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.
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.
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.
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.
Buying a home comes with many decisions, among them the loan term you want. Should you choose a shorter loan term with higher minimum monthly payments or a longer loan term with smaller payments? Learn the differences between a 15-year and a 30-year mortgage, and the pros and cons of either option.
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.
Getting a mortgage to buy a home is complicated. Hearing terms like “preapproval” and “prequalification” makes it more confusing. What do those terms mean, how does preapproval differ from prequalification, and why would you want to be preapproved or prequalified in the first place?
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.