The current interest rate environment has created a resurgence in second mortgages for homeowners. This resurgence in second mortgages is logical since taking out an additional mortgage is typically a…
You probably are aware that the Federal Reserve has been aggressively raising interest rates. The recent interest rate increases which began in 2022 and are continuing across 2023 are a…
Reverse mortgages have been growing in popularity in recent years at a substantial rate. With home equity reaching all-time highs and baby boomers now entering retirement, more individuals have been…
Credit scores are a major factor in personal finance – especially when it comes to mortgage loans. Most residential mortgage loan programs have minimum credit score requirements for eligibility. Furthermore,…
When buying a home, the financial aspects can be overwhelming, and one critical factor that homebuyers should consider is seller credits. Seller credits, also known as seller concessions or seller…
The rise in interest rates has led many home buyers to shop more aggressively for their mortgage loan needs. While there is nothing wrong with obtaining rate quotes from different…
The mortgage world was set abuzz in March with news that regulators decided to change how FICO scores impact individual mortgage rates. Outrage over these changes was largely fueled by…
For those who are not already aware, FHA loans carry an upfront mortgage insurance premium (UFMIP) and an annual mortgage insurance premium (MIP). These additional insurance payments are used to…
So you’re looking to purchase a home and are ready to start the process. Before starting your search, getting pre-approved for a mortgage loan is the best place to get…
Overview Owning multiple pieces of real estate will have an impact on your ability to qualify for a residential mortgage. One of the most common misconceptions people have is that…
