Learning More About Construction Mortgage Loans

learning more about construction mortgage loans

In today’s competitive housing market, it can be a challenge to find the right home for you. Sometimes even when you find the right home, you don’t land the winning bid to secure the purchase. While the housing market is tight, so are building materials to start new homes. Despite this supply chain challenge, many […]

Receiving a Home Equity Loan with Bad Credit

receiving a home equity loan with bad credit

If you have bad credit and you want to get a home equity loan, you will most likely need to have a certain amount of equity in your home, a low DTI and a healthy income. Otherwise, financial institutions might simply turn you away. It isn’t impossible to qualify for a home equity loan if […]

Should You Invest in New Property?

should you invest in new property

Real estate investing can make you wealthy. Each new property increases your net worth and cash flow. You can amass multiple properties with leverage. As long as rental cash flow covers the mortgage and other costs, you can continue expanding. However, buying a new property comes with risks. Not every property immediately breaks even, and some […]

What You Need to Know About Getting a Second Mortgage

what you need to know about getting a second mortgage

One of the most common loans for American homeowners in need of cash is a second mortgage loan. These days, they’re becoming more common than ever. Believe it or not, second mortgages were up by 178% in 2021, and there’s no sign of it slowing down. If you’re thinking about taking out a second mortgage, […]

What Are Fannie Mae Loans?

what are fannie mae loans

If you have a mortgage on your home, there’s a good chance that either Fannie Mae or Freddie Mac owns the loan. Owning 62% of conforming loans in 2020, these government-sponsored enterprises play a vital role in the housing market and therefore the economy. When you’re doing research to purchase your first home, learning about […]

Top Reasons Why You Should Consider Refinancing Your Mortgage

top reasons why you should consider refinancing your mortgage

Did you know there are more than 53 million mortgages in the US? Unfortunately, more than 4.3 million of the mortgages are delinquent. Delinquency occurs when homeowners are at least 30 days late on making at least one mortgage payment. Following the COVID-19 pandemic, the delinquency rate rose significantly. If you are struggling to pay […]

FHA Loan Requirements in 2023

seven benefits of getting an fha loan in 2022

Ultimate Guide to Getting an FHA Loan in 2023 FHA loans are the key to homeownership for many types of borrowers, including first-time buyers and those with lower credit scores. These loans are backed by the Federal Housing Administration, which offers FHA-approved lenders protection in case a borrower defaults on the loan. Due to these […]

How Are Mortgage Rates Determined?

how are mortgage rates determined

The last few years have been a rollercoaster ride for mortgages and home buying. Spurred on by the global pandemic, the market now has the most first-time home buyers in history. If you are one of those first-time buyers, how do you predict mortgage rates? Knowing what influences them can be confusing, but don’t fret. […]

Finding the Right Mortgage Lender in Stuart, FL

Finding the Right Mortgage Lender in Stuart, FL

About a third of the US population doesn’t understand the ins and outs of mortgages. So if that’s you, you’re not alone! It’s normal to have no idea what down payment is required, what APR means, and how to find the best mortgage lender. You’ll want to learn a few things before going in so […]

How Hard Is It to Get an Investment Property Loan?

How Hard is it to Get an Investment Property Loan?

Do you want to make investments like the “big sharks,” those large investors with seemingly endless amounts of funds who gobble up big buildings and vast amounts of property? If so, you need to look into investment properties. A sizeable percentage of wealthy investors swear by real estate as a great source for income. In […]