For many, this housing season is a major indicator of what is to come with the economy. If we have another record year where house prices inflate another 20%+, it means the housing market is in full rebound and we are approaching pre-2008 values. If they suddenly plummet and lose all the ground they make, […]

When relocating, whether to the next town or the other side of the country, one of the most important considerations is school district. This is an obvious point for parents, as the school you send your child to is usually one of the primary factors in your location search. But even if you are not […]

Last week, I discussed the most common mortgage programs, including conventional, FHA, and VA. I also discussed rehabilitation, or construction, loans. On Tuesday, I discussed the two most common financing options: fixed rate and adjustable rate mortgages (ARM). Today, I am going to put these two concepts together to discuss the most common types of […]

Last week, I discussed some of the most common types of mortgage programs. This included conventional, FHA, and VA, and I touched on construction, or rehabilitation, loans. These are definitely the most common ways people finance a house, and each targets a specific part of the housing market. Today, I will discuss the most common […]

This is a loaded topic, because mortgage “types” can mean a lot of things to different people. But when I speak to people I meet and tell them I am a mortgage professional, the question of what is the “best” or what is the “most common” type of mortgage usually comes up within five minutes. […]

Many people dream of having a vacation home. A second house somewhere a drive away to go on vacation for free and build equity, turning it into a great long-term investment, too. But there are a few things to consider before you plunge into this kind of purchase. First, you want to consider what it […]

Everyone who buys a house does so with the intention of eventually owning a house – even if it is not the one they just purchased – free and clear. And while the most common mortgage is the 30 year fixed, it takes most people far longer than 30 year to ever own a house […]

Last week, I covered in detail what a Home Equity Line of Credit (HELOC) and a Home Equity Loan (HELOAN) are. They are two common options to obtain a secondary loan to utilize the equity in your home for a major purchase or to act as a safeguard just in case you should ever need […]

On Tuesday, I discussed Home Equity Lines of Credit (HELOCs), which are lines of credit that allow you to access the equity in your home. Today, I will discuss another variation of the home equity product line, the Home Equity Loan (HELOAN). These loans function similarly to the HELOC in many ways: they sit in […]

A Home Equity Line of Credit (or HELOC, for short) is a line of credit which is secured against the equity in your house. Different banking institutions offer different rates and terms based upon the percentage of equity you have available in your home. These lines of credit sit behind your mortgage, allowing you to […]