5 Things to Know About Reverse Mortgages Before You Apply
Before applying for a reverse mortgage, learn these five key things. Make sure you understand the requirements and tradeoffs involved.
Considering a Reverse Mortgage? This is How Much Your Home Should Be Worth
Wondering what home value is needed to qualify for a reverse mortgage? Learn about minimum requirements, maximum payouts, age rules, and more.
How Much Equity Do You Need for a Reverse Mortgage?
The answer to how much equity you need for a reverse mortgage depends on multiple factors, such as the borrower’s age and the value of the home.
The Impact of Interest Rates on Investment Property Financing
Interest rates directly impact investment property financing. Read how to boost the success of your investments in the current rate environment.
Steps for Financing Vacation Rental Properties: What You Need to Know
Investing in vacation rental properties can be exciting, offering the potential for both financial gains and personal enjoyment.
What Happens if You Inherit a House with a Reverse Mortgage?
Let Compass Mortgage teach you the basics of a reverse mortgage, challenges, considerations, and how to find mortgage professionals.
What is the 60% Rule for Reverse Mortgages?
Reverse mortgages can be complex and involve intricate considerations, such as the 60% rule. But once understood, they can be a valuable tool for retirees and seniors on limited income. Compass Mortgage is a reputable financial institution renowned for its unwavering commitment to delivering personalized and expert guidance. That’s why we offer a tailored approach […]
Tax Implications of Investment Property Loans: What Investors Need to Know
Real estate investing has numerous tax benefits, including the option to deduct certain expenses. In this article, we’ll explore the tax implications of investment property loans to help investors navigate tax season with ease. What is an investment property loan? Investment property loans are used to finance the purchase or improvement of a property with […]
Rising Trends in Investment Property Financing: What to Watch for in 2024
2024 is poised to be an exciting year for real estate investors. Mortgage interest rates and home prices are expected to remain elevated, offering astute investors growth opportunities. Additionally, experienced mortgage lenders like Compass Mortgage are working to meet investors with creative property financing solutions. In this article, we will discuss the rising trends in […]
Navigating Investment Property Loans for Beginners: A Step-by-Step Guide
Navigating the world of real estate investing can be daunting, especially for beginners. If you’re a new investor looking for financing, investment property loans are what you’re looking for. An investment property loan is a loan product designed specifically for individuals looking to purchase real estate to generate rental income or capital appreciation. Investing in […]