One of the pluses of property ownership is the opportunity to build equity. If there’s ever a time that you need a considerable amount of cash (such as for paying…
Have you been asked to cosign by someone looking to get a home loan approval? You may be wondering why they would ask or how this affects you. This article…
If you’re considering buying a home, you might wonder how much is required as a down payment. Here is a quick run-down of the requirements of the down payment per…
If you own an investment property, you already know that getting a mortgage for this type of property is different than a refi of a primary home. If you recall,…
Ever wonder why it’s essential to keep your debt in check when applying for a mortgage or what debt matters to your approval? This article will help you answer these…
If you’re thinking about buying a home, then you’ve probably heard the terms “pre-approval” and “prequalification.” While often used interchangeably, there’s a slight difference between the two. This blog will…
One of the perks of a mortgage is the “mortgage interest deduction.” Read on to learn what a mortgage deduction is, how much you can reduce from your taxable income,…
Veterans have benefits awarded exclusively to them for their dedication and service, including disability and education compensation, career training, health care, and even home loans. However, with federally-funded home loans,…
An interest-only mortgage starts with payments that only pay down the mortgage interest. Generally, this makes your monthly payments lower than a typical mortgage payment. This option is attractive for…
Your credit score matters in home loan approval and determining the rate you ultimately receive. Essentially, the higher the score, the lower the interest rate. That’s why you must consider…