If you are purchasing a new home, but can’t afford to carry two mortgages as you sell your existing property, bridge loans could provide the perfect solution.
Bridge Loans: Spanning the Financial Gap from Old Home to New
Sometimes called…
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 obvious, right? …
Recently, we wrote an article about how to build equity in your home . We discussed topics like making larger mortgage payments, funneling extra income (bonuses, gift cash, etc) into the mortgage, and even waiting for time to simply increase the value…
To build equity in your home, you can use these easy steps.
“Equity” is simply the percentage of the property you own compared to the percentage you still owe on the mortgage. It takes into account a few different factors, but most importantly…
Holding income-generating property is a great for your longterm wealth. But how can you turn existing equity into cash flow? This article provides a few ideas.
Consider this surprisingly common situation: someone owns millions of dollars in real estate properties but has literally…
When you are searching for a home loan, you have many options. You can choose a fixed-rate loan or an adjustable-rate mortgage. You can go with a conventional loan, or use an FHA loan.
One of the most important decisions…
In a previous article, we discussed the various strategies we can use to establish your income . We feel this is an important topic, and we’d like to revisit the subject by discussing the different people who may benefit from these strategies.…
FHA cash-out refinancing is a wonderful option for many consumers across the country. However, if you want to use this program to take advantage of the equity in your home, you need to act fast. The program is changing, and as of…
No-income investment property loans are a wonderful tool for numerous investors across the country. They allow investors under specific circumstances to qualify for loans with greater efficiency and convenience, and allow people to enhance their portfolio, even if they already own multiple…
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. With…
Homeownership.
It’s the American dream, the symbol of stability, security, and prosperity. It’s one of the staples of living a financially-secure life, and one of the pillars that supports the American economy.
While people may disagree on the ways…