If you have a car loan from a bank, you may be able to refinance it with the same bank. This allows you to lower your interest rate and may even give…
Can I Split My Land If I Have A Mortgage?
If you have a mortgage on your property, you may be wondering if you can still split the land. The answer is yes, you can still split your land even if you…
Do I Need My Spouse’s Signature on a Mortgage in Florida?
When buying a home in Florida, you may be wondering if your spouse needs to sign the mortgage agreement. In most cases, the spouse does not need to sign the mortgage agreement….
Do you need a down payment when porting a mortgage?
If you are looking to port your mortgage, you may be wondering if you will need to provide a down payment. The answer to this question depends on several factors, including the…
Does a bonus count as salary for a mortgage?
When you’re looking to buy a home, one of the first things you need to consider is whether to take out a mortgage. There are pros and cons to taking out a…
Understanding the Relationship Between Mortgage Rates and Fed Rate Hikes
The Federal Reserve increased the benchmark federal funds rate by a quarter point (.25%) yesterday. As a result, some may have expected consumer mortgage rates to also rise by 25%. The Fed’s…
Does having an overdraft affect getting a mortgage?
An overdraft is a facility that allows you to withdraw money from your account even if you don’t have enough funds to cover the transaction. This can be helpful in an emergency,…
How a Divorce Can Affect a Reverse Mortgage?
Reverse mortgages are a type of mortgage that allows consumers to borrow money against their home equity in order to purchase a property or to improve their home. When a marriage ends,…
How does porting a mortgage work?
Mortgages can be ported from one lender to another, depending on the terms and conditions of the mortgage. A mortgage port can be a quick and easy way to switch lenders, and…
How long does it take to do a reverse mortgage?
A reverse mortgage is a loan that allows homeowners to borrow against the equity in their home without having to sell it. The loan is repaid once the home is sold or…