What is a High LTV Refinance Option?
The dream of homeownership creates a sense of pride, builds equity, and increases personal wealth for many. However, if you have an underwater home, it can be difficult to refinance to a lower rate.Thankfully, some programs offer a high LTV refinance option so you can...
Best Ways To Cut Costs On A Bathroom Remodel
Now is a great time to make the changes around the home that you’ve meant to do for ages. People are often intimidated by the upfront bathroom remodel costs, which can quickly stack up into five figures. However, you can make dramatic changes for a fraction of...
7 Places To Cash A Check Near Me
In today’s technology-driven world most people pay for things using a credit card or a debit card. Sometimes, people will even go old school and use cash. But there are those situations that get really, really, old school and someone pays you with a paper...
Top Flite Financial: The Ultimate Review
Are you looking to refinance your home? Perhaps you’re considering a mortgage. However, you may not have great credit. Many are in the same situation, but many lenders will work with applicants of all financial backgrounds. Top Flite Financial has a solid...
Understanding a HECM for a Home Purchase
The Home Equity Conversion Mortgage – a type of reverse mortgage – is a financial tool that allows you to convert a portion of your home equity into money that can be used however and whenever you like. Three popular versions of the HECM include HECM Fixed, HECM...
Ways To Receive Reverse Mortgage Proceeds
While our reverse mortgage process is simple and licensed specialists are great to work with, and one of the best parts of getting a reverse mortgage is, of course, getting your proceeds. When first learning about the reverse mortgage, one of the first questions our...
Homes That Don’t Qualify for Reverse Mortgages
The FHA determines which homes qualify for reverse mortgages. Most standalone homes qualify as long as you’re sixty-two or older and use the home as a primary residence. Secondary homes or vacation homes do not apply. Certain types of primary residence do not qualify...
How a Reverse Mortgage Works Without a Mortgage
At first glance, it may seem like a reverse mortgage is only useful for people who already have a mortgage. After all, with a name like reverse mortgage, there seems to be an implication that this loan is the opposite of a traditional mortgage. However, the reverse...
Pros And Cons Of A No Closing Cost Refinance
With mortgage rates at extremely low levels, the desire to refinance has never been stronger. If you’re thinking of refinancing your home, is a no closing cost refinance the right option for you? Read on to learn more about this type of financing and the pros...
Refinancing With Poor Credit: The Complete Guide
Having poor credit is not a death sentence for your mortgage refinance dreams. That being said, it won’t be easy. Yet, with 20.5% of homeowners who refinanced in January 2019 having FICO scores between 650 and 699, it’s doable. The solution would be...
Should I Sell or Refinance My House: Your Definitive Guide
Almost 40% of homes in the U.S. are free of a mortgage, but there are still the other 60% that have decisions to make about financing. If you are trying to decide on whether to remodel your home or sell your current home and buy another one, we are going to help you...
How Much Can You Be Saving From A Refinance?
Americans are averaging a mortgage debt of $201,811 across the country according to a recent report by Experian. Many will argue this is rather too low or too high depending which state and city you live in. Although Americans have such high mortgage debt, they often...
Reverse Mortgage vs. Cash Out Refinance
There are many differences between a reverse mortgage and a cash out refinance. While both programs use home equity to get cash back, the reverse mortgage is specifically for senior citizens. What is a Reverse Mortgage? Home Equity Conversion Mortgage is the formal...
Why Should I Refinance My Mortgage?
The Federal Reserve Dropped Interest Rates to 0%: What Does it Mean To You?
In light of recent events, the Federal Reserve announced that they would drop interest rates to zero. While this number may sound appealing initially, it can actually create a ripple effect on many different markets, including the mortgage sector. What do these...
Understanding the Freddie Mac Enhanced Relief Refinance Program (FMERR)
Home Buying Inspection: The Complete Guide
USDA Home Loan Requirements Explained
Millions of people buy homes each year. More than 5.34 million houses sold to new owners in 2019 alone. While many of those buyers financed their homes with conventional mortgages, others turned to federally-backed loans to help them get into the house of their...
How to Prepare to Buy a House in One Year
59% of Americans consider home ownership to be part of the American dream. You don’t just want to purchase a property eventually, though. If you are interested in buying a house in one year, read on for the tools to make that dream a reality. Here’s how...
Should I Sell or Refinance My House: Your Definitive Guide
Almost 40% of homes in the U.S. are free of a mortgage, but there are still the other 60% that have decisions to make about financing. If you are trying to decide on whether to remodel your home or sell your current home and buy another one, we are going to help you...
What does COVID-19 mean for the housing market?
There are many questions on our minds during this difficult time. And this one is particularly important to anyone who is planning on buying or selling a home soon. Many plans have indeed come to a screeching halt as a result of COVID-19. But in some circumstances,...
Tips When Buying a Home During COVID-19
Market analysts expect home sales to fall by 35% for 2020. This would mean that the total home sales for the year would be around 4 million, a number that hasn’t been this low since 1991. These may sound like bad things, but as a buyer, this makes it a market...
Freddie Mac and Fannie Mae: COVID-19 Update
U.S. unemployment swung from a 50-year low in February to 4.4% in March 2020, which reflects a huge jump in newly unemployed people. Unfortunately, most unemployment is the product of layoffs caused by the COVID-19: 10 million people applied for benefits in the last...
How Your Credit Score Affects Your Mortgage Rate
Buying a home involves numerous steps that can make the whole process extremely wearing. Choosing to work on your credit is as vital as making sure your credit score is at a good level. Americans have a credit score averaging out to 687, according to Experian’s most...
What Are The Top Surveys For Money?
An astonishing 6 hours and 42 minutes a day — that’s the average amount of time people all over the world spend online. On a long-term scale, that translates to about a quarter of their lives! In the US alone, mobile internet usage has risen — 20...
How To Find Money Orders Near Me
Money orders may not be the most common form of payment, but they’re underrated. Using a money order offers you more privacy, safety, and even an extra layer of theft protection. Everyone can benefit from using money orders, the only problem is — where do...
How To Make Money Donating Plasma
How To Get A Credit Card With Poor Credit
Getting credit card offers in the mail or online doesn’t guarantee that you’ll be approved for a card. To get a credit card in your name, you must meet a basic set of qualifications. Other requirements vary by card, and they’ll generally get tougher...
When Is Balance Transfer A Good Idea?
Are you fretting over a high credit card balance that’s taking forever to knock down? If so, you might be able to create a little breathing room by stretching out payments and saving money on interest with a credit card balance transfer. With a balance transfer,...
7 Tips On How To Build Credit History
Building your credit history is an essential part of personal finance. Without a good credit history, you can’t develop a good credit score. Without a good credit score, you’ll pay higher interest on mortgages, auto financing, and other loans, and be limited to more...
Best Coupon Sites: What You Need To Know
There’s an old saying you may have heard before: Money doesn’t grow on trees. The older you get, the more real this saying rings. You have no choice but to spend money, but sometimes it feels like you’re just throwing money into the trash paying full...
Top Sites Like Craigslist to Buy (or Sell)
It can be hard to consider selling that old bike in your garage or buying a new kitchen table without considering sites like Craigslist. Instead of paying full price, you can “inherit” someone else’s table set they’re looking to offload before...