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When Will Your New Mortgage Show on Your Credit Report?

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If you have a new mortgage, you are probably anxious for it to show up on your credit report. Housing debt can have a positive impact on your credit score, especially as you start making payments on time. Many lenders look at your housing debt as an indication of your level of financial responsibility. Get Matched with a Lender, Click Here. Unfortunately, your new … [Read more...] about When Will Your New Mortgage Show on Your Credit Report?

Do You Pay Taxes on Proceeds From a Cash-Out Refinance?

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If you need to get your hands on some cash and you have home equity, you may consider a cash-out refinance. While you may enjoy the funds, when tax time rolls around, you may find yourself wondering if you have to include the proceeds from your cash-out refinance on your tax return. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to find out what the IRS … [Read more...] about Do You Pay Taxes on Proceeds From a Cash-Out Refinance?

The Impact of COVID-19 on the Residential Real Estate Lending

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COVID-19 changed a lot for people, and not just about their health. Most people’s finances changed too, including the way they get a mortgage. Residential mortgage lending initially saw a dramatic increase in its requirements, making it much tougher for anyone to get a mortgage. As we continue to navigate the pandemic, the requirements aren’t as strict, but many things are … [Read more...] about The Impact of COVID-19 on the Residential Real Estate Lending

Coronavirus Pandemic: How to Get Quick Cash from Your House

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Millions of Americans have little to no cash flow thanks to COVID-19. While it can be scary, if you own a home, you have options. Before you jump in and refinance your mortgage, though, know your options and the requirements. Some lenders tightened restrictions in the face of COVID-19, while others offer the olive branch you need to temporarily ease your financial … [Read more...] about Coronavirus Pandemic: How to Get Quick Cash from Your House

Is it Risky to Buy a Foreclosed Home?

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Buying a foreclosed home could net you a great deal. But is it risky? It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton of work. Get Matched with a Lender, Click Here. Keep reading to learn about … [Read more...] about Is it Risky to Buy a Foreclosed Home?