Long-term interest rates are near historic lows, making it a good time for investors to refinance your investment property. You can increase the equity in your investment property by remodeling or you can convert the equity into cash to invest in additional properties.
The Home Buying Process: Step by Step
by Clayton Closson on September 15, 2006 in Home Buying
If you've never bought a house before, you're probably very intimidated by the idea. Do you know what you should look for in a home? How to find the right real estate agent? How to get financing for the home? Many first-time home buyers don't where to start. But it doesn't have to be scary or difficult. Here's a step-by-step breakdown.
Choosing the Right Option ARM
by Clayton Closson on September 8, 2006 in Home Buying
There are literally hundreds of mortgage loan “products” in the market these days, many of which are structured to provide homeowners flexibility. Option ARMs are made specifically to offer flexibility. But everyone is different and has different needs, so there isn't a one-size-fits-all. How do you choose the right Option ARM?
Maintain Your Credit After Divorce or Loss of Spouse
by Clayton Closson on September 1, 2006 in Homeowners Tips
If you have ever suffered the loss of a spouse due to death or divorce, you know there are many things you have to take care of to ensure your financial security. One of those is to make sure your credit is in good standing and stays that way. Here are a few tips.
Too Much Debt Is Bad for Your Credit
by Clayton Closson on July 21, 2006 in Homeowners Tips
Regardless of whether you pay your bills on time, having a high debt ratio can be bad for your credit rating and can hurt you when you try to get a mortgage. How much is too much?
Homeowners Still Want Fixed Rates, Consolidations Expected
by Clayton Closson on January 18, 2006 in Market Update
Homeowners are still taking advantage of long-term fixed rates to avoid the risk of adjusting rates, as shown by the rise in mortgage applications this week. More are expected to include debts accrued over the holidays with their refinancing.
Should You Pay Points on a Mortgage?
by Clayton Closson on June 10, 2005 in Mortgage Rates
What are points and when does it make sense for you to pay them? How do points affect your mortgage rate? Find out if paying points on your mortgage makes sense for your situation.
Mortgage Misconceptions – Pay Off Your Mortgage As Soon As Possible
by Clayton Closson on April 28, 2005 in Market Update
Don't fall victim to the myths you've heard about handling your mortgage. Read today's myth and find out why it's not always best to pay off your mortgage as soon as possible.
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