Category: Mortgage
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When it comes to the mortgage industry there are many terms that can leave borrowers scratching their heads. As with any industry, there are several words and phrases that are used mainly by the people working in that industry. For those looking to apply for a mortgage when buying a home or those wanting to refinance their…
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If you invest in real estate and have a property that is cash flowing, then the DSCR loan may be right for you. DSCR stands for Debt Service Coverage Ratio and is basically a loan that is provided more based on the income of the property that is being bought (or refinanced) versus the income of…
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Whether you bought a home with a higher mortgage rate or have noticed interest rates are lower after already refinancing it may make sense to refinance that mortgage. Just the fact that one can get a lower mortgage interest rate should not be the only consideration when thinking about refinancing. There are additional costs associated with taking…
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Getting a mortgage pre-approval is the first step a home buyer should take before getting setup for a home search. While a home buyer can start the conversation with a real estate agent to get a few lender names to talk to, having a home search setup before pre-approval can result in disappointment since they may…
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There are a number of different mortgage options available to home buyers. Some mortgage options are open to anyone whereas some of the other programs are reserved for specific individuals and/or specific properties. In this article home buyers can learn about the various different home mortgage options as well as the benefits available for each. Check out the…
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The best mortgage lender in Ohio is one with deep expertise, 20+ years of real estate and legal experience, strong knowledge of real estate and mortgage lending, and a trusted local network. Instead of searching for a name, focus on proven results and community connections—because that’s what will help when it comes to applying for…
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Buying a home can look like a challenging process, especially to someone looking to buy a home for the very first time. Taking the right steps and working with the right professionals means setting oneself up for success with the least amount of hiccups. With a home being one of the largest purchases one will make in…
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Whether one is a first-time home buyer or planning to buy a home again being prepared to apply for a mortgage is important as it can save time and money. Preparation is half of the battle and in this article home buyers can find straightforward steps to use depending on the time available with which they…