How to Prepare Your Home for an Appraisal | Tips for Getting your Home Appraised

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
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Should I Do a Cash-out Refinance on My Rental Property?

Cash out Refinance on Investment Property
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
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Important Changes in FHA MIP Calculations

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
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Pros and Cons to Debt Consolidation Loans

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
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Prepayment Penalties: What You Need to Know

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
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Why do closings always seem to have unwanted surprises?

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
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Rules of thumb about when to refinance

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,
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