It occurs when a loan secured by real estate is provided by a different source than the original lender. First priority is given to the first lender, and the second priority goes to the second lender. Whenever the property is sold, the first lender is entitled to receive the equity therein. You may lose your … Read more
Home renovations are expensive and often go above the budget due to the human tendency to desire the best. Money is no object, unfortunately, to a few. Many have to work on a restricted budget. Careful planning culminated by intelligent choices is the only way to save money during your home renovation significantly. Below are … Read more
If you’re a new homeowner and not a finance professional, you may be new to refinancing a mortgage. In layman’s terms, refinancing is taking out a new mortgage to replace your old one. You may not know that there’s actually no legal limit to how many times you’re allowed to refinance. But that doesn’t necessarily … Read more
For many years, whether or not millennials would ever fully enter the home buying market has been a hot topic. Compared to previous generations, many millennials are still would-be first-time homebuyers. And, the housing market has long been awaiting their arrival. Has the time finally come for millennials previously unable to do so to buy … Read more
Are you in a situation and wonder whether to pay off debt or save for retirement? If so, this article is for you. Being able to retire means having enough passive income to cover your monthly expenses. Since debt payments eat into your monthly surplus, paying off debt is as essential as saving for retirement. … Read more
Are you thinking of investing in real estate? Maybe buying a home, or wondering what you’ll need to get organized for a mortgage? If so, you’ve come to the right place. In this article, I aim to give you, the reader, as much information as you might need before applying for a mortgage. Before delving … Read more
If you’re like millions of others, you’ve probably wondered, at least at some point, how to improve your credit score. My goal is to discover and pick apart all the moving parts that make up a credit score in this article. Your credit score is just one piece to improve from your financial puzzle. However, … Read more
COVID19 has impacted millennials’ finances in a way that no one could have predicted. The world has been hit with the full force of this pandemic, emotionally, physically, and economically. If you’ve found yourself in a difficult position financially for any reason, it can be extremely stressful and daunting. Try not to worry, as there … Read more
FHA loans and VA loans are mortgage loans insured by the government and available for potential homebuyers. FHA loans are available to lower-income borrowers and typically require a very low down payment. Also, borrowers get competitive interest rates and loan costs. VA loans are available to veterans and their spouses or widows/widowers. VA Loans require … Read more
Are you wondering what is a HELOC? A HELOC, or Home Equity Line of Credit is a line of credit secured by your home. For example, if you have a HELOC with a $50k limit, and you use $10k, then you have $40k remaining. If you pay off the $10k, then you are back to … Read more
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