Category: Mortgage Information Center

Five Things to Do With a Windfall Other Than Spend it Right Away

Five Things to Do With a Windfall Other Than Spend it Right Away

June 14, 2019 |

Perhaps you have won the lottery, received an inheritance, or cashed in one of your investments, and now you have a large sum of money you don’t know what to do with.

Although it is tempting to cruise around town in a brand new sports car it is important to think carefully about how to spend your newfound cash.

To give you some ideas on the smartest way to use your new wealth, here are five things to do with a windfall other than spend it right away:

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What Is A Reverse Mortgage?

What Is A Reverse Mortgage?

June 12, 2019 |

A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to it but does not have to make any monthly reverse mortgage payments.

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Loan Servicing Companies

Loan Servicing Companies

May 22, 2019 |

What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam?

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What’s Ahead For Mortgage Rates This Week – May 13th, 2019

What’s Ahead For Mortgage Rates This Week – May 13th, 2019

May 13, 2019 |

Last week’s economic news included readings on job openings and inflation. Weekly reports on mortgage rates and first-time jobless claims were also released.

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The Benefits Of Developing A Multi-Use Property

The Benefits Of Developing A Multi-Use Property

May 10, 2019 |

Renovations that create a multi-use property or the development of a new multi-use project can be a very attractive investment especially in urban areas that are undergoing redevelopment. The concept of multi-use is to make the most of the site that is revitalized or developed.

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Can I Qualify For A Mortgage Without W-2 Income?

Can I Qualify For A Mortgage Without W-2 Income?

May 7, 2019 |

It’s more common these days to have non-traditional income that doesn’t fall into the W-2 category. Many people work in what is referred to as the “gig economy,” where income might come from a variety of freelance sources.

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Finding ‘Hard Money’ Lenders Is Easier Than You Think

Finding ‘Hard Money’ Lenders Is Easier Than You Think

April 23, 2019 |

Are you the type of real estate investor that has an interest in a treasure hunt? A real estate investment strategy based on hard money is, at its core, a treasure hunt. There must be an underlying value, the “treasure,” for a hard money opportunity to exist.

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NAHB: Home Builder Confidence Rises in April

NAHB: Home Builder Confidence Rises in April

April 18, 2019 |

Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April’s reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions.

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4 Ways To Pay Off My Mortgage Faster

4 Ways To Pay Off My Mortgage Faster

April 9, 2019 |

For most people, the mortgage payment is the biggest monthly expense. Whether you’re facing retirement or still working, it would be nice to be free of this debt. Although you probably can’t pay it off in one lump sum, it is possible to pay off your mortgage sooner than expected.

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11 Simple Ways To Save Money Toward The Purchase Of Your New Home

11 Simple Ways To Save Money Toward The Purchase Of Your New Home

April 4, 2019 |

If you find it difficult to make ends meet, these tips will help you save money in ways that are easy to do and create substantial savings over time.

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