Non-QM loans: a flexible path to homeownership Non-QM mortgages are flexible loan options designed for people who don’t fit the standard income or credit mold–and it may be the key that finally gets you into a home. Maybe you’re self-employed and write off a lot of business expenses. Maybe you freelance, drive for Uber, or [...]

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How do I price my home for sale? If you want to sell your home sooner rather than later, it’s important to price your home effectively. Too high of a price may discourage buyers and cause your home to stall on the market, while too low of a price could burn any potential profits. To [...]

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Can energy-efficient homes qualify for special mortgages? In addition to being better for the environment and your wallet, energy-efficient homes can get you unique and cost-effective home loan financing. Whether you’re purchasing a home to make it more eco-friendly or refinancing with energy upgrades, energy-efficient mortgages (EEMs) allow buyers to qualify for special loans that [...]

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Do I have to pay mortgage insurance if I put down less than 20%? In most cases, mortgage insurance is a requirement when a homebuyer’s down payment is less than 20 percent. Some loans don’t require it, and some down payment assistance programs can also contribute enough to cover the balance. You may even be [...]

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How do I buy a second home? If you want to get a second home, expect the financing to be different from your primary residence. Buying a second home may require you to provide more down payment, possess a higher credit score and declare whether you’ll be using it for vacation or an investment. Depending [...]

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What are the pros and cons of a reverse mortgage? Home Equity Conversion Mortgages (HECMs) are reverse mortgages that help homeowners who are 62 and up* use equity in their homes—without mandatory monthly mortgage payments**. Some of the pros for a reverse mortgage include easy and flexible access to home equity, and zero or deferred [...]

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Does a pool add value to your home? Adding an in-ground pool can boost your home’s value, but it isn’t a one-size-fits all solution, and can easily turn into an expensive, time- (and space)-consuming nuisance. A pool can add value if you live in a warmer state, your neighbors have them and you can afford [...]

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How can I use my home's equity? Home equity is the actual financial amount of the home you own, so it can be used like the returns on any other investment. Because it’s not as accessible as your checking account and you worked hard accruing it, it’s best to limit its use to home improvements, [...]

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