Archive for August 2022
Key Differences Between Recourse and Non-Recourse Home Loans
Picture this. You’re browsing real estate listings one day and come across the home of your dreams. It has everything you desire—state-of-the-art kitchen appliances, a lawn with automatic sprinklers, and stunning interior décor you can’t wait to show off on social media. You’ve got a bit of money saved for a down payment, so you…
Read MoreCash-out vs. Cash-in Refinancing: Which One’s Better?
Want to improve the terms on your current mortgage? Your best bet is to opt for mortgage refinancing! Refinancing services have soared in popularity recently and can help borrowers save as much as $2700 per year in mortgage payments, according to the Federal Home Loan Mortgage Corporation. Two of the most popular forms of refinancing are cash-out and…
Read MoreHow Do Open-end Mortgage Loans Work?
Acquiring real estate can be an excellent way to grow your wealth. However, financing a property isn’t easy because of the rising real estate prices. So, what do you do? You can either opt for a bank loan with strict lending requirements or get a loan from a private mortgage lender. If you’re considering taking out a…
Read MoreThe Complete Guide to Mortgage Regulation in Florida
It’s no surprise that Florida has one of the hottest real estate markets in the US. The market offers a lucrative opportunity for real estate investors and property developers to enhance their investment portfolios. Are you a homeowner in Florida considering a mortgage? Or, are you a real estate investor interested in purchasing property? If so,…
Read MoreReverse Mortgage Loans: What They Are and How They Work
It’s no secret that the economic conditions of the country are on a decline because of the imminent global recession. In such circumstances, investing your hard-earned money can be tricky. You can invest in the booming real estate market, but property investment can seem like a distant dream because of the increasing real estate prices. So,…
Read MoreThe Ultimate Guide to FHA Energy-Efficient Mortgage Loans
Have you ever wanted to pay lower premiums on your mortgage andlower your energy bills simultaneously? It might sound too good to be true, but the Federal Housing Authority (FHA) energy-efficient mortgage program makes this a reality! FHA energy-efficient mortgage loans were formally launched in 1995 and designed to encourage people to develop sustainable homes.They provide an array…
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