Posts

Making an All-Cash Offer: Should I Still Get a Mortgage?

So you’re in a bidding war, and you know your offer needs to stand out. For homebuyers who have the cash, making an all-cash offer can get you across the finish line and into your dream home fast. Making an all-cash offer removes the financing contingency and puts you in a competitive position. When sellers […]

Behind on Mortgage Payments? Request a Loan Modification

  If you’re behind on your mortgage payments or even facing foreclosure, you might be able to save your mortgage by requesting a loan modification or refinancing your mortgage. On July 23, 2021, the Biden Administration announced a new plan to offer mortgage relief to homeowners, reducing some mortgage payments by up to 25%. Under […]

When Should I Buy Mortgage Points?

When you’re ready to buy a home, you can lower your interest rate by buying mortgage points. If getting the lowest interest rate is your primary goal, then choosing to buy mortgage points or “discount” points can make a lot of sense. But paying mortgage points at closing isn’t always the best financial decision when […]

How to Apply: No Income Verification Loan in 2021

If you’re self-employed, have a high net worth, or want to apply for a mortgage without having to verify your income, then the no income verification loan might be worth considering. Just like it sounds, a no income verification loan doesn’t require proof of regular income to qualify. Qualifying criteria are much more stringent, but […]

6 Painless Ways to Pay Down Debt

If you’re struggling to pay down debt, you’re not alone. It can start out somewhat unnoticeable. Someone gets a new credit card and is doing well with it, buying something on the card and paying the bill when due. After a time, the credit card company sees the positive payment patterns and raises the credit […]

Refinancing Multiple Mortgages Into One

Can refinancing your mortgage save you money? It’s fairly common for homeowners to have not one but two or more mortgages filed against the property. For some, they actually took out two loans at the time of purchase, a first and a second mortgage. When we structure such a loan for buyers, it’s to avoid […]