Mortgage

23 Jun 2022

A Home Loan For an AirBnB Property: What To Know

Mortgage

If you are looking for a way to diversify your investments, you might be thinking about buying a rental property. One of the most common rental options is AirBnB. Given the number of people who use AirBnB, this could be a great way to generate a steady stream of short-term renters. On the other hand, can you take out a loan to buy an AirBnB property? There Are No Mortgages Specifically For AirBnB Properties First, understand that there are no home loans available specifically for AirBnB or VRBO properties. If you go to a lender and ask for an AirBnB loan, they will direct you to a…

17 Jun 2022

By Tawnya King

Updating Your Home: The Top Options

Mortgage

If you want to improve your quality of life while also increasing the value of your home, you might be interested in updating it. You probably want to live in a home that is well-designed, and a prospective buyer wants the same thing. Unfortunately, performing a major renovation can be time-consuming and expensive, but there are more cost-effective ways to update your home. What are a few of the top ideas? Paint Your House One of the first ways you can update your home is to give it a fresh paint job. If you have an older home, a fresh…

15 Jun 2022

By Tawnya King

Get Your Mortgage Paid Down Faster With These 5 Simple Money Saving Strategies

Home Mortgage Tips

The monthly mortgage payment can be burdensome for many, but it's possible you've thought of trying to pay it down more quickly. Without getting a new job or working overtime, here are some tips you can use on a daily basis to save additional funds and pay off your mortgage at a swifter rate. Make Your Lunch The five or ten dollars spent on lunch might not seem like a lot, but over time this amount adds up to a lot of savings. Instead of hitting the cafe, pick one or two nights each week to prepare a lunch for…

14 Jun 2022

By Tawnya King

What Are The Advantages Of Owning A Multifamily Property?

Mortgage

It is important for everyone to diversify their investments. One of the ways to do so is to invest in real estate. There are numerous types of properties, and one of the most attractive options is a multifamily property. Even though it might seem like a challenge to manage such a large property, there are several benefits of multifamily properties everyone should keep in mind. Hiring A Property Manager One of the first advantages of purchasing a multifamily property is the potential to hire a property manager. With more families living in the building, it might be worth it to…

07 Jun 2022

By Tawnya King

The Majority Of Millennials Plan On Buying A House In The Next Few Years

Mortgage

During the past year, the housing market has been on fire. There are not a lot of houses for sale, many people are interested in moving, and there is a rising demand from the people who put off moving during the coronavirus pandemic. Furthermore, Millennial demand is picking up, which will only make the housing market even hotter. Recently, a survey found that approximately two-thirds of people who qualify for Generation Y are thinking about buying a home in the near future. Many of them have improving financial circumstances, and they are looking for a way to build wealth and settle…

03 Jun 2022

By Tawnya King

Should You Use A Home Equity Loan To Buy A Vacation Home?

Mortgage

If you are looking for a way to diversify your investments while also making it easier to go on vacation, you may have thought about purchasing a vacation home. Saving up enough money for one house was already hard enough, so how are you going to save up money for a second house? If you have owned your primary residence for a while, you might be able to take out a home equity loan. Then, you could use this to purchase a vacation house. How Does A Home Equity Loan Work? A home equity loan allows you to borrow against…

01 Jun 2022

By Tawnya King

Make Modifications To Age In Place With A Home Equity Loan

Mortgage

There are a lot of people who would like to remain in their homes for as long as possible. Unfortunately, a traditional home may have a few features that can make it difficult for people to stay in their homes as they get older. There are some modifications that can be done relatively easily to reduce the risk of falls. This includes adding handrails, improving the lighting, and even adding seats in the shower. Unfortunately, some modifications, such as making a home wheelchair accessible, can cost thousands of dollars. A home equity loan can make this process much more affordable.…