If you want to become a homeowner but are facing challenges when it comes to qualifying for a mortgage, a joint mortgage can help you get your foot in the door of ownership. When you sign on to a mortgage with another party, you can combine your income and debts in order to improve your … Read more
When it’s time to move, many homeowners are faced with a conundrum. The cash that they’ll receive from the sale of their current home is necessary for the downpayment and financing of their new home. However, this creates a lag period where they must find temporary housing, which can be expensive and destabilizing. One solution … Read more
What’s the first thing you do when you’re thinking about buying a home? If you’re like 44% of home buyers, you look online at the various properties for sale. Then, you might contact a real estate agent and do some research about the home buying process online. The next step is, for many home buyers, … Read more
The coronavirus pandemic impacted the U.S. economy in countless ways, and the real estate industry was no exception. With low inventory and historically low mortgage interest rates, competition for homes across the country was at an all-time high. At the same time, many American homeowners also took the opportunity to refinance their homes to lock … Read more
In 2020, the average amount of consumer debt in the U.S. reached record levels. Consumer debt grew to just under $14.9 trillion after the economy plunged into a recession instigated by the coronavirus pandemic. Taking on debt can be a necessary financial step for many Americans, and can even be used as a tool to … Read more