How Does an Assumable Mortgage Work? WRITTEN BY ASHLEY SUTPHINPOSTED ON WEDNESDAY, 08 NOVEMBER 2023 00:00 Mortgage rates have doubled during the past year, and it’s making it harder to buy a home. The payments are higher, and some applicants don’t qualify for a loan because a lender will look at their potential monthly payment compared to whatever their income is. Assuming an existing...
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What Exactly Is ‘Private’ Lending? WRITTEN BY DAVID REEDPOSTED ON THURSDAY, 09 NOVEMBER 2023 00:00 You may or may not have heard of the term ‘private lending.’ It is in fact a necessary player in real estate finance but often it’s misunderstood. It’s also sometimes referred to as ‘hard’ money while both terms are interchangeable. What is private lending and why is it so...
Your Credit Score Matters Taking good care of your credit score starts with making wise credit decisions and developing healthy credit habits: pay your bills on time, don't max out your credit cards, work with lenders to avoid delinquencies and collections, and don't apply for multiple loans and credit cards at the same time. Good credit can make it easier to get what you want-be it a new house, car,...