The ongoing pandemic has impacted every corner of society, from education to healthcare. Businesses have closed, leaving millions unemployed. A recent survey shows that 25% of U.S adults have lost their jobs due to the pandemic. However, there is a silver lining amidst the chaos. Mortgage rates are still at an all-time low. This has presented a rare […]
Mortgage
Whether you're just starting your home buying journey or a current homeowner, explore current mortgage topics to help make wiser decisions.
Mortgage Refinancing Surges, but New Purchases Hit Low Inventory Wall
The pandemic has shaken the economy to its core. An estimated 31 million Americans were rendered jobless due to COVID-19. Despite the economic hardships, the real estate market has been surprisingly resilient. The historic low-interest rates drive this unexpected boom. This article examines why mortgage refinancing is outpacing new home purchases. Why More Homeowners Are Refinancing Mortgage […]
Real Estate Investing for Beginners: How to Get a for a Duplex
The Duplex Route: Maximizing Investment Potential And Passive Income Generation What Is a Passive Income Generator? A Passive Income Generator, or PIG, is a means of getting money without active measures. Many different PIGs are out there, but real estate has some of the most lucrative options in this area. Essentially, you acquire a property, […]
Should Military Veterans Use Their VA Loan Benefit?
There’s A Simple Answer In a nutshell, the answer to this question is: yes, when the time is right. What is your personal situation? Are you in a position to purchase a property? The VA loan benefit can make it so you aren’t penalized for paying it off early; you can get to a point […]
How Do You Get the Lowest Mortgage Rate?
Saving On Your Overall Mortgage Cost A mortgage with a high interest rate can end up costing almost twice the value of the property over thirty or forty years. While you’re building equity the whole while, there are ways to save. Also, it’s wise to get a mortgage paid off as swiftly as it’s feasibly, […]
Mortgage Rates Just Dropped! Now Might be the Time to Purchase or Refi
If you’ve been putting off finally applying for and taking out a mortgage on a new home, now may finally be the perfect time to do so. While the future of home prices is always in flux, the current mortgage rates just dropped to the lowest point in almost two years, making it the most […]
It may be easier than you think to secure a mortgage for your next house or to refi your existing one
The Rules Of The Game Are Always Changing Here’s the truth: what it takes to get a house today, and what it took to get a house before the sub-prime lending crisis led to economic meltdown in 2008, isn’t quite the same. However, in the eleven years since that happened, there have been shifts across […]
Should You Get a Mortgage from an Online Lender or a Big Bank?
Owning your own home is one of life’s greatest joys. Mortgages make the ownership process easier because the option of buying a house outright is out of reach for most. Choosing a mortgage lender can be an overwhelming process. Between online lenders and big banks, which option gives you better terms? Big Banks are Not […]
When Does It Make Sense to Refinance Your Mortgage?
Only a small percentage of Americans owned homes, until what you know today as mortgages came into existence in the early 1930s. However, the very thing that has become the embodiment of the American dream can sometimes source distress if managed poorly. Although the number of foreclosures is at an all-time low of just 0.47%, […]
Disturbing Trend as Credit Scores Decline for Homebuyers Seeking FHA Mortgage
The housing crisis of the late mid to late 2000s pushed the financial situation of the United States into a tailspin. Combined with the crash of the stock market and a number of bubbles bursting, that was one of the worst financial situations to ever hit the country in its history. While the housing market […]