Mortgage

Understanding Reverse Mortgages: The Necessary Steps to Secure One

By Catherine Tims | August 6, 2023
Reverse mortgages have garnered considerable attention over recent years, especially among homeowners above the age of 62. This form of financial assistance allows them to tap into their home's equity, providing a much-needed income source during their retirement years. However, obtaining a reverse mortgage is not as simple as it may seem, and it involves […]
balancing property sector real estate agent
Real Estate, Real Estate Investing

Inflation Can't Stop Us From Making Money: Unconventional Investment Opportunities!

By Beni Restea | July 31, 2023
There’s no delicate way to put this; the US economy faces dire straits. Though we managed to moderately curtail the average inflation rate of eight percent reported in 2022, the current six percent rate of inflation (February 2023) doesn’t mean we’re out of deep waters. Moreover, a sustained period of growing product and service prices […]
Housing, Mortgage

Another Mortgage Rate Hike? It's More Likely Than You Think

By Catherine Tims | July 27, 2023
The real estate market has been reeling for more than a year as mortgage lending rates soar ever higher. Unfortunately, the writing on the wall is clear: another rate hike is likely imminent. This is because the Federal Reserve is expected to raise interest rates again in July, in an effort to combat inflation. This […]
Bought-with-1099-Income
Home Buying, Mortgage

Buying a Home with 1099 Income

By Eric Jeanette | July 23, 2023
Buying a Home with 1099 Income: A Comprehensive Guide for US Buyers Buying a Home with 1099 Income can present unique challenges for self-employed individuals. Understanding the implications of 1099 income on mortgage loans is crucial. Lenders carefully assess tax returns and stable income to determine eligibility. Strategies such as maximizing chances of approval and […]
Mortgage

Surprise, Surprise: Mortgage Rates are Still High

By Catherine Tims | July 18, 2023
Much to the surprise of no one, mortgage rates have been on the rise in recent months. This trend shows little to no signs of stopping any time soon, but the fast-and-furious pace of rate hikes seems to be slowing, if only slightly. There are a few reasons why the cost of home lending has […]
Mortgage

Mortgage Rates Climb Ever Higher Once Again

By Catherine Tims | May 25, 2023
Recent market data has provided us with some bad news: average mortgage rates in the US have reached a new high-water mark. With an eye-watering rate of 7.17 percent, this new figure is a 52-week high, and real estate professionals are watching the markets closely to see how this will influence the coming weeks and […]
Condition Requirements For Homes With VA Loans
Home Buying, Mortgage, US Real Estate

What Are The Requirements For VA Loan Inspections

By Bill Gassett | March 28, 2023
VA appraisals and VA inspections are often confused, but they are different. A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. We look at a home's requirements when applying for a VA loan. There are VA loan inspection requirements for appraisals that […]
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