What if Spouse Stops Paying Mortgage During Divorce​?

The stress of divorce can be challenging, especially when financial obligations like mortgage payments become contentious. A common issue arises when one spouse ceases to contribute to the mortgage during divorce proceedings, potentially jeopardizing both parties’ financial stability and creditworthiness. Understanding the implications of such actions and exploring available remedies is crucial for anyone facing … Read more

Can You Charge the Title Name on a Mortgage Loan​​?

fha home buyer

​Changing the name on a mortgage loan title is a significant legal process that alters property ownership records. This procedure can be necessary due to life events such as marriage, divorce, or personal preference. Understanding the steps involved and the implications of such a change is crucial for homeowners considering this action.​ Understanding Property Titles … Read more

Should I Cash Out My 401k to Buy Rental Property​​​​​?

401k investment property

​Cashing out a 401(k) to purchase rental property is a decision that carries significant financial implications. While the allure of real estate investment is strong, it’s crucial to weigh the immediate benefits against potential long-term costs. Understanding 401(k) Withdrawals A 401(k) is a retirement savings plan sponsored by employers, allowing employees to save and invest … Read more

The Ultimate Guide to Personal Loans

Consumers across the U.S. are applying for personal loans to get money. If you need cash and don’t want to max out a credit card or pull equity from your home, what should you do? Another option is a personal loan. A personal loan is an unsecured loan that you can receive at various interest … Read more

What Does Fed Rate Cut Mean?

federal reserve

A Federal Reserve rate cut refers to the decision by the Federal Open Market Committee (FOMC) to lower the target range for the federal funds rate, the interest rate at which depository institutions lend balances to each other overnight. This monetary policy tool influences various economic factors, including borrowing costs, consumer spending, and overall economic … Read more

How to Compare Mortgage Loan Estimates​ Online

mortgage loan estimates

Blazing the trail to homeownership is both exhilarating and daunting. One of the most critical steps in this process is securing a mortgage loan that aligns with your financial situation and long-term goals. 5 Keys Steps to Compare Mortgage Loan Estimates Online With the plethora of options available online, comparing mortgage loan estimates can seem … Read more

Are Rent-to-Own Homes Legit?

rent to own homes

For many aspiring homeowners, the rent-to-own model appears to be an attractive alternative to traditional home buying. This arrangement allows tenants to rent a home with the option to purchase it later, giving them time to improve their credit score, save for a down payment, and secure financing. However, rent-to-own agreements come with both advantages … Read more

Can You Refinance a Home Equity Line of Credit?

Homeowners value the home equity line of credit because it offers a revolving credit line and borrowers don’t have to refinance their primary mortgage to get cash out. The HELOC is always secured by the borrowers home equity and lenders allow them to borrow funds as needed during a draw period (typically 10 years), followed … Read more

How to Get a Hard Money Loan

hard money

Hard money loans are short-term, asset-based financing options primarily used by real estate investors, house flippers, and developers to fund projects like fix-and-flip properties, rental acquisitions, or construction. Unlike traditional mortgages, which focus on a borrower’s credit and income, hard money loans prioritize the value of the property used as collateral, making them accessible to … Read more