The process of buying a home can be pretty overwhelming; after all, it’s a real estate decision that will have a major, long-term effect on your family’s life, as well as on your finances. The mortgage process alone presents countless critical decisions, and the need to juggle innumerable documents and...
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Have Outstanding Credit? You Deserve an Outstanding Rate
Here’s a question you’ll want to answer for yourself if you ever apply for a mortgage loan: what’s my credit like? There are different ways of measuring your own creditworthiness, and the best way is to obtain your FICO credit score. These reports are a numerical representation of your credit...
Refinance to the Low Rates You Deserve
There are many reasons to consider refinancing your mortgage loan. For example, you may have a 30-year mortgage term, and wish to condense it into a 15-year loan so that you can get your home paid for more quickly. Or, conversely, you may want to switch from a 15-year to...
Refinancing an FHA Loan to a Conventional Loan
There are many potential benefits to refinancing your mortgage loan. Refinancing allows you to take advantage of superior loan rates, for example, or to change the term of your loan. You can also change the type of loan you have—for instance, refinancing an FHA loan into a conventional one. Is...
Should Your First Home Be an Investment Property?
Generally, people wait until after they’ve bought their first home—or in some cases even their second—before they start seriously investing in real estate. However, there’s no rule to say that you can’t start earlier. In fact, more and more people are making their very first home purchase an investment property....
What Does a Loan Officer Do?
Lenders exist to loan people funds. Money that can be used to close on a home, start a small business, make renovations to a property, etc. However, lenders don’t loan money to just anyone, and securing a loan requires you to prove that you are creditworthy. This process will invariably...
5 Mortgage Refinancing Errors to Avoid
There are many reasons to consider a mortgage refinance—shrinking your monthly payments, minimizing your interest rate, or freeing up additional cash for another major purchase. With that said, refinancing doesn’t always work out as borrowers hope it will, and there are a few common refinancing errors you’ll want to avoid. ...