If you need cash in the bank for your retirement, you may be wondering whether downsizing or a reverse mortgage might be the right choice for you. Downsizing will let you sell your existing house and purchase a new house (or condo) in its stead, while a reverse mortgage is like a loan that you take out against your house. Here's how you can decide on which is the best option.
When you have equity built up in your property it is common to borrow money and refinance on the home. This is kind of like borrowing money from yourself, but it isn't always easy to find a bank that likes to offer mortgage refinances. Here are some of the things that you want to do so that you can be smart about refinancing the property, and to find the best bank and refinance mortgage provider for your needs.
If you are thinking of buying your first home, one of the most important decisions you will need to make is what type of mortgage to apply for. There are conventional mortgages, VA mortgages -- and a favorite of first-time home buyers: the FHA loan. In many cases, an FHA loan is the best choice for a first-time home buyer. Here is why. 1. You don't need as large of a down payment.
Whether you are planning to expand your business or you want to do a complete overhaul of your office building, chances are that you're going to need a commercial real estate loan to make your upcoming construction project a reality. Luckily, you can use your assets to secure a loan that will meet your expectations both now and in the future. Following are a few different kinds of assets that may be considered as collateral when securing the commercial real estate loan you need.
Have you recently been contacted by a family member about them being in jail? If so, they may have asked for you to help bail them out so that they can have some freedom before their court date. If you're on the fence about getting a bail bond to help them out, here are some reasons you should do it. They Have A Job The complications of being in jail extend beyond dealing with the charges and appearing in court.
When was the last time you realized you were in the red financially? Although most people don't think about their finances on a day to day basis, it can be easy to find yourself living paycheck to paycheck if you aren't careful. I began thinking carefully about the financial implications of some life decisions I was making, and I knew I had to make a difference. I talked with a loan officer about getting things together, and he was instrumental in helping me to work things out. Read more about my financial successes and failures on this little website. You might be able to avoid some of my previous mistakes.