Finance

March 29, 2021

Buying Rental Properties Gets Easier with Time

Experience Counts When it Comes to Acquiring Rentals

First-time real estate investors find the approval process is very much the same as financing an owner-occupied property. There's a credit report checked, bank statements and assets are reviewed, and income and employment. Yet, there are some additional guidelines rental property ...

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Jan. 31, 2021

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

Lowest Mortgage Rates in History: What It Means for Homeowners and BuyersIn July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain?

While average mortgage rates have drifted between 4% and 5 ...

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Jan. 20, 2021

The Home Buyer’s Guide to Getting Mortgage Ready

Preparing Financially to Buy a Home 

The Home Buyer’s Guide to Getting Mortgage Ready

If you’re like most homebuyers, you will need a mortgage to finance your new home. By preparing in advance, you can avoid the typical delays and roadblocks many buyers face when applying for a mortgage.

This also applies to homeowners looking to buy their ...

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Jan. 15, 2021

Thinking About a Reverse Mortgage?

Converting Your Home Equity Into CashHome Valuation

Reverse Mortgage Basics

If you are an older homeowner it might be time to think about getting a reverse mortgage. This can be a smart financial decision if you’re looking to convert your home equity into money. Often a better decision than a home ...

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Posted in Finance, Home Ownership
Feb. 9, 2020

Home shopping? Get a Pre-Approval Letter First

If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage. This typically starts with getting pre-approved for a home loan ...

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Feb. 6, 2020

Credit Scores Demystified

Are you thinking of buying a home but need to get your credit on track? Getting started can feel a bit daunting. After all, it can sometimes seem as if credit agencies want to keep you in the dark about how they calculate scores. Not to worry - with some ...

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Posted in Finance, Mortgage
Feb. 13, 2018

Financing Home Renovations

 
Using a Home Equity Line of Credit (HELOC) to Finance Your Projects
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Homeowners looking to undertake home renovations can often use a home equity line of credit or HELOC to finance their projects. Here are six quick tips on how to shop for and manage a HELOC:
Home Loan Scale

Shop around ...
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Posted in Finance, News
Jan. 15, 2018

Was That Escrow Deposit Made?

Was That Escrow Deposit Made? How to Verify

By Meredith Caruso

Jan. 15, 2018 – A lot of Legal Hotline questions focus on escrow deposits, and a significant number of those questions come from listing agents who are upset that they haven't received proof that the funds actually made ...

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Posted in Finance, Open House
Nov. 26, 2017

5 Steps to Obtaining a Mortgage

Mortgage Resource

Today’s stricter lending environment means that processing a mortgage application is more complex than ever, given the number of steps that lenders, underwriters, and mortgage insurers must all complete before home buyers truly have their financing in place.

To help ensure the process goes smoothly, you can also take steps ...

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May 14, 2017

Guide to Buying a Home: Down Payment Comparison

Ready to buy a home? See what your monthly mortgage principal and interest payments would be with various down payments for a 30-year term: 

Loan Comparison

This post has been authored by Eric Slifkin, REALTOR® serving South Florida’s Treasure Coast. You can reach me at 888-288-1765, or visit my Web site. As ...

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