02 Nov 2017
By Mark Feder

Mortgage 101: How Interest-Only Mortgages Work and Why They’re A Good Solution for Some Buyers

Home Mortgage Tips
Whether you're a first-time homebuyer or an experienced real estate investor, if you are planning to borrow funds to buy a home you will want to choose the right mortgage product. In today's blog post we'll explore how interest-only mortgages work and why they're the perfect choice for some homebuyers. How Interest-Only Mortgages Differ From Conventional Ones As the name suggests, interest-only mortgages are loans where you are only required to pay off the interest portion of the loan each month for some specific term. The length of these loans can be up to ten years, although five or seven…
Read More
31 Oct 2017
By Mark Feder

62 or Older? 3 Reasons Why a Reverse Mortgage Might Be the Perfect Financial Solution for You

Home Mortgage Tips
Are you and your spouse starting to move into your retirement years? If so, you already know that you are going to need a solid financial plan for when your primary sources of income are no longer bringing money in. If you have invested in your retirement, you might be all set. However, what if your house makes up the majority of your net worth? Let's take a quick look at three reasons why a reverse mortgage might be a great way to unlock the equity you've built up in your home. Reason #1: This Is Your Last Home To…
Read More
26 Oct 2017
By Mark Feder

Stuck in a Bidding War? 3 Ways to Win Without Busting Through Your Mortgage Approval Amount

Home Mortgage Tips
Are you making an offer on a new home in a hot housing market? If so, one possibility is that you are going to end up bidding against other buyers who are looking to buy the same home. Unfortunately, in some cases bidding wars are inevitable, and they can be a significant source of stress. Let's take a look at three ways that you can win a bidding war without having to spend more than you can afford. Price Is Important, But It's Not Everything The first consideration to keep in mind is that price is important, but it isn't…
Read More
24 Oct 2017
By Mark Feder

Man Vs. Machine: Why Using a Human Mortgage Professional Is Better Than Trusting an App

Home Mortgage Tips
Are you currently house-hunting or plan to be in the near future? If you plan on using mortgage financing to pay for your home, you will soon discover that there's no shortage of options available to you. You can meet with a local mortgage professional, apply for mortgages online and even download mobile apps that promise to set you up with a mortgage. However, is every option equal? Let's explore why, in the epic battle of man versus machine, you will want to place your trust in a human mortgage professional. Human Mortgage Professionals Have Local Experience The first and…
Read More