Tag: Mortgage

More Home Loan Options Now Available For Borrowers With Bad Credit

More Home Loan Options Now Available For Borrowers With Bad Credit

October 3, 2019 |

For a long time after the real estate housing crisis in 2008, buyers with a poor credit history had a difficult time finding mortgage financing. It was a problem that trapped those seeking to buy a home because so many lost their homes from the inability to pay their mortgages.

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Expanding Opportunities For Home-Buying In ‘Opportunity Zones’

Expanding Opportunities For Home-Buying In ‘Opportunity Zones’

September 24, 2019 |

Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act to encourage investors with capital gains on other investments to invest that money in low-income and undercapitalized communities. They get a reward of deferring capital gains tax. They avoid a portion of it altogether if they keep the investment for five years or longer.

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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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Simple Tips To Pay Off A Home Mortgage Loan Faster

Simple Tips To Pay Off A Home Mortgage Loan Faster

June 26, 2019 |

It is a major life decision to buy a home and yet many do not consider how much they will pay on the interest over the life of the loan. All they usually think about is if they can afford to pay the monthly mortgage payments.

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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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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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What Causes Mortgage Interest Rates To Fluctuate?

What Causes Mortgage Interest Rates To Fluctuate?

March 26, 2019 |

The mortgage interest rate represents the cost of borrowing money to purchase a property. Mortgage interest rates are not fixed; that is, they fluctuate from one period of time to the next.

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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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