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 […]
Having Trouble Qualifying for a Mortgage? – Consider A Non-QM Loan
Desirable real estate opportunities typically don’t remain available for long in today’s hot real estate market. Yet many potential homeowners and prospective real estate investors are finding that they aren’t entirely qualified for the standard, traditional mortgage formulas due to factors such as income, credit, or other requirements. Nevertheless, under many circumstances, a non-QM mortgage […]
How the Recent Federal Reserve Meeting Could Impact New Mortgage Rates
Although it may be a widely-held misconception that the Federal Reserve sets consumer mortgage rates, it can, in fact, have a significant effect on them. During the COVID pandemic, the Fed bought billions of dollars of consumer mortgages to help keep rates extremely low and thereby encourage spending. Typically, the Federal Open Market Committee (FOMC) […]