Dive into our comprehensive collection of articles that cover a wide range of subjects. Whether you’re a novice or an expert, there’s something new to learn.
For many homeowners with FHA loans, Private Mortgage Insurance (PMI) can feel like an unnecessary burden—an extra monthly cost that doesn’t directly contribute to paying off the mortgage. While PMI helps protect lenders, it can weigh heavily on homeowners’ budgets over time. How do you get rid of PMI on an FHA loan? We published… Read More »
Your FICO score plays a pivotal role in securing favorable mortgage terms. A higher score can unlock better interest rates and save you thousands over the life of your loan. But what if your score isn’t where it needs to be? How quickly can you boost it to qualify for a mortgage? Fortunately, there are… Read More »
In the mortgage world, there are many types of home loans, each created to meet different financial needs and situations. Some homeowners may be familiar with traditional fixed-rate or adjustable-rate home loans, but fewer have encountered the open-end mortgage or credit line which are financing options that offers a unique blend of flexibility and security.… Read More »
In the intricate world of real estate, mortgages typically follow a straightforward path: a borrower secures a loan to purchase a home, makes payments, and eventually, the loan is either paid off or the property is sold. But like many things in life, real estate is not always so simple. Sometimes, mortgages can take an… Read More »
The rise of Airbnb and other short-term rental platforms has transformed how homeowners think about their properties. A house is no longer just a home; it’s also a potential income-generating asset. But if you have a mortgage, you might wonder: Can I Airbnb my house legally and without jeopardizing my mortgage? The answer isn’t a… Read More »
For the first time Freddie Mac announced a new proposal to purchase second mortgage liens on the secondary market, which increases the trust factor for banks and mortgage lenders to roll out new home equity loan programs in 2025. Freddie Mac’s second mortgage proposal is a strategic initiative aimed at expanding homeownership opportunities, particularly for… Read More »
Many people who want to get a mortgage may not know they can use rental income to sometimes qualify for the loan. This can apply to a property you currently own and rent as well as a property you are planning to buy and rent. Below is more information about how VRBO rental income works… Read More »
Buying a home with a no doc loan with no income verification from the best no doc mortgage lenders can be challenging. Learn how to buy a house with a no doc mortgage from trusted non QM lenders. The housing market was hot in the early and mid-2000’s, as most of us remember. That was… Read More »
Many potential homebuyers are concerned in 2024 about interest rates and paying mortgage points. With 30-year mortgage rates well over 6%, buying and affording a home is more challenging than in the recent past. That is one reason that many people are thinking about paying mortgage points on a mortgage, which is one way to… Read More »
Sometimes, getting approved for a refinance mortgage after a divorce can be challenging if you don’t connect with the right lenders or banks. No one gets married expecting divorce, but it happens often in today’s America. Not only is a divorce usually emotionally difficult. There also are many financial concerns that are difficult to deal… Read More »
