How to Prepare Your Home for an Appraisal | Tips for Getting your Home Appraised
Monday, 16 May 2022
Tips to follow when getting your home ready for a Home Appraisal. After you’ve accepted an offer to sell your home, your property will be appraised to see if it’s worth what the buyer is offering. This appraisal is crucial to making sure the sale goes through smoothly. If it comes in too low, the
- Published in Advice, Home Purchase, Home Repairs, Investment Property, mortgage, refinance, Refinancing
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Should I Do a Cash-out Refinance on My Rental Property?
Friday, 28 January 2022
Mortgage interest rates have been near record lows for the past several years. At the same time property values have jumped dramatically, giving homeowners plenty of equity. Those two factors combine to make right now an excellent time to get a cash-out refinance loan. But what if you own rental properties or investment homes? Could
- Published in refinance, Investment Property, Refinancing
Important Changes in FHA MIP Calculations
Thursday, 25 April 2013
FHA loans have grown substantially over the past decade, primarily because of the benefits that these loans offer to families with low to modest budgets. The perks to choosing an FHA loan, one that is backed by the Federal Housing Administration, are plentiful and include lower down payments, more forgiveness toward poor credit and the
- Published in Advice, Checking rates, home loan, home loan, home mortgage, Home Ownership, Home Prices, Housing, Lender, loan, Mortgage, mortgage, mortgage calculator, mortgage insurance, mortgage payment, refinance
Pros and Cons to Debt Consolidation Loans
Thursday, 28 February 2013
Debt consolidation is the act of refinancing your home, or taking out a 2nd mortgage, to pay off several smaller loans including retail or consumer loans that may not be tied to your home. It’s a way to help people gain control of their finances; instead of having all types of loans with various interest
Prepayment Penalties: What You Need to Know
Tuesday, 27 March 2012
What are Prepayment Penalties? Whether you’ve recently applied for a mortgage loan or are considering doing so, it’s important to familiarize yourself with prepayment penalties. Prepayment penalties are exactly as they sound; they are penalty fees charged to the borrower for paying off their loan before a certain time period. Generally speaking, the penalties are
- Published in Advice, home loan, home mortgage, refinance, Refinancing, Tips
Why do closings always seem to have unwanted surprises?
Tuesday, 13 December 2011
It’s one of the most stressful things mortgage originators, realtors and buyers ever face – last minute emergencies with closings. Without careful and considerate management, it is easy for a client to find themselves in a strung-out paperwork battle and a fight against time. But fortunately, the mortgage lending process doesn’t have to be this
- Published in Advice, Closing, home mortgage, Lender, Mortgage, plan management, refinance, Tips
Rules of thumb about when to refinance
Friday, 07 October 2011
Deciding when is the best time to pull the trigger on a home loan refinance, as a rule of thumb, is not always clear. Refinancing seems like a new opportunity to get a better interest rate or perhaps even to take funds out of equity to use for your own benefit. The problem is, though,
- Published in home loan, Mortgage, mortgage, refinance, Refinancing