come up with a home budget is extremely difficult, and it can leave many upcoming buyers frustrated and confused. How much is too much? Is there a bottom-level that we should be aiming for? What is the...
If you rent a room to a tenant, you may be able to use their monthly rent checks as qualification for your next home loan. Assuming you can demonstrate that they have lived with you in the past and...
