How Rising Interest Rates Affect What Mortgage you Can Afford

No one likes to hear that interest rates are going up. In most people’s minds, this means higher mortgage payments or a declined mortgage application. While it’s true that rising interest rates have an effect on your mortgage affordability, it’s not the only factor. A...

How to Invest in Real Estate With Little Money

Do you avoid investing in real estate because you don’t think you have enough money? You might be surprised to learn that there are several ways that you can go about investing even without a large stash of money.Compare Offers from Several Mortgage Lenders.Whether...

How Often Is Often When Refinancing Your Mortgage

Timing is everything. This is especially true for refinancing mortgages whose decrease in rates can spell a difference in savings (monthly mortgage payments). And there is no limit as to how many times you can refinance your existing mortgage. There is no rule or...

Borrowing Money From a Paid Off House With Bad Credit

You paid off your house a while ago and have enjoyed being mortgage free. However, in recent years you hit bad luck and ruined your credit. Now you want to tap into your paid off house and get some of that equity back in cash to help make ends meet. Is it possible...

Do Lenders Verify Employment the Day of Closing?

Lenders always verify employment before you close on a loan. It’s not enough to supply your paystubs or even your tax returns. Lenders need to hear from a third party that you are employed. This helps the lender determine that your income is as accurate as you...