02 Feb 2022
By Mark Feder

Refinancing Your Mortgage: Understanding the Various Types of Refinancing

Home Mortgage Tips
Whether you've been thinking about ways that you can draw on your home equity to fund a renovation project or you want to take advantage of low interest rates before they rise again, refinancing your mortgage is an excellent option. In today's blog post we'll introduce mortgage refinancing and discuss a few of the ways that you can use this tool to help accomplish your financial goals. Cash-In and Cash-Out Refinancing Many homeowners refinance their mortgage in order to take some of the home equity out for other purposes. In a "cash-out" refinancing, you take out a new mortgage loan…
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27 Jan 2022
By Mark Feder

Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan

Home Mortgage Tips
Buying a home isn't cheap. But if you're determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality. So why should you consider an FHA loan? Here are just a few ways you'll benefit from these government-backed mortgages. You Can Get Approved With Just 3.5% Down Traditional mortgage lenders typically require you to pay 20% down on your mortgage, or 5% if you have good credit and agree to pay mortgage insurance premiums. But for…
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13 Jan 2022
By Mark Feder

A Guide to Financing Home Improvements and How Mortgage Refinancing Can Help

Home Mortgage Tips
If you're planning to remodel or renovate your home in the near future - whether to provide a better living environment or as part of a house flip - you'll need to find a way to pay for your home improvements. There are several different possible sources of renovation money, each with their own advantages and disadvantages. One option that is gaining popularity is mortgage refinancing. How does mortgage refinancing work, and how does it compare to other renovation financing options? How can you use a mortgage refinance to get the most out of your renovation? Here's what you need…
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05 Jan 2022
By Mark Feder

The Do’s and Don’ts of Getting Approved for a Mortgage Quickly

Home Mortgage Tips
If you're ready to buy a home, getting approved for a mortgage is a critical step that you can't skip or rush. And although it may seem like the lenders can be a bit arbitrary in their approvals, there's actually a detailed set of criteria they look for when approving or denying an application. So how can you ensure your mortgage gets approved quickly and without any hassles? Here's what you need to know. Do: Have All Your Documents In Order Right Away Processing the paperwork on a mortgage approval is one of the most time-consuming parts of getting a…
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