If I Have a Mortgage, Do I Actually Own My House?
I’ve heard this argument many times, whether in real life or on social media. That if you hold a mortgage (or two), you don’t actually… Read More »If I Have a Mortgage, Do I Actually Own My House?
Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal
In case you missed it, the Federal Housing Finance Agency (FHFA) granted conditional approval to Freddie Mac to purchase single-family closed-end second mortgages. What this… Read More »Freddie Mac’s Pilot Program to Buy Second Mortgages Probably Isn’t a Big Deal
The Other Major Downside to a Higher Mortgage Rate (Aside From the Payment)
If you’re currently thinking about buying a home, or somehow in a position to refinance an existing loan, current mortgage rates don’t look great. While… Read More »The Other Major Downside to a Higher Mortgage Rate (Aside From the Payment)
Is a 0% Down Home Purchase Much Different Than a 3% Down Purchase?
You may have heard that the nation’s largest mortgage lender just rolled out a zero down mortgage. If you were around for the housing market… Read More »Is a 0% Down Home Purchase Much Different Than a 3% Down Purchase?
What Is a Conditional Loan Approval?
When you apply for a home loan, an underwriter will review your file in order to make a lending decision. They can approve your loan,… Read More »What Is a Conditional Loan Approval?
What Is a Mortgage Account Executive?
There are many different people involved in the home loan process. I wrote about this in detail already, but probably didn’t even include everyone. Because… Read More »What Is a Mortgage Account Executive?
HELOC vs. Credit Card: Why the Plastic May Work Out Better
You may have heard recently that “tappable” home equity has reached an all-time high, thanks to rapidly appreciating home prices and conservative borrowing on behalf… Read More »HELOC vs. Credit Card: Why the Plastic May Work Out Better
Want to Move But Have a Super Low Mortgage Rate? Here’s What My Friend Is Doing
I spoke to a friend the other day who is selling their home and moving up to a bigger one. Crazy I know! What with… Read More »Want to Move But Have a Super Low Mortgage Rate? Here’s What My Friend Is Doing
Which Mortgage Should I Pay Off First?
Mortgage Q&A : “Which mortgage should I pay off first?” Today we’re going to talk about strategy if you hold multiple mortgages and want to… Read More »Which Mortgage Should I Pay Off First?
Assumable Mortgages: Do They Finally Make Sense with 7%+ Mortgage Rates?
It’s time to talk about assumable mortgages. Everyone knows mortgage rates are no longer super cheap. The popular 30-year fixed was in the low 3%… Read More »Assumable Mortgages: Do They Finally Make Sense with 7%+ Mortgage Rates?