What You Need To Know About A Closed-End Second Mortgage

January 31, 2023

A home is probably one of the most expensive purchases you will ever make. It is important for you to understand all of the options available to you, particularly if you need a quick source of cash, and you might be thinking about taking out a second mortgage.

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What’s Ahead For Mortgage Rates This Week – January 30, 2023

January 30, 2023

Last week’s economic reporting included readings on new and pending home sales, inflation, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.

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Getting A Mortgage When Self-Employed: What You Need To Know

January 26, 2023

There is a common misconception that someone who is self-employed will not have the tax records or income necessary to qualify for a mortgage; however, that is not necessarily the case. In reality, if you are self-employed, there are a lot of home loan options available to you.

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On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

January 25, 2023

Are you the type of person that struggles with remembering to pay their bills on time? You’re not alone. People across the country regularly submit late monthly payments, inflicting terrible damage to their credit. Let’s take a quick look at how paying your monthly payments late can have a negative impact on your mortgage.

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What Is A Loan Contingency: An Overview

January 24, 2023

If you are in the process of looking for a new home, you need to find the right one to meet your needs. Sometimes, you want to learn more about specific properties before you decide if it is right for you.

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What’s Ahead For Mortgage Rates This Week – January 23, 2023

January 23, 2023

Last week’s economic reporting included readings from the National Association of Home Builders on U.S. housing markets, and Commerce Department data on housing starts and building permits issued.

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An Often-Overlooked Trick Can Help You Afford A Second House

January 20, 2023

The whole idea of investing is to use a portion of your money now to get more down the road. It is important for everyone to diversify their investments, and you might be thinking about buying a second house to do so. Investing in real estate is a goal that a lot of people have, but how can you get started? It was challenging enough to buy your first house, so how can you afford a second one?

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VA Loans: Are They Assumable?

January 19, 2023

Members of the military, their family members, and veterans have access to a unique mortgage option called a VA loan. This can be a strong option because it provides borrowers with an opportunity to purchase a house for less than 20 percent down. While not everyone is eligible for a VA loan, there are a lot of people who are wondering, are VA loans assumable? There are a few key points to keep in mind.

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How Do You Actually Write The Check To Buy A House?

January 18, 2023

After you have found the right house to meet your needs, you need to make the down payment to complete the transaction. Can you show up at the closing table with a suitcase full of cash? Of course, that would be a bit suspect, so that is not actually how it happens. What do you need to do to actually hand over the funds to buy the house?

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What’s Ahead For Mortgage Rates This Week – January 17, 2023

January 17, 2023

Last week’s financial reporting was dominated by readings on inflation. Weekly reports on mortgage rates and jobless claims were also released and Treasury Secretary Janet Yellen cautioned lawmakers that the debt ceiling must be raised or eliminated.

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