16 May 2025
By Tawnya King

Eco-Friendly Mortgages To Finance Green Homes

Mortgage Tips
As more homeowners seek sustainable living options, eco-friendly mortgages have become a valuable tool for financing energy-efficient homes. These specialized loans offer financial incentives to buyers and homeowners who invest in environmentally friendly properties or upgrades. Understanding how these mortgages work can help you determine if they align with your homeownership and sustainability goals. What Are Eco-Friendly Mortgages?Eco-friendly mortgages, also known as green mortgages, are designed to encourage energy-efficient homeownership. Lenders offer these loans to homebuyers purchasing energy-efficient properties or homeowners making upgrades to improve energy conservation. These loans often come with lower interest rates, higher borrowing limits, or flexible…
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14 May 2025
By Tawnya King

Creative Ways to Finance a Home Renovation with Your Mortgage

Mortgage Tips
Renovating a home can be an exciting yet costly endeavor. Whether updating an outdated kitchen, adding more living space, or improving energy efficiency, homeowners often seek financing options that make renovations more affordable. One strategic way to fund home improvements is by leveraging your mortgage. Several loan programs and refinancing options allow homeowners to roll renovation costs into their mortgage, making upgrades more accessible and financially manageable. 1. Renovation LoansRenovation loans combine the cost of home improvements with the mortgage, allowing homeowners to finance both under a single loan. Some of the most popular options include: FHA 203(k) Loan –…
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13 May 2025
By Tawnya King

The Rise of Mortgage Payment Protection Insurance

Mortgage Tips
For many homeowners, a mortgage is one of the largest financial commitments they will ever undertake. With economic uncertainty, job market fluctuations, and unforeseen life events, many borrowers seek additional safeguards to ensure they can meet their mortgage obligations. One such safeguard that has gained prominence in recent years is Mortgage Payment Protection Insurance (MPPI). What is Mortgage Payment Protection Insurance?Mortgage Payment Protection Insurance (MPPI) is a type of insurance policy designed to cover a homeowner's mortgage payments in the event of income loss due to circumstances such as unemployment, illness, or disability. Typically, these policies provide coverage for a…
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12 May 2025
By Tawnya King

What’s Ahead For Mortgage Rates This Week – May 12th, 2025

Financial Reports
Over the weekend, the recent talks with China and the U.S. about the recent tariffs have been said to be making progress recently in Geneva, leading to restoring some stability across all sectors and markets. The prior week, the FOMC decided not to change the rates and that will likely be the case in the foreseeable future. While having less presence due to the current economic climate, this week's CPI and PPI inflation data releases remain as important as ever. These reports will offer insight into the recent impact of the trade war and help inform expectations for the near-term…
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09 May 2025
By Tawnya King

Explaining Mortgage Options for Self-Employed Borrowers with Irregular Income

Mortgage Tips
Securing a mortgage can be challenging for self-employed borrowers, especially those with irregular income. Traditional lenders typically rely on W-2s and steady paychecks to assess financial stability, which can make qualifying more complex for business owners, freelancers, and gig workers. However, several mortgage options cater specifically to self-employed individuals, allowing them to secure financing based on alternative income verification methods. Challenges for Self-Employed BorrowersLenders evaluate mortgage applicants based on income consistency, tax returns, and debt-to-income (DTI) ratio. Self-employed borrowers often face hurdles such as: Fluctuating income that makes it harder to demonstrate financial stability Tax deductions that reduce taxable income,…
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08 May 2025
By Tawnya King

The Impact of Rental Income on Mortgage Qualification

Mortgage
For real estate investors and homeowners looking to purchase additional properties, rental income can play a crucial role in mortgage qualification. Lenders often consider this income when assessing a borrower’s ability to repay a loan, but the way it is calculated and applied varies based on different loan programs and underwriting guidelines. Understanding how rental income factors into mortgage approval can help buyers maximize their borrowing potential and secure favorable financing terms. How Lenders Assess Rental IncomeLenders typically evaluate rental income based on documentation such as lease agreements, tax returns, and property appraisals. The amount of income they recognize depends…
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