Can you refinance a rental or investment property that you don’t live in?
If you own investment property, your aim is likely to make a profit, right? Or, at least, not to lose money each month whether you rent your property on a monthly basis or have a seasonal vacation rental. One of the best ways to decrease your monthly mortgage on your investment property and...
2016: The Year to Buy! How to Get Yourself Ready to Become a Home Owner
Some of the most popular New Year’s resolutions are financial promises and plans for the coming year. Is buying a home or financially preparing yourself to buy a home on your radar for 2016? If so, the best way to ensure that you reach that goal is to be proactive and start working...
The Fed's New Rate Increase - What Does it Mean for Homebuyers?
This month the federal government, via the Federal Reserve, increased its benchmark interest rate for the first time in nearly a decade. After years of historically low mortgage loan interest rates, what does this rate increase mean for future homebuyers? The good news is that this...
3 Ways to Pay Off Your Mortgage Early
Many mortgage lenders offer flexible repayment terms not seen in the past, including 10, 15 and 20 year repayment options in addition to the traditional 30 year mortgage loan. With mortgage loan interest rates at near historic lows, paying off your loan early doesn’t have the...
Top 3 Tax Tips and Hints for First Time Homebuyers
There are many advantages to owning your own home, and one of the rewards that homeowners typically enjoy comes at a normally stressful time of the year: tax season, in the form of a lowered tax bill thanks to deductions you are able to take on your home!
If you’re a first time...
What is a Conventional Mortgage Loan?
When you look into the types of mortgage loans available on the market, you have either loans that are insured (or, backed) by the federal government, or those offered by private mortgage lenders such as banks, credit unions or other lending institutions.
Loan options that are...
Jumbo Loans with Less than 20% Down
Jumbo loans, or nonconforming mortgages loan, most often require at least 20% down, as they pose more risk to the lender. While you can likely find a lender who will extend you a conventional mortgage with less than 20% down, especially if you qualify for a VA or FHA loan, jumbo loans with...
What's the Best Option: Fixed Rate Mortgage or ARM?
If you’ve never shopped for a mortgage before, you might find the information and options overwhelming. You’ve got conventional fixed rate mortgages for various terms, government-backed or guaranteed mortgages like FHA, VA and USDA loans and adjustable rate...
How to Boost Your 401(k) With a Cash-out Refinance
You know you need to think about, and plan for, retirement, but one possible source of retirement income that many people overlook is the cash equity you’ve built in your home. When the market drops, many of us worry about our 401(k) balances, while many experts tell us that...
Will I Be Able to Obtain a Mortgage After a Bankruptcy?
People file for bankruptcy every day, many for reasons outside of their control such as extended unemployment, divorce or unexpected medical debt. Bankruptcy can be a stressful, demoralizing time, and many people who file for bankruptcy worry that they will be unable to keep their...