What Is an All-In-One Mortgage?An all-in-one mortgage is a mortgage that allows a homeowner to pay down more interest in the short-term while giving them access to the equity built up in the property. It combines the elements of a checking and savings account with a mortgage and home equity line of credit (HELOC)...
Author: Eric
Using a reverse (HECM) mortgage to purchase a home
How to use a reverse (HECM) mortgage to purchase a new home.
Qualify for a mortgage with rent payments
Qualify for a mortgage through a consistent rental history through Fannie Mae's new underwriting guidelines
Reverse Mortgage to Purchase
HECM for Purchase is a reverse mortgage that allows seniors to purchase a new principal residence using proceeds from a reverse mortgage.
Real Estate Investing 101
Financing: When you purchase an investment property you can expect to pay a higher mortgage rate that someone buying a primary residence. For a single-family home expect to pay a .5-.75% higher rate. For a multi-unit home (2-4 units) expect to pay a 1-1.5% higher rate. You can also expect...
The Fed May Meeting
The Fed promised, and they delivered. At their most recent meeting, the Fed moved policy rates up by 0.5%, just as they've been saying. Because it was expected, interest rates had moved in advance, including those for home mortgage loans. For the time being mortgage rates eased but they...