Category Archives: Refinance
Interest Rate Lock
Lock in Your Interest Rate Interest Rate Lock An interest rate lock is key to ensure you will get the interest rate quote provided by the lender or by the mortgage broker. When purchasing real estate or just refinancing an existing mortgage, you will have to lock in your mortgage interest rate. This can happen early or
Buy a home with a HELOC for an Investment Property
Make your Portfolio glow with an Investment Property Home Equity Line of Credit HELOC Homeowners all around can take advantage of their property’s equity to improve their living space or make other investments. If you are a homeowner and you didn’t know this yet, these lines of credit can be used for real estate investments
Alternative Income Sources for Loan Qualification
Types of Income Mortgage Lenders Will Consider Loan Qualification Your income or more precisely your debt to income ratio will influence your loan qualification. Therefore it is important to include all your qualified income in your loan application. Not just income generated by your salary/wage. Overlooking other forms of income may make the difference between getting the
Qualify for a Mortgage by Using Retirement Income
Can You Use Your IRA to Qualify for a Mortgage? Qualify for a mortgage: Mortgage lenders qualify borrowers for a mortgage based on their credit scores, debt-to-income ratio, and assets. As a result, retired borrowers are facing difficulties when trying to get a loan due to their decrease in income. Qualifying for a Mortgage using your retirement- 1
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