Although a lower interest rate can help you save money through the life of your home loan, the rate you obtain is based on certain factors. Some of these circumstances are within your control and others are not. One of the greatest elements within your control is creditworthiness and the reduction of risk to the […]
How Can Realtors Use Creative Lending to Grow Their Business?
As the market changes, how can Realtors use creative lending to grow their business? Winston Churchill once reportedly stated, “Never let a good crisis go to waste.” These words have never been more important than in today’s real estate market. As all highly successful realtors know, great challenges can present amazing opportunities. As the market […]
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 […]
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) […]