YOUR FIRST HOME LOAN: 7 TIPS FOR SUCCESS
SHOULD I APPLY FOR A MORTGAGE WITH BAD CREDIT?
PRE-QUALIFIED VS. PRE-APPROVED: WHAT’S THE KEY?
MORTGAGES FOR MILLENNIALS- YOUNG BUYERS FINALLY SAYING YOLO!
MORTGAGE TYPES: WHICH IS BEST FOR YOU?
SAVING TO BUY A HOME WITH AN IDA
What’s an IDA? IDA stands for the Individual Development Account and is an excellent way for first time buyers to save up funds to buy a home. IDA funds can be used for a down payment and closing costs but are also available to save for college or trade school or even to start a business however saving for a first home is one of the most popular op .....POSTED ON October 5, 2017
REFINANCE OPTIONS WITH A LOW CREDIT SCORE
Those who haven’t refinanced to a lower rate or to switch from an adjustable rate loan to a fixed rate product, there’s still time. But what about those that have damaged credit? Are there loan programs that allow for a refinance with low scores?First, exactly what is a “low” score. Credit scores are three digit numbers that range anywhere from 300 .....POSTED ON October 5, 2017
Real Estate Investing Using the Equity in Your Home
Experienced real estate investors know the advantage of using existing equity in a home is better than pulling out cash from a savings account in most instances. Remember that when making a down payment on a rental property, while that down payment is your initial equity in the property it’s not all that liquid. Draining money from a savings or che .....POSTED ON October 5, 2017
HOW TO QUALIFY AND USE CONVENTIONAL CASH-OUT PAYOUTS?
When homeowners decide it’s time to refinance, whether to get a lower rate, adjust the term or switch from an adjustable rate mortgage to a fixed rate loan, they also have the option of pulling out equity in the form of cash. This is called by the industry a “cash out” refinance. In addition to refinancing the loan and rolling the associated closin .....POSTED ON October 5, 2017
HOW MUCH SHOULD A FIRST TIME BUYER BORROW?
This is a question that should be addressed more often than it is because it’s an important one. A mortgage is a financial commitment and one that buyers will be taking on for quite some time so the proper loan amount and loan terms is very important. Let’s look at how lenders determine how much a first timer should borrow and then get a perspectiv .....POSTED ON October 5, 2017