Tag: Financing

How To Crowdfund A Renovation Project

How To Crowdfund A Renovation Project

September 20, 2019 |

Crowdfunding came into prominence with the Jumpstart Our Business Startups (JOBS) Act that President Obama signed into law during 2012 and subsequent enhancements. The JOBS Act made it easier for startups to raise money and for the first time allowed the legal ability to advertise the investments and accept small investors.

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4 Tips To Ensure A Successful Closing

4 Tips To Ensure A Successful Closing

July 2, 2019 |

As you come up to the date of your closing, there’s time to reflect on everything that led to this step. Your real estate agent, mortgage broker, title company and others all work hard to ensure a successful closing for you. They’re all in your corner, hoping for the same outcome as you. They’ve had to do a lot of work behind the scenes that you may not even be aware of. Their diligence and professionalism has already benefited you.

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How To Buy A Bargain Home As A Short Sale

How To Buy A Bargain Home As A Short Sale

June 13, 2019 |

A short sale is when the mortgage lender(s) agrees to sell the property for a lower amount than the loan-balance remaining.

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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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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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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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4 Ways To Get Your Home Loan Closed Faster

4 Ways To Get Your Home Loan Closed Faster

March 21, 2019 |

You’ve finally found the perfect home for your family. Now the only thing standing between you and domestic bliss is the loan process. Use these techniques to shorten the amount of time between placing your bid and getting the final approval on your new home mortgage.

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What Makes Up A PITI Mortgage Payment?

What Makes Up A PITI Mortgage Payment?

March 14, 2019 |

Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.

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