As interest rates have risen, temporary buydowns have become an option that some sellers and buyers may consider. A 2-1 buydown is a concession that can be negotiated with sellers to incentivize buyers. A 2-1 buydown essentially allows borrowers to make a lower...
Real estate has become one of the most popular types of investments, so if you’re considering purchasing a rental property, you are far from alone. However, to be successful at this type of investment, preparation is key. Potential investors must understand...
Real estate investments come in many forms, such as fixing and flipping homes or owning rental properties. For those ready to take their real estate investments to the next level, there’s the BRRRR method, which combines many aspects of typical real estate...
Remote work has become a popular option for businesses and workers alike — and this trend was gaining steam even before the COVID-19 pandemic. Since the pandemic, however, the number of remote workers has skyrocketed. What began as a quick solution to stay-at-home...
While it’s not impossible for a self-employed borrower to acquire a traditional mortgage loan, it’s often not easy. Qualified mortgages (QMs) such as conventional loans and FHA loans require a steady employment record and income documentation in the form of tax...
Homeowners struggling to pay their monthly mortgage payments may be eligible for forbearance. Forbearance allows you to reduce or pause your payments for a period of time, allowing you some relief to build back your finances and resume payments. During the...
Buying your first, or next home, is a life-long dream for many Americans, and thanks to the River City Seal of Approval, that dream just became a whole lot easier. Getting mortgage pre-approval is one of the best things you can do to simplify the homebuying...
Before you begin the homebuying process, you probably aren’t thinking much about how to choose a mortgage lender. After all, you have plenty of options. However, once you’re faced with the decision, things may feel a bit more confusing. How do you find someone you can...
Choosing a mortgage lender is an important decision. While picking the first lender you find may feel like you’re simplifying the process, this may cost you significantly in the long run. The right mortgage lender for you will make it easy to communicate and ask...
If you’re beginning the homebuying process, you’ve probably heard the words “pre-qualified” or “pre-approved” thrown around in relation to getting a mortgage loan. Pre-approval for a mortgage is an essential first step in purchasing a home. It allows you to understand...