Have you heard of a Bank Statement Mortgage? Most all mortgage loans require bank statements to verify sufficient funds to close on a transaction. A complete bank statement provides third party verification that the applicant has enough funds for a down payment, related closing costs and cash reserves all belonging to the applicant. But a […]
Mortgages and Divorce: What You Need to Know
Couples don’t enter into a marriage expecting it to soon end. Quite the opposite in fact, when they get married they do so “until death do us part” and are so much in love they couldn’t imagine being separated much less getting a divorce. Unfortunately however divorce is a real thing and too often marriages […]
Rent or Buy, Part 2: Pros & Cons of Renting
Depending on your age and the decade you grew up in, “conventional wisdom” on the topic of renting vs. buying a home could have varied tremendously. If for example you grew up in the 90s, you may have been brought up to believe that renting is just throwing money down a drain, and buying is […]
Rent or Buy, Part 1: Pros and Cons of Buying
When it comes to the topic of renting vs. buying, one thing is likely—if you ask around, most of your friends and family are bound to have pretty strong opinions on it. You may know people who say, “Don’t take out a mortgage; you will just get trapped and find yourself underwater in a few […]
