Mortgage Tips
Simple mortgage tips to help you better prepare for the mortgage process and ideally save money on your mortgage.How to Get Cash Out of Your Home in a Rising Rate Environment
In a perfect world, you could tap into your home equity and lower your mortgage interest rate at the same time. But because interest rates rise and fall over time, this simply won’t always be the case for homeowners in ... Read More »
Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate
Conventional wisdom would lead us to believe that consumers go with the mortgage lender that offers the lowest interest rate. This appears to not be the case… In fact, it’s the least common reason why a borrower selects a particular ... Read More »
Don’t Make the Mistake of Calling the Housing Top Too Early
It’s that time of year again, when we enter the housing doldrums and everyone in the industry begins to panic. Further exacerbating things this time around is the fact that mortgage interest rates are in uncharted territory. Yes, I’m being ... Read More »
Getting a Mortgage with a Gig Economy Job
If you’re one of many people out there who happens to bring in money from a so-called “gig economy” job, you might be wondering if such income can be used to obtain a home loan. Most mortgage lenders will verify ... Read More »
One Really Simple Way to Offset a Higher Mortgage Rate
We all know mortgage interest rates are increasing. While they’ve seen periods of relief here and there, the trajectory seems to be decidedly higher. How much higher remains to be seen, but there’s a good chance the rate you receive ... Read More »
Should You Pay Off Your Mortgage Before Retirement?
If you speak to any financial planners or so-called experts on the matter, they’ll probably say, “Yes, pay off your mortgage before you retire.” But is it fair to make the same conclusion for all individuals? Probably not. And times ... Read More »
Look for a Mortgage Before You Search for a Home
While it might look and sound counterintuitive at first glance, it could actually make perfect sense. Instead of assuming that home loan financing is just a cumbersome, yet mostly guaranteed step toward the American Dream, understand that it will dictate ... Read More »
Mortgage Rates Vary by Lender, So Shop Around
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 »
Getting a Mortgage on a Duplex, Triplex, or Fourplex
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 »
How to Move Out of Your Parents House
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 »
