Equity Line of Credit or Refinance? Does it make MORE sense to get a home-equity line of credit? Or refinance your existing mortgage with cash-out at a higher rate than you currently have?This is a great question. And the answer is not always the same. It depends on...
Mortgage Do’s and Don’t’s Maybe the first article of the year should be rather simple and to the point. Things you should really consider when trying to qualify for a new home loan or refinance.Let’s start with the DONT’S! 1) DON’T make a large purchase on a car,...
Understanding Mortgage Insurance And do you Really Want to Invest 20% Down to Avoid it? I have many clients who initially tell me they don’t want mortgage insurance on their purchase. Mortgage Insurance protects the lender in case you default on your loan. I think...
Is It Wise to Pay Your Home Loan Off With Mortgage Rates this Low? I often have conversations with clients about their needs, their wishes, their wants. Many clients discuss how they “wish” to pay off their mortgage sooner than later. For clients who are in their 50’s...
Self-Employed Borrowers Things to Consider When Applying For a Loan It is important to be aware of the differences in qualifying for a self-employed borrower vs a salaried/hourly borrower. I just ran across the following scenario a few months ago, so make sure to be...
