Renting Out Your Property and Becoming a Landlord with a Mortgage

January 10, 2024

Becoming a landlord can be a profitable undertaking, providing a steady income stream and potential long-term investment growth. It is important to understand the complexities of managing a property while still under a mortgage. We will discuss the key insights into renting out your property and becoming a landlord while maintaining a mortgage. Understanding Your […]

Read the full article →

Unveiling the Power of VA Loans for Veterans

January 9, 2024

For the brave men and women who have served in the armed forces, the dream of homeownership becomes more attainable and rewarding through the power of VA loans. We will discuss the unique features that make VA loans a tool for veterans, empowering them to secure homes with financial flexibility and favorable terms. No Down […]

Read the full article →

What’s Ahead For Mortgage Rates This Week – January 8th, 2024

January 8, 2024

With the first FOMC minutes of the year, it sets the tone for the potential moves the Federal Reserve will make, with them remaining firm in their current stance of not employing any rate cuts, however given the more recent end-of-year reports, there is a likelihood that rate cuts will start this year. The last […]

Read the full article →

Understanding, Avoiding, and Mitigating Early Mortgage Repayment Fees

January 5, 2024

Mortgage prepayment penalties are fees charged by lenders when borrowers pay off their mortgages before the agreed-upon term. These penalties are designed to compensate lenders for potential lost interest income and can significantly impact borrowers who want to pay off their mortgages early. Here’s what borrowers should watch out for and how to avoid or […]

Read the full article →

15-Year vs. 30-Year Loans Compared

January 4, 2024

Choosing the right mortgage term is a critical decision when purchasing a home. The two most common options are 15-year and 30-year mortgage terms. Let’s compare the advantages and disadvantages of each to help you make an informed decision: 15-Year Mortgage Advantages: Interest Savings: The most significant advantage of a 15-year mortgage is the amount […]

Read the full article →

What’s Ahead For Mortgage Rates This Week – January 2nd, 2024

January 2, 2024

With the New Year, the final week only featured the normal reports of Jobless Claims, S&P Shiller Home Price Index (YoY), and Chicago Business Barometer. All of them will have limited impact compared to the GDP and the Inflation data reports that have already been released. S&P Shiller Home Price Index (YoY) For the ninth […]

Read the full article →

Mortgage Rate Locks: When and How to Secure the Best Rate

December 29, 2023

Rate locks play a crucial role in the mortgage application process, helping borrowers secure a favorable interest rate for their home loans. Here’s an explanation of the importance of rate locks and when and how to secure the best rate: Interest Rate Protection: Mortgage rates are subject to market fluctuations and can change daily or […]

Read the full article →

The Advantages And Disadvantages Of Using Online Mortgage Lenders

December 28, 2023

Using online mortgage lenders can offer several advantages and disadvantages compared to traditional brick-and-mortar lenders. It’s important to weigh these factors based on your individual preferences, needs, and financial situation. Here’s a breakdown of the pros and cons: Advantages of Online Mortgage Lenders: Convenience: Pros: Online lenders offer the convenience of applying for a mortgage […]

Read the full article →

A Deep Dive into Mortgage and Tax Facts

December 27, 2023

Owning a home is a significant milestone that comes with a multitude of financial considerations. Beyond the pride of homeownership, there are substantial tax benefits and deductions available to those who embark on this journey. We will explore key facts about mortgages and taxes, focusing on the deductions, credits, and benefits that can make homeownership […]

Read the full article →

← Previous Entries

Next Entries →