One of the biggest difficulties for first-time buyers is saving enough money for a down payment and closing costs. In this article we will look at the option to get the down payment assistance you need to buy your first home. A down payment is the initial partial payment you make upfront when you purchase […]
First-Time Homebuyers Can Increase Their Buying Power and Build Equity Fast
Owning a home provides not only a roof over your head, but is one of the most proven and straightforward paths to building wealth. This wealth is generally built over time as a long-term investment and is measured by the amount of equity you build. In fact, your home will usually be one of the […]
The Benefits of DSCR Loans for Rental Property Investors
Investing in rental property can be an excellent strategy for investors to generate income, whether from a second home, Airbnb property, or small multi-family housing unit. Investing in rental properties are also scalable investments, allowing rental income to multiply by investing in a greater number of properties. In fact, residential rental properties are is often […]
The Differences between Pre-qualified and Pre-approved
While the terms pre-qualified and pre-approved are often heard interchangeably in the discussion of homebuying, they each have their own distinct meaning. In this blog we will look at the the differences between pre-qualified and pre-approved. Pre-qualification for a mortgage is an unofficial evaluation of creditworthiness, an indicator of meeting minimal requirements, and a guideline […]
Tips on Becoming Debt Free When You Own a Home
At some point in their lives, many people experience financial difficulties and have trouble paying their bills. If you’re facing stressful debt, the first step toward becoming debt free is to face your problems and identify ways of reducing your outstanding obligations that work for you. Getting rid of debt can be hard work, but […]
The Unique Opportunities and Advantages of a VA Mortgage
The U.S. Department of Veterans Affairs (VA) helps Servicemembers including Reserve and National Guard members, Veterans, and their eligible surviving spouses to become homeowners by providing a home loan guaranty benefit. Although the VA does not lend money, it does guarantee a portion of the mortgage allowing private lenders, such as banks and mortgage companies […]
How to Compare Offers from Different Mortgage Lenders
Individual mortgage lenders may offer a variety of different loan rates, terms, and qualifications, which can make shopping for a mortgage seem confusing, stressful and time-consuming without expert help. The type of loan you obtain can affect not only the affordability of the monthly payment, but often how quickly you build equity in your property […]
Selecting the Right Mortgage Professional to Work for Your Best Interests
Buying real estate can be intimidating, and as a borrower, it can be difficult to know all the details and options about mortgages including the availability of different lending products, rules and regulations, and the qualifications and documentation required for obtaining a loan. Therefore, it is beneficial for many buyers to find a mortgage professional […]
Are You New to Investing in Real Estate?
Seasoned investors continue to take notice of real estate, and more new, potential investors are paying attention. In fact, real estate investment is a long-established method for hedging against inflation, diversifying your portfolio and creating multi-generation wealth. Investing in real estate can also offer a number of important tax advantages. When you are considering a […]
Fannie Mae & Freddie Mac Mortgage Loans FAQs
There are two large companies that guarantee most of the mortgages in the U.S. They are the Federal National Mortgage Association (FNMA) known as Fannie Mae, and the Federal Home Loan Mortgage Corporation (FHLMC) or Freddie Mac. In 2008, following the most serious financial crisis since the Great Depression, the U.S. government took over operations […]