Should I Use My Home’s Equity to Pay for Renovations?

Mortgages

Should I Use My Home’s Equity to Pay for Renovations?

Should I Use My Home’s Equity to Pay for Renovations?

If you need to borrow money for home renovations but you don’t want to tap your assets, a cash-out refinancing of your home could be a good move. Generally, when expenses such as a new roof or backyard renovation present themselves, cash-out refinancing might make sense, but there are costs associated with going this route, so... Read More

The 4 Things That Will Guarantee You Get a Mortgage

Mortgages

The 4 Things That Will Guarantee You Get a Mortgage

The 4 Things That Will Guarantee You Get a Mortgage

There are four things mortgage lenders look at when deciding whether to grant you financing, and having a balance of each will score you better terms and make the process go smoother. Take a look. 1. Steady Income A consistent income that is poised to continue into the future is what lenders crave. If you... Read More

Yes, There’s a Special Mortgage Loan Just For Doctors

Mortgages

Yes, There’s a Special Mortgage Loan Just For Doctors

Yes, There’s a Special Mortgage Loan Just For Doctors

One of the more unique ways borrowers in the health care industry can get a mortgage is the doctor’s loan. Yes, there’s special mortgage financing options available just for doctors. One of the benefits of being a physician is being able to get a mortgage even with a lot of debt. That’s because doctors can get a little... Read More

The Homebuying Cost You Shouldn’t Overlook

Mortgages

The Homebuying Cost You Shouldn’t Overlook

The Homebuying Cost You Shouldn’t Overlook

When people are looking to buy a home, they may be thinking about how much they’ll need to save for a down payment or what monthly mortgage payment they can afford. But there’s another expense prospective homeowners should consider before taking out a mortgage: closing costs. What Are Closing Costs? When you take out a... Read More

Should I Get a FHA Loan or Conventional Mortgage?

Mortgages

Should I Get a FHA Loan or Conventional Mortgage?

Should I Get a FHA Loan or Conventional Mortgage?

Federal Housing Administration loans and conventional loans remain the most popular financing types for today’s mortgage borrowers. But which program makes the most financial sense for you? Here’s how to decide. The Nuts & Bolts of FHA Loans FHA loans are insured by the Federal Housing Administration. The program contains two forms of mortgage insurance;... Read More

Show Me More by Scott Sheldon

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