You want to get out of debt, including your mortgage, so you think it may be a good idea to use your 401K savings. While we are all for consumers getting out of debt, the one time we wouldn’t recommend that you pay off your mortgage is if you have to use your retirement funds to do so. Your 401K funds should be left untouched until you are at least 59 ½, if not later.Get … [Read more...] about Is it Wise to Use a 401K to Pay Off Your Mortgage?
At some point in your homeownership you will likely need to know your property lines. Whether you have a beef with your neighbor and you want to prove a point or you just want to know where a safe place is to build a shed or place a fence, you’ll need the official property lines.Get Matched with a Lender, Click Here.If you still have your property deed or the survey you … [Read more...] about How to Find Property Lines Online
Each time you apply for new credit, the creditor puts an inquiry on your credit report. You might not think it’s a big deal, but it does affect your credit score. If you have too many inquiries, it could seriously damage your credit score.Looking for Current Mortgage Interest Rates? Click Here.So how long do these inquiries stay on your credit report? Typically, they … [Read more...] about How Long do Hard Inquiries Stay on Your Credit Report?
You decided you are ready to get in on real estate investing. You have friends that are making money hand over fist and you want in on it too. The problem is that you don’t have any liquid assets; everything is tied up in your home. Can you tap into that equity to buy a house?Get Matched with a Lender, Click Here.The answer could be ‘yes,’ if you qualify. Many lenders … [Read more...] about Can you Use Home Equity to Buy Another House?
A home equity loan gives you access to the equity you have in your own. Your equity is the difference between your outstanding mortgage balance and the value of your home. If you’ve paid down a good portion of your mortgage balance and/or your home appreciated, you may have a significant amount of equity in your home.Looking for Current Mortgage Interest Rates? Click … [Read more...] about Can You Use a Home Equity Loan for Anything You Want?