The fundamental difference between a multi-family property and a single-family residence is the potential to generate income. Investors and business-oriented individuals interested in real-estate have been affected strongly by the changes of today’s lending environment, but they continue to buy more properties. Multi-family homes may be a risky investment, but it is also potentially lucrative […]
Income Requirements
Advice for First Time Home Buyers: Find a Mortgage Co-signer
What can you do if the house you want to buy is just a little bit more expensive than the biggest sum you’re allowed to borrow, based on your income and credit history? Don’t worry, there’s a way out of this tight spot, provided you have someone to help you out. Some types of loan […]
Mortgage Loans for Business Owners: Difficult, but not Impossible
Before 2007, it was comparatively easier to get a mortgage as a business owner, or any other type of self-employed professional. Entrepreneurs may enjoy a lot of flexibility and financial autonomy in their careers; however, the downside to that is that many of them write off as much as they can, in order to keep […]
Bloomberg News Article Review: Mortgage Rates
How important is the mortgage rate in your decision to buy a home? In a recent article by Bloomberg News (https://www.bloomberg.com/news/2013-11-05/bernanke-giving-homebuyers-second-chance-with-pledge-mortgages.html) Katleen Howley brought up a point of view I found troublesome. The article spoke about the fluctuations of home mortgage rates. It cited a potential homebuyer who decided not to buy due to a […]