Dreaming of breaking into the house-flipping game? While it might sound like something anyone can do simply by reading a book or watching a few TV shows, house flipping actually requires a substantial amount of capital to get going…and that’s the first major snag most folks face. Here are four strategies that can help you successfully navigate that issue, many
When you apply for a mortgage or refinance an existing mortgage, you want to secure the lowest interest rate possible, and this explains the allure of no-fee mortgages. But while a no-fee mortgage might sound appealing—thanks to a lack of lender fees or closing costs—they come with their own set of pros and cons. They almost always carry a higher
A cash-out refinance lets you borrow from your home equity or the difference between your current mortgage balance and the value of your home. If your home is worth $200,000 and your current mortgage balance is $150,000, for instance, that means you have $50,000 in home equity. Getting a cash-out to refinance allows you to access that equity in cash
With the economy currently in unprecedented territory, homebuyers in search of a new mortgage undoubtedly have questions on how and when to proceed. To help, here are answers to 12 of the most frequently asked mortgage questions. 1. Are mortgage rates decreasing? While mortgage rates are down from a year ago, they are up from a few weeks ago. So, it’s
If you’re among the millions of Americans facing the prospect of unemployment or reduced income due to the coronavirus pandemic, you might be considering asking for a break on your mortgage payment. But keep this in mind: Requesting forbearance on your mortgage isn’t foolproof. The $2.2 trillion CARES Act stimulus package requires servicers to provide forbearance—or a temporary postponement of
