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Mortgage Rates Vary by Lender, So Shop Around

Mortgage Rates Vary by Lender, So Shop Around
April 18, 2018 No Comments »

While mortgages are largely a commoditized product, unlike perhaps a TV or a smartphone with unique technology, their cost can still vary considerably by lender. The reason mortgage rates are different across banks and lenders could be a result of ... Read More »

Carrington Mortgage Launches Line of Subprime Mortgages

Carrington Mortgage Launches Line of Subprime Mortgages
April 5, 2018 No Comments »

Here we go again? Maybe, maybe not. Regardless, Carrington Mortgage Services has launched a new line of subprime mortgages available to the 100 million odd U.S. consumers who have less than perfect credit. For the record, Carrington already offers subprime ... Read More »

Getting a Mortgage on a Duplex, Triplex, or Fourplex

Getting a Mortgage on a Duplex, Triplex, or Fourplex
April 4, 2018 No Comments »

One trend I’ve been seeing lately is buying a multi-unit property, such as a duplex, and renting out one unit while living in the other. The cool kids are referring to this as “house hacking” because you essentially get someone ... Read More »

The Top 10 Cities Where Cash-Out Refinances Are King

The Top 10 Cities Where Cash-Out Refinances Are King
April 3, 2018 No Comments »

Despite being nowhere close to levels seen just over a decade ago, cash-out refinance loans are on the rise, this according to a new data dive by LendingTree. The company reported that 62% of those who refinanced in the first ... Read More »

How to Move Out of Your Parents House

How to Move Out of Your Parents House
March 28, 2018 No Comments »

There’s nothing inherently wrong with living with your parents, other than EVERYTHING! So let’s talk about how to GET OUT! To be clear, I’m going to discuss moving out and buying a place of your own, not moving out and ... Read More »

Condo vs. Townhouse: Why It Matters

Condo vs. Townhouse: Why It Matters
March 27, 2018 1 Comment »

It’s been a while since I’ve done a matchup, so let’s talk about an important one if you’re in the market to buy real estate. Today, we’ll breakdown the similarities and differences of a condo vs. townhouse. First things first, ... Read More »

What Is a 3/1 ARM?

What Is a 3/1 ARM?
March 22, 2018 No Comments »

If you haven’t been feeling 30-year mortgage rates recently, maybe an ARM might suit you better, especially if you don’t plan to stay in your home for a very long time. There are a variety of adjustable-rate mortgages available to ... Read More »

What Will Happen to Home Sales If Mortgage Rates Rise to 9%?

What Will Happen to Home Sales If Mortgage Rates Rise to 9%?
March 21, 2018 No Comments »

There’s been a lot of hubbub about mortgage rates since the start of the year. It’s not unwarranted, given the fact that 30-year fixed rates increased from 3.95% to 4.46% from January through early March, per Freddie Mac data. But ... Read More »

MassHousing Launches Zero Down Mortgage

MassHousing Launches Zero Down Mortgage
March 19, 2018 No Comments »

There is yet another zero down mortgage option available to prospective home buyers, the latest being offered by The Massachusetts Housing Finance Agency (MassHousing). The quasi-public agency already offers 30-year fixed-rate mortgages up to 97% loan-to-value (LTV), but launched its ... Read More »

What Does It Mean to Be House Poor?

What Does It Mean to Be House Poor?
March 14, 2018 No Comments »

If you’re an existing homeowner or an aspiring one, you may have heard the phrase “house poor,” typically uttered by an overextended borrower. It may also serve as a warning to a first-time home buyer. First, let’s define what it ... Read More »