Home Equity Loans Begin to Tighten Qualifications
As the number of Americans out of work or laid off has grown to record numbers due to the coronavirus pandemic, a large number of homeowners are searching for ways to be able to simply cover their living costs. During this time there has been an increase in owners...
What is a HELOC? Pros and Cons
Since the beginning of the COVID-19 pandemic, more people have been looking into different ways to cut their cost of living to meet their income. One of the most common ways is to find a solution with their home. A significantly large number of people have been...
Pros and Cons of an Adjustable Rate Mortgage
An adjustable-rate mortgage, also referred to as an ARM, is a home loan with a fixed rate for the first few years that switches over to an adjustable rate. The beginning fixed-rate period can be anywhere from the first three to ten years of the loan. This differs from...
7 Tips to Help Reduce Closing Costs
7 Tips to Help Reduce Closing Costs – Closing costs are the fees associated with wrapping up and finalizing your mortgage loan. While there is no way to completely avoid paying them, there are some ways that you can pay less closing costs. There are some...
Stated Income Loans are Ideal for Real Estate Investors
Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. In 2010, the...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.