Can You Still Get a Mortgage While Switching Jobs?
For many people, there are two key goals in life, getting your dream job and your dream home. But when the attainment of these goals happens at the same time,…
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Co-Signing a Mortgage: Is It a Good Idea?
When a homebuyer needs a mortgage but has poor credit, one option is to find a close friend or family member with good credit willing to become a co-signer on…
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What is a Hard Money Loan, and How Does It Work?
A hard money loan is a type of loan that provides cold, hard cash in just a few days. Such loans are typically secured through a physical asset, such as…
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A Guide to Understanding the Loan-to-Value (LTV) Ratio
Your loan-to-value (LTV) ratio is essential when planning a home purchase or a refinance. Lenders will use this percentage to compare the value of your property against the loan amount.…
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Mortgage Points Vs. Lender Credits: What are They?
When you’re looking to secure a mortgage or refinance an existing home loan, two phrases you’re likely to come across are mortgage points and lender credits—both present interesting ways to…
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What Happens After My Mortgage is Paid Off?
For many homeowners, that magical day when you finally make your last mortgage payment is something everyone dreams of. It’s a true milestone that brings a sense of pride and…
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My Mortgage was Declined, What Can I Do Next?
The home buying process can have a lot of ups and downs. One minute you’re ecstatic about getting an accepted offer; the next, you face complications with the deal. One…
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Worried About Rising Mortgage Rates?
The Federal Reserve recently began raising interest rates to clamp down on inflation. The average 30-year fixed-rate mortgage is now above 5%, the highest it’s been since 2011 and representing…
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UltraFICO – A New Credit Score Method
If you’re currently in the market for a new home, odds are you know what a credit score is. This vital number plays a crucial part in the mortgage application…
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Getting a Mortgage in New York City
Many people dream of homeownership, especially in New York City. However, unless you have piles of money, you will need a home loan to achieve it. It can seem like…
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