Assumable loans are a fairly simple concept: the new owner of the property, instead of taking out a new mortgage, simply “assumes” responsibility for the existing mortgage. They get the same interest rate, repayment period, loan balance, and all...
If you can’t find the right home, sometimes you just have to make it. Fortunately, there are construction loans that make building your own house more affordable and more convenient!
General Construction Loan Requirements for 2021
Although the specifics may change...
If you don’t have a Social Security number, it might seem that getting a home loan could be next to impossible. You may be a perfectly legal resident of the United States, but without a Social Security number, many...
COVID-19 has had a major impact on numerous industries. The real estate and mortgage industry, by comparison to many others, has fared quite well. To be certain, there are people still struggling to make payments and many families are...
Mortgages could be changing in the near future, and these changes could impact how homeowners buy and sell their properties.
While making accurate predictions about future mortgages is extremely difficult (and often unreliable), we’ll look at current factors to...
The “due-on-sale” clause is an important part of many mortgage contracts. While it’s often ignored, it can impact how you buy and sell your next home.
There is a little-known clause in almost all mortgages. It’s a clause that...
Needs vs. Wants. It’s an important consideration when purchasing a home. This article will help you decide what you need in a home, and which aspects can be negotiable.
Buying a home can be tough. There are decisions for mortgage...
There is a myth that your investment-property downpayment must be 25%. But as we’ll show in this article, there are options for 15% down. We’ll also show how this seemingly-small difference can have a massive impact on your total...
For most mortgages, the income is the most important aspect of qualification and approval. The lender wants as much assurance as possible that your income reaches a certain level and that this income is likely to be maintained. Seems...
While they share similarities, there are clear differences between buying a second home and purchasing an investment property.
A second home is simply an additional property that you can use as needed; either for enjoyment, family purposes, or professional...
