Mortgages

Leveraging debt is one of the most popular ways people expand their real estate portfolios. But is there a limit to how many mortgages you can have? Traditional financing allows you to finance up to 10 properties at a time, …

How Many Mortgages Can You Have? – A Guide For Investors Read More »

If you’re in the process of buying or refinancing a home, you will most likely come across a line item on your loan estimate that says “prepaid interest”. Prepaid interest is the daily interest that accrues on your loan between the date …

Prepaid Interest On a Mortgage Explained: How it Works and How to Calculate It Read More »

Reverse mortgage programs have increased in popularity with seniors who have a decent amount of equity in their homes who may want a second stream of income for their retirement. This brings us to the topic of home equity conversion …

Home Equity Conversion Mortgage (HECM): Details, Features, and Requirements Read More »

Conventional and FHA loans are the two most popular loan options you will see when you get ready to purchase a house or refinance your mortgage. Let’s take a look at the two mortgage programs and see their features along …

Conventional Loan vs. FHA:[Differences, Similarities, Features] Read More »

There are different FHA home loans that are available to borrowers. As a result, it can get quite confusing when you’re looking at your possible loan options. The Federal Housing Administration’s mortgage programs have helped millions of borrowers purchase their first home. …

What is an FHA 203(b) Loan?| Requirements, Details, and Limits Read More »

Summary What is an FHA FHA 203(k) Loan? An FHA 203(k) loan, also known as a mortgage rehab loan, is used to finance the purchase and renovation of your primary residence. FHA 203(k) rehab loans are government-insured, and as a …

What is an FHA 203(k) Rehab Loan? How does a 203(k) Loan Work? Read More »

You have just moved out of your apartment and finally purchased your home. Payments on your mortgage have started and you are happy that you no longer have to think about the cost of your rent going up. Or do …

Can Your Mortgage Go Up? 7 Reasons Your Mortgage Payment Can Change Read More »

When it comes to mortgages, it’s important to understand the difference between prime and subprime mortgages. Whether you’re a consumer, investor, or lender, knowing the different qualifications and differences can help you make better financial decisions. Summary What is Considered …

Prime vs Subprime Mortgages – [Features, Types, and Differences] Read More »

If you’re in the process of getting a mortgage you might notice that your lender lists the interest rate and the APR. You might think to yourself: What’s the difference between the APR and the interest rate? It’s important to …

APR vs Interest Rate – [ Fees, Calculations and Examples ] Read More »