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.
The longer your home sits on the market, the greater the chances are you’ll be forced to move before it’s sold. And carrying two housing payments at once is something no one wants to face. Follow these tips to maximize your odds of attracting showings and offers ASAP.
Deciding to refinance your mortgage is only the beginning of the process. You’re far more likely to get a good deal when you understand what a mortgage refinance entails. From decision to closing, mortgage refinancing applicants pass through these four key stages.
Like millions of other homeowners paying more than necessary each month, you can take advantage of current low interest rates by refinancing your mortgage loan. But it’s not always the best decision. Before you can decide, you need to know more about the pros and cons of refinancing.
Offering seller financing when you sell a home lets you act as the bank for the buyer’s mortgage. Seller financing may be the only way to sell a unique or difficult-to-finance property for what it’s worth. Is seller financing right for you? Read on to learn about the risks and rewards.
It’s all too easy to feel alone and ashamed when you fall behind on your mortgage. But what options are available? Before making any rash decisions, take the time to explore all options on the table — because you have more support services available to you than you realize.
Bad credit doesn’t mean you can’t own a home. But the worse your credit, the harder it is to qualify for an affordable loan. And just because you can buy a home even with poor credit doesn’t mean you should. Read on to learn what to consider when buying a home with less-than-perfect credit.
For real estate investors, juggling multiple property deals and loans can get complicated.
Blanket loans often help to simplify matters by letting borrowers take out a single loan to cover multiple properties. Learn what blanket loans are, their pros and cons, and when to consider using one.
Historically low interest rates have made borrowing money for home mortgages cheap. But buying a home in cash to avoid debt remains appealing to many. For those who have the cash on hand to buy a home outright, the question remains: Is it a good idea? Read on to learn the pros and cons.
Also known as being upside-down, to be underwater on your mortgage means to owe more than your home is worth. A drop in the housing market, falling behind on your mortgage, or new information about the home’s condition can put you underwater. Here’s what to do if you’re underwater on your mortgage.
You have several options to pull equity from your home, the two most common being home equity loans (second mortgages) and home equity lines of credit (HELOCs). Like any other debt, each of these come with their own risks and advantages. Here’s what you need to know about home equity loans and HELOCs before signing on the dotted line for additional debt.