Mortgage rates have been inching upwards since earlier this year. Slowly at first, but the jumps are increasingly hard to ignore. If you have an adjustable-rate mortgage (ARM), now is a good time to refinance to a fixed-rate mortgage. According to economists, the Fed is expected to deliver back-to-back interest rate hikes in May and […]
If you or a family member is a homeowner over the age of 62, you may have considered a reverse mortgage to access your home equity. However, did you know that a Golden Equity line of credit can offer more flexibility than a reverse mortgage? Often, it includes stronger benefits depending on your financial goals. […]
Earlier this week, the Federal Reserve Board announced its decision to reduce its bond-buying program. So how does this affect mortgage rates? Each time the Federal Reserve makes an announcement, the markets respond. Whether the shift is small or large, clients often want to know if the fed announcement will impact mortgage rates. More importantly, […]
Investing in real estate can protect against inflation, expand your wealth portfolio and hedge against stock market volatility. Still, investing in real estate is not without its own risks. If you’re thinking about buying a second home or investment property, it’s wise to know your options. Especially how to finance an investment property. Doing a […]
A Home Equity Line of Credit or HELOC is a great option when you want to borrow money against your home without refinancing. Unlike a home equity loan, a home equity line of credit (HELOC) is an open line of credit that uses your home as collateral. You draw from the account at your convenience […]
Home values across most parts of the country have not only recovered from their lows in the early part of this decade but the continued increase in home prices also adds to homeowner wealth in the form of equity. Increasing equity and low rates typically signal an opportunity to tap into that equity and put […]
The federal income tax code was significantly altered beginning the first of this year. Several traditional deductions such as mortgage interest deductions, state and local income tax deductions and others were changed or otherwise eliminated altogether. In exchange, income tax rates for all brackets were reduced. This was the first major tax reform since 1981. […]
Have you been thinking of tapping into your homeowner equity? Maybe you’re thinking of doing some minor to major remodeling? Adding a new room or maybe upgrading your kitchen? Well, you can always dip into your savings or checking account but once you pull out those funds they’ll be tied up equity in your home. […]
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