Private Mortgage Insurance Definition Explained – What is PMI?

When it comes to buying a home, whether it is your first time or your third, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). Private […]

The Cost of Renting vs. Buying In 2018

If you’re trying to decide between renting or buying in 2018, consider the facts. Some highlights about the cost of renting vs. buying in 2018: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed […]

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year. The rate you […]

Here Is The Truth About FICO And Cash You’ll Need To Buy A House

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the […]

See Why FHA Loans Are Amazing For Growing Your Rental Portfolio

One of the most challenging aspects for aspiring real estate investors is merely getting started.  Buying a rental property through conventional loans with 20% down payments can cause unnecessary delays in the growth of your rental portfolio. Smart investors use leverage and every possible advantage to acquire their rental properties.  One fantastic strategy, when used […]