Archive for July 2022
Mortgage Glossary: Terms Mortgage Lenders Use Frequently
If ever speak with a mortgage broker, you might come across several unfamiliar terms. While mortgage consultants do their best to avoid using complex jargon, it still makes its way into conversations because of how frequently they use them! Fortunately, we’ve put together a glossary of some of the terms mortgage brokers in Ft Lauderdale use frequently.…
Read MoreHow To Get A No Tax Return Loan
Lenders are required to perform extensive background checks on borrowers to know if they can pay their mortgages and won’t default.
Read MoreWhat Factors Determine a Region’s Housing Affordability?
Did you know the average rent for a single-family home in New York City is $1,481 a month? In other words, rent takes up over 28% of the per-capita yearly income in New York City. It’s no wonder countless people rely on home loans in New York! In contrast, it costs just $530 per month for…
Read MoreHow to Build Wealth Through Mixed-Use Financing
Have you ever seen an apartment block with a corner shop attached to it? That’s what a mixed-use building is like! Mixed-use buildings are used for both residential and commercial purposes. The bottom floor is typically used to run a small business such as a convenience store, while the rest of the floors are occupied by…
Read MoreThe Risks & Rewards of VA Loans
The US provides leniency in some areas to the country’s veterans to honor their services to the country. This includes the VA loan, which is a mortgage loan that is set up by the Department of Veteran Affairs (VA). The VA loans allow veterans or their spouses to get a loan for their house at…
Read MoreWhat You Should Ask Your Money Lender?
It’s always best to have all the information before acquiring a loan. If you’ve found a moneylender, ensure you ask them the right questions.
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