04 Jun 2025
By Mark Feder

How to Pay Off Your Mortgage 10 Years Early Without Extra Payments

Mortgage
If you're like most homeowners, the idea of paying off your mortgage early sounds amazing—more freedom, fewer monthly expenses, and peace of mind. But what if you could shave 10 years off your mortgage without making extra payments each month? Sounds too good to be true? It’s not! There are smart strategies that don’t require more money out of pocket, just a little planning and a fresh approach. As a mortgage originator, I have helped many clients explore options that save them time and interest. Here’s how you can, too. Refinance to a Shorter Term:One of the most effective ways…
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03 Jun 2025
By Mark Feder

Will Multiple Mortgage Applications Hurt Your Credit Score?

Mortgage
When you are ready to buy a home, it is natural to shop around for the best mortgage rate and terms. But you may have heard that submitting multiple loan applications can damage your credit score and throw a wrench in your homebuying plans. Here is the truth behind hard inquiries, rate shopping, and how to protect your credit while securing the best deal. Understanding Hard Inquiries vs. Soft InquiriesWhenever a lender runs your credit, whether for a credit card, auto loan, or mortgage, they generate a hard inquiry on your report. Hard inquiries can lower your score by a…
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29 May 2025
By Mark Feder

Sweet Loans for Every Taste: Which Mortgage Treat Is Right for You?

Mortgage
Let’s face it, picking the right mortgage can feel overwhelming. But what if we made it more fun? Think of home loans like candy bars: each one has a distinct flavor, a specific audience, and its own perfect time and place. Whether you're buying your first home, building your dream house, or tapping into retirement equity, there’s a mortgage match made just for you. So let’s have a little fun with this sweet comparison... FHA Loan – Milky WaySmooth, classic, and made for first-timers.FHA loans are the Milky Way of the mortgage world, soft, reliable, and oh-so-comforting. Designed for buyers…
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08 May 2025
By Mark Feder

The Impact of Rental Income on Mortgage Qualification

Mortgage
For real estate investors and homeowners looking to purchase additional properties, rental income can play a crucial role in mortgage qualification. Lenders often consider this income when assessing a borrower’s ability to repay a loan, but the way it is calculated and applied varies based on different loan programs and underwriting guidelines. Understanding how rental income factors into mortgage approval can help buyers maximize their borrowing potential and secure favorable financing terms. How Lenders Assess Rental IncomeLenders typically evaluate rental income based on documentation such as lease agreements, tax returns, and property appraisals. The amount of income they recognize depends…
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