How Long-Term and Short-Term Loans Differ
How Long-Term and Short-Term Loans Differ – As the pandemic is still a large presence around the country and pandemic induced low-interest rates are still at all-time lows, it is still a good time to consider a refinance. This could also be a good time to take...
How Soon Can I Buy a Home After Bankruptcy
Qualifying for a mortgage loan that would enable you to purchase a home after filing for bankruptcy may seem like a crazy dream. Bankruptcy tends to cast shame or paint a filer as a person who should never be trusted again with borrowed money. In all actuality, every...
5 Steps to Protecting Your Credit Score During a Pandemic
The current times have turned many people’s personal finances for a loop. Even as businesses begin to open back up many employees are still furloughed or unemployed. Some employees have stayed at work the whole time, but with reduced pay. As many of us work to keep...
Can Cash-Out Refinances Help Reduce Debt?
If you have mounting debts that you are struggling to pay off and feel like you will never get beyond just paying the high interest, you may be looking for ways to help pay the debt down. One option some people look into is a cash-out refinance. When you opt for a...
How Working with a Broker is Different from a Lender
You have decided you are ready to buy your next home, the one that will help you to live out where you want to be in the next stage of life. Before you go house shopping and fall in love with a home, it is wise to find out what kind of mortgage you could qualify for....
New Mortgage Requirements for Self-Employed Borrowers
Last month Fannie Mae and Freddie Mac both announced new standard requirements for self-employed borrowers and loan applicants. It is expected that many other lenders will adhere to these loan requirements in the near future as well. New Self-employment Mortgage...
The Basics of No-Closing-Cost Refinances
Right now a large number of home owners are hoping to take advantage of historically low interest rates and refinance so they can lower their monthly mortgage payment. Is a no-closing-cost loan refinance a better way to go? The Details of a No-Closing- Cost Mortgage...
What Mortgage Rate Can I Get Compared to the Average Rate?
Mortgage rates are lower than they have been in several years making this a really good time to apply for a mortgage and take advantage of lower payments. One thing applicants should be aware of though is that the national averages you see on the news and read about...
Locking in a Mortgage Rate as Buyer’s Get Competitive
At this time borrowers have a chance to lock in mortgage rates at historically low rates. Lower inventory to purchase from and a competitive seller’s market can make finding the right home a bigger challenge. This has some buyers wondering when they should lock in...
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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.