Before you purchase a home, it’s important to decide whether you’re at the right point in your life and career to make such a commitment. Otherwise, you risk making a home buying mistake that’s difficult and costly to amend. Here’s what to consider when deciding whether to buy a house now or wait.
Homeowners with ample equity have a ready-made source of low-cost capital to finance significant expenses: their home’s equity. If you’re shopping for a home equity loan or line of credit in the hope of taking advantage of low interest rates, get the scoop on the lenders with the best rates.
If you have an FHA mortgage, you may qualify for an FHA streamline refinance. Although this refinancing product isn’t right for everyone who qualifies, here’s a closer look at the FHA streamline refinance program, possible fees and expenses, eligibility requirements, and overall suitability.
Depending on who you ask, hard money loans are either the easiest and best source of funding for real estate investors or nightmare loans of last resort. Who’s right? Learn about hard money loans for renovations in real estate, and whether you should consider getting one or looking at other options.
Refinancing your mortgage is probably the most profitable move you can make to take advantage of low interest rates. But should you actually do it? Before you can determine that, you must learn more about why you’d want to refinance your mortgage and how to calculate the net costs.