Many homebuyers are unaware of the difference between working with a mortgage broker and working with a direct lender (aka a big bank). The main difference is that a direct lender like Chase or Wells Fargo will give you a black or white answer when it comes to qualifying for a loan. With a mortgage […]
It seems like everywhere I go today, people are discussing interest rates. It’s true that they went up recently, but they’re still in the high twos and low threes. Those are fantastic rates from a historical perspective. Rates will only increase from here, so you should act soon to take advantage of how low they […]
Lately I’ve been receiving a lot of phone calls and emails from clients who have questions regarding reverse mortgages. Due to all the intricacies of this topic, I’ve asked our team’s reverse mortgage specialist, Tim Baudis, to help provide an informative overview. Like us, you’ve probably heard plenty of horror stories about reverse mortgages – […]
If you have an investment property whose equity you want to tap into, there are several ways to do so. The first is by using traditional financing, where you show your taxes, look at your Schedule E form, and see how much money the property is generating versus how much you’re making. Based on that, […]
I have a couple of tips today for business owners and self employed individuals who are homeowners. First, you should know that you have options if you want to tap into the equity you already have in your home. There are certain cash-out refinances that are offering all the way up to 70% loan-to-value. If […]
