Is a Bridge Loan a Good Idea?

Is a Bridge Loan a Good Idea?

A bridge loan is a loan between two transactions, typically the buying of one house and the selling of another. A bridge loan is ideal when a homeowner cannot afford to mortgage payments at the same time. This works when you are buying one home when your previous home...

Buying Down Your Interest Rate

Have you heard the term “buying down an interest rate”? This is a common phrase in home loan applications, especially when working with a bank or mortgage broker. You can buy down your interest rate by asking for a series of different rates and associated...

How a Bank Statement Mortgage Works

For self-employed individuals, a bank statement home loan may be the best thing since sliced bread. Instead of using W-2’s and tax returns, which most loans rely on, a bank statement loan uses the money you deposit into your bank account each month as proof of...

Mortgage for Self-Employed Borrowers

Introducing the 24 Month Bank Statement Loans For Self Employed Borrowers Self-employed borrowers rejoice! There are now bank statement loans for self-employed borrowers with no lender overlays on government and conventional loans. So what does this mean for...

How to Get Out of a HERO Loan

The term HERO stands for Home Energy Renovation Opportunity and is a government based program providing financing for energy efficient, water efficient, and renewable energy products to homes and businesses in approved communities within California and Missouri....