16
Feb
By Jim Hasek
Mortgage, ,

Why You Receive So Much Junk Mail After Closing On Your Home

Congratulations! You have finally closed on your home loan, and you are excited to get moved in. Or, you may have just refinanced your home, and you are excited to enjoy it. Regardless, all of a sudden, you start to get a bunch of junk mail in your mailbox. It can be frustrating to sort through everything, and how did they get your information in the first place?  Where Junk Mailers Get Your Personal Information First, there are a few locations where junk mailers may have gotten your personal information. Once your property deed is recorded, it goes into the…
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15
Feb
By Jim Hasek
Mortgage Tips, ,

Thinking About a New Home? 3 Reasons Why a Mortgage Will Be the Best Money You Ever Borrow

In these days of low interest rates, it can be a great idea to get into the real estate market and invest in a home. However, if you don't have the funds saved up to buy a home outright, it may seem like more of a burden than it's worth. The good news is that you might qualify for a mortgage loan, which tends to come with more favorable terms than a traditional bank loan. Here are three reasons why a mortgage might just be the best money you ever borrow. Taking Advantage Of Low Interest Interest rates have been…
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14
Feb
By Jim Hasek
Mortgage,

What To Know About The 2-1 Buydown Program

You are probably excited to close on your home, but you may have also seen that your interest rate might be a bit higher. If you are looking for a way to save money, particularly if you have a lot of work to do on the home, you might be looking for a way to reduce your interest rate during the first couple of years. One option is to perform a 2-1 buydown. What do you need to know about this option, and how do you know if it is right for you? How A 2-1 Buydown Works This is…
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10
Feb
By Jim Hasek
Home Mortgage Tips, ,

3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

Whether you have recently graduated from college or are getting close to retirement, it's likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying real estate as part of your portfolio? In today's blog post we'll have a look at three reasons why real estate investing is one of the most effective ways to grow your overall net worth. Reason #1: It Generates Passive Income One…
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09
Feb
By Jim Hasek
Mortgage, ,

What Is an Assumable Mortgage Loan: What You Need To Know

Everything has its benefits and drawbacks, and that includes mortgage loans. There are plenty of options available, and you need to find the best one to meet your needs. You have probably heard about conventional mortgages, FHA loans, and even VA loans. On the other hand, have you heard about assumable mortgages? What do you need to know about this option, and how do you know if it is right for you?  An Overview Of An Assumable Mortgage So, what is an assumable mortgage loan? This means that the buyer is responsible for taking over the mortgage obligations of the…
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08
Feb
By Jim Hasek
Mortgage, ,

ITIN Loans: Are These Loans Right For You?

As you take a look at your mortgage options, you might find that a conventional mortgage presents a few qualification challenges. Fortunately, there are other options available, and you might be able to pursue an ITIN loan. This stands for Individual Tax Identification Number, and Individual Tax Identification Number loans could be beneficial for people cannot get approved for a qualified mortgage. What do you need to know about the process? What Are The Requirements Of An ITIN Loan? First, you need to get an Individual Tax Identification Number. While you do not need a Social Security Number, you might need to fill…
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