Mortgages

When A Higher Mortgage Rate Might Make Sense

When mortgage rates increase, the last thing homeowners want to do is consider applying for a new mortgage But that could be a mistake, especially if you have equity in your home and are looking to... more

When A Higher Mortgage Rate Might Make Sense
Homeownership

How to Use Your Home Equity To Buy Another House (Investment or Second Home)

Do you have plans or dreams to purchase another house — whether investment property or a second home — and looking for creative ways to finance the purchase This is a very common question among... more

How to Use Your Home Equity To Buy Another House (Investment or Second Home)
Homeownership

Three C’s of Underwriting And How They Impact Your Mortgage Application

Capacity, Credit, and Collateral are the three C’s of underwriting Since they can significantly impact your mortgage application, you should take the time to understand how they are used in the... more

Three C’s of Underwriting And How They Impact Your Mortgage Application
Homeownership

Home Equity Agreements — what are they and why should you care?

Equity sharing agreements — also known as home equity investments (HEI) — are a relatively new and often misunderstood way to get cash from your home equity Below I will explain what they are,... more

Home Equity Agreements — what are they and why should you care?
Homeownership

5 Ways to Access Your Home Equity

If you’re a homeowner looking to access your home equity for cash, you’ve got a few options to choose from You can pick a HELOC, home equity loan, cash-out refinance, reverse mortgage, or home... more

5 Ways to Access Your Home Equity
Homeownership

When it’s smart to access your home equity with rising interest rates

Just like your doctor shouldn’t recommend that everyone smoke cigarettes, an expert in home wealth management should not recommend that everyone refinance their mortgage This is especially true... more

When it’s smart to access your home equity with rising interest rates
Homeownership

Read These 4 Simple Investment Strategies Before You Invest That Extra Cash

As a homeowner, how do you decide what to do with extra cash to improve your financial situation I ask people about this all the time, and few are confident in their answer Often, they settled on a... more

Read These 4 Simple Investment Strategies Before You Invest That Extra Cash
Homeownership

LTV, DTI, IR, FICO: Four Pillars of Home Financial Wellness

Homeowners often ask, what else is important for my home financial wellness This may come up when accessing home equity, planning for retirement, understanding the right time to refinance, or... more

LTV, DTI, IR, FICO: Four Pillars of Home Financial Wellness
Homeownership

5 Common Mistakes We Heard From Homeowners Who Pay Off Their Mortgage Early

Ever wondered why people who earn millions and can afford to pay cash for their home would still have a mortgage The short of it is because they will be millions of dollars richer after 30... more

5 Common Mistakes We Heard From Homeowners Who Pay Off Their Mortgage Early
Homeownership

Why Savvy Homeowners Track Home Equity Not Home Value

What’s my home worth Whether you’re checking out recent home sales in your neighborhood or snooping a neighbor’s home value on Google, this is what we all tend to focus on It’s the biggest... more

Why Savvy Homeowners Track Home Equity Not Home Value
Homeownership

How to Access Your Home Equity Without a Great Credit Score

Accessing home equity is a hot topic among homeowners we work with — whether for retirement, home improvement, to consolidate debt, make an investment, or pay an unexpected expense Homeowners with... more

How to Access Your Home Equity Without a Great Credit Score
Homeownership

6 Common Mistakes Homeowners Make When Accessing Their Home Equity

Many of us who have owned a home for at least a couple years are sitting on a lot of home equity because of the run-up in home prices over the past decade (even if we also feel poorer day-to-day,... more

6 Common Mistakes Homeowners Make When Accessing Their Home Equity
Homeownership

The Truth About Home Equity Conversion Mortgages

Does the quote above sound like something you may have said I hear some version of this all the time from homeowners that I speak with On the one hand, the run-up in home prices since 2012 has left... more

The Truth About Home Equity Conversion Mortgages
Homeownership

Why Wealthy People Have Mortgages

Why would someone who makes millions of dollars per year, and could easily pay for their house in cash, still have a mortgage Said another way, why do rich people feel so strongly about taking on... more

Why Wealthy People Have Mortgages
Homeownership

Debunk a common myth of PMI

In this blog, I want to debunk a common myth that we often hear from homeowners: you have to wait 5 or 10 years before you can stop paying private mortgage insurance (PMI) Not true! I confess: my... more

Debunk a common myth of PMI
Homeownership

9 Ways to Save Money on Homeownership in an Uncertain Economy

There’s a lot of anxiety brewing about the economy right now It’s understandable — inflation is high, interest rates increased quickly, companies have announced layoffs or hiring freezes... more

9 Ways to Save Money on Homeownership in an Uncertain Economy