If homeownership is in your near future, managing your money will be key to securing a mortgage. Here’s how you can make a great first impression with lenders:⁣ ⁣ ✅ Limit your spending and reduce existing debts.⁣ The lower debt payments you have the higher mortgage you can qualify for. ⁣ ✅ Show you’re a […]

Does it make sense to refinance your existing mortgage? ⁣ Yes! There are some circumstances when refinancing your home mortgage may be helpful. MYTH: Now is not the right time to refinance. TRUTH: This depends on your individual situation. For example: Say you didn’t get the lowest rate available when you took out your mortgage […]

Convert your Home Equity to Cash A reverse mortgage is just a first charge on your property. You still own your home and have title to the home. You can access up to 55% of your home’s equity, either as a lump sum payment or you can structure to receive monthly payouts. It’s different from […]

While your credit score and income plays a big role in whether your mortgage application is approved, there are other factors that are just as important. ⁣ ⁣ All lenders consider these “5 C’s” when doing an overall risk assessment of your file. ⁣ ⁣ Collateral → property type, location, marketability⁣ ⁣ Credit → beacon […]