A reverse mortgage is a unique type of loan that allows seniors to unlock the equity in their homes and access funds without having to make monthly payments. You might have heard about it before, but do you really know what it is all about? In this blog post, we’ll be discussing the reverse mortgage […]
Is There a Looming Foreclosure Crisis Facing the US Real Estate Market?
Although the COVID-19 pandemic itself has yet to officially end, a number of programs that have assisted US homeowners to endure its initial onset and impact have. For instance, the foreclosure moratorium, which according to Fortune magazine, “prevent[ed] foreclosures of federally-backed mortgages,” ended earlier this year on July 31st. Similarly, the ability for homeowners to […]
Self Employed? 7 Ways to Qualify For a Mortgage
If you’re self-employed and you’re wondering if you would qualify for a mortgage, then yes, it’s possible. However, as a self-employed person, getting a mortgage is more difficult and challenging compared to employed individuals. Lenders, in general, are concerned about whether self-employed individuals can repay their loans consistently. They need to see that you have […]
10 Things to Know Before Buying Investment Property
Buying an investment property can be a very lucrative business. There are numerous examples of people making significant gains and profits through a real estate portfolio. But it can also be a highly risky use of your money. And regardless of the size or type of property, your plan to invest in it will almost […]