Tag: Mortgage

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

6 Ways to Fight Foreclosure

6 Ways to Fight Foreclosure

March 13, 2019 |

Sometimes, things don’t go as planned. Despite the best intentions, there are times when it’s impossible for homeowners to fulfill their mortgage obligations. When your misfortune turns into a foreclosure notice, these tips will help you control the situation and realize the best outcome.

Read More

Is Now a Good Time to Cash Out Your Home Equity?

Is Now a Good Time to Cash Out Your Home Equity?

March 12, 2019 |

For many Americans, their home is their primary investment. The equity stored in your residence can be a source of available cash for home repairs, upgrades, or for financing the purchase of investment properties. However, few homeowners really understand the process that results in home equity.

Read More

5 Options To Consider When Your Appraisal Comes In Low

5 Options To Consider When Your Appraisal Comes In Low

March 8, 2019 |

Yikes! You are already set on buying the home that you picked out and the appraisal comes back at a lower amount than the amount needed for the home loan to be approved. What do you do? After you calm down your significant-other and then take three deep breaths, here are some options to consider.

Read More

5 Key Tips To Prepare For A Quick Mortgage Approval

5 Key Tips To Prepare For A Quick Mortgage Approval

March 5, 2019 |

Whether you’re finally prepared to get into the real estate market or you want to know how you can make a deal quick, there are a few necessary documents you’ll need to prove your reliability to a mortgage lender.

Read More