Many homeowners think refinancing is a way to lower their monthly mortgage payment, but there’s another strategy that can maximize their savings. By refinancing into a lower rate and keeping…

With interest rates high, homeowners are turning to HELOANs (Home Equity Loans) to tap into their home’s equity without refinancing their first mortgage. Lenders have slowly reacted to the increased…

Home prices increased substantially in the past few years. This rapid increase in home prices has resulted in major equity gains for existing homeowners. As a result, homeowners have been…

Recent government changes in immigration laws are preventing non-permanent resident aliens from qualifying for FHA & VA mortgage financing. If you are a non-permanent resident alien hoping to buy a…

You know exactly what you earn, but when qualifying for a mortgage, lenders will look at income somewhat differently and scrutinize details. It’s not just about what’s documented on your…

Interest-only mortgages offer temporary financial relief in payment by allowing borrowers to pay just the interest portion on their loan for a set period. While this can lower the initial…

Applying for a mortgage loan is an exciting step towards accomplishing the goal of purchasing a home, but mistakes on your loan application can lead to delays. Mortgage lenders rely…

When it comes to fire insurance, understanding the different types of coverage and how they apply to your property is crucial. Two common types of coverage are Actual Cash Value…

A dollar saved is often better than a dollar earned since there are no taxes associated with it. That is, unless you have income streams that are non-taxable.  While non-taxable…

The main driver for all conventional mortgage loan applications is qualifying income. This is the single most important metric followed by credit scores and assets since your qualifying income determines…