Tag: Mortgage

Posted on 09/12/2022

4 Quick 15-year mortgage types to consider

Mortgages can be a very flustering part of the homebuying process, just based on the sheer volume of available options. Most homebuyers choose the 30-year fixed rate option, as long as they meet the criteria. But what about the 15-year option? What choices are available for homebuyers, first-time and experienced? How do you know which one to pick?...

15 Year Mortgage

Fixed Rate Mortgage

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Posted on 02/07/2021

Loan Options for Luxury Home Buyers

Photo by Vincent Rivaud from Pexels When you buy a luxury home, you have several options when it comes to paying for the home. While some luxury buyers invest fully in the home and purchase outright, most find that opting for a mortgage of some type keeps options open and reserves capital for other things. Mortgages can be...

Luxury Home

Home Buyer

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Posted on 08/02/2020

Pros & Cons of "Subject-to" Real Estate Investment

Image by Gerd Altmann from Pixabay When you're considering buying real estate as an investment, it's a good idea to weigh the pros and cons. That's especially important with "subject-to" real estate, because there can be risks and rewards with this type of property that are different from traditional purchases. Here's what you should be considering, before you...

Investment

Home Loan

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Posted on 04/05/2020

Mortgage: What are Points?

Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...

Mortgage

PMI

+ 3 more

Posted on 06/23/2019

Securing a Mortgage Loan Against Another Property

Most people that obtain a mortgage loan against another property usually plan to buy a second house. This means that they are not ready to sell or move out of their existing place of residence, but they wish to have a second house that they can occupy later, use as a vacation retreat or as an income property....

Mortgage

Second Home

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Posted on 12/24/2018

Tips On Getting A Mortgage

If you are thinking of buying a home, you probably have been getting your finances for some time. First-time homebuyers need the right information to avoid making big mistakes when they purchase their homes. The leap into home ownership is a big one, and you’ll want as much information with you along for the ride. Below, you’ll find a...

Mortgage

Personal Finance