Some brokers charge an upfront fee, others are 'fee-free' and earn commission from lenders. Is paying a broker worth it? Fees secure low-cost, exclusive deals, specializing in self-employed or bad credit cases.
A portable mortgage lets you transfer your home loan to a new property with the same lender and terms. To port a mortgage, you need a portability clause in your agreement, and you must qualify for the new loan.
13News investigated a social media post suggesting a mortgage payment hack. Making biweekly payments instead of monthly can save money and time on a mortgage. Loan officer Audrey McClelland confirmed this method can reduce interest and shorten the loan term.…
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
Mortgage rates expected to decrease each quarter from Q3 2024 to Q2 2025.Q3 2024: Avg mortgage rate projected at 6.83%
American Express benefits and offers can be found on their website. Breaking a lease may occur due to job relocation or financial struggles. Unpaid debt from a broken lease can harm your credit if reported to a collection agency. To…
Fixed-rate mortgages offer stability with unchanging monthly payments throughout the term. Variable-rate mortgages have payments that change with interest rate fluctuations, posing potential risks.
Mortgage rates have been high due to various factors, but with speculation of a rate cut, it's crucial to avoid mistakes this July. Errors to avoid include not monitoring rate changes, considering adjustable-rate mortgages over fixed rates, and not shopping…
When your mortgage balance exceeds your home's value, it's considered underwater. Strategies to deal with this include staying put to build equity, exploring refinancing options, considering a short sale, opting for a loan modification, or a strategic default. Refinancing and…
Selling commercial Real Estate depends on financial strategy and market conditions.Plan for a six-month sales cycle, including preparation, marketing, and closing.
