Qualifying with Self-Employment Income

Looking for mortgages as a self-employed worker is now many times easier. If you’ve tried to do so before, you’ll understand that it’s traditionally a long process with much more paperwork than if you were employed by someone else. Since while self-employed, all expenses will be subtracted from gross income, you will find many more
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Is this a good time to sell a house?

Freddie Mac stated the 30-year mortgage rate averaged 3.75% the week ending July 25, 2019. Interest rates have been staying pretty flat this summer (3.82% as of June 6, 2019). The 15-year rate went from a June 3.28% rate to 3.18% last week. Many are expecting the Fed to lower the Federal Reserve rate (from
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Keep or Sell your old property

After retirement age many people sell their family homes for enough money to buy a smaller, more manageable home.  It begs the question of whether to use equity built throughout the years to pay in full or take on a new mortgage to buy a house you want. On one hand, the thought of utilizing
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Market Updates May 3, 2019

After falling to 14-month lows in the end of March, it’s only natural—and inevitable—that the rates would begin to rise again. In April, the 30-year fixed rates have grown yet again from the lowest of 4.06% to 4.2%. This week, 30-year fixed rates are finally coming down a little and closing the week at 4.14%,
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Residential V.S. Commercial Loans

There is often some confusion when it comes to choosing a Commercial or a Residential loan.  Even though they use the same mortgage system, there’s a completely different set of rules for each one. Residential loans are for one to four-unit homes, condominiums and townhouses.  Commercial loans will cover everything else, such as 5+ unit
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