Bryan Dornan 
The rise of Airbnb and other short-term rental platforms has provided homeowners with new opportunities to generate additional income by renting out their homes. However, if you have a mortgage on your property, you may wonder whether you can legally and practically rent your house on Airbnb. This article explores the various considerations, including mortgage … Read more
Placing a house in a trust is a common estate planning strategy that can help manage assets, reduce estate taxes, and avoid probate. However, if the property has an existing mortgage loan, the process can be slightly more complex. This article will guide you through the steps of putting a house with a mortgage into … Read more
Many homeowners want to know if they still are allowed to deduct mortgage interest on a second home or investment property. If you are considering buying a second home it makes sense to address the potential tax advantages before you invest money and get a mortgage. Tax Deduction on Mortgage Interest for Second Homes Owning … Read more
There are thousands of consumers in the United States looking for private money lenders because they do not fit in a perfect conventional loan box that most banks and credit unions are promoting. Smart Lending has been connecting consumers with competitive private lending companies for more than two decades. Many borrowers are unable to achieve … Read more
The home equity loan is one of the best kept secrets for purchasing a second home or rental property. Savvy homeowners and real estate investors have been taking out home equity loans to mee the down-payment requirements of vacation homes and investment properties for decades. If you are wondering how to leverage a HELOC or … Read more
For almost a century, borrowers in the United States have been reaping the benefits of the FHA mortgage refinance programs a variety of financial goals. Whether it’s a lower interest rate, cash out, or an affordable monthly payment, millions of borrowers have chosen the FHA refinance mortgage above other options. Refinancing an FHA mortgage can … Read more
Wondering whether you should refinance and cash-out with a new mortgage? Check out our detailed guide to learn all the ins and outs of such a loan. You can refinance and cash out if you’ve built equity in your home. It’s common for people to refinance their mortgage and take cash for significant expenses. Whether … Read more
Are you trying to obtain a home loan? Read this article to learn everything you should know about credit score for mortgage requirements. Anyone working towards homeownership knows how obtaining a mortgage can be both exciting and challenging. And among all the factors that could sway the deal terms, credit score is the one that … Read more
Do you want to get a mortgage or refinance but have a low credit score? Unfortunately, a low credit score can hold us back from many of our financial goals. But increasing your credit score considerably isn’t as difficult as you might think. Learn below about raising your credit score from 500 to 700, then … Read more
If you are an older homeowner, you may have heard of reverse mortgages. Perhaps you’ve seen Henry Winkler or Tom Selleck selling reverse mortgages on TV. Reverse mortgages can be a useful source of income for someone who owns their home outright. After all, the typical Social Security check is only about $1,700 per month, … Read more
With first mortgage rates trending upward, many homeowners are choosing a home equity loan to pay off high rate debts like credit card interest. In 2024, many Americans have too much credit card debt. About 50% of all credit card holders in the US carry a monthly balance, with more than 50 million people carrying … Read more
Many Americans want to buy a home. But many Americans also carry credit card debt. You may wonder if you can have credit card debt and get a mortgage. In most cases, the answer is yes, but you should understand how consumer debt can affect your ability to get a mortgage. Borrowers want to know … Read more