30 Oct 2018
By Aadil Nathoo

Real Estate Crowdfunding Investment Is Trending

Mortgage, ,
Although the real estate market is currently booming, the last housing bubble burst remains relatively fresh in investors' minds and that has many taking a long look at crowdfunding. One of the lessons that came out of the burst and ensuing Great Recession was that investors were blind to where their money went. If you watched the Academy Award-winning film "The Big Short," then you at least understand Hollywood's hyperbolic explanation of the subprime mortgage crisis. You may be asking: what does this have to do with real estate crowdfunding real investing? Well, everything. Among the key reasons that the…
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16 Oct 2018
By Aadil Nathoo

What To Know About Specialty Mortgages

Mortgage, ,
Recent medical school graduates, saddled by high student loan debt, sometimes have a hard time qualifying for a first mortgage. Now, however, a growing number of lenders will consider future earnings potential of high earners in the medical profession as a way to offset high debt ratios. But specialty mortgages for young physicians aren't the only unique loans available today. Nationwide, there are a number of unique programs designed to help first-time buyers qualify for a mortgage loan. While some target specific professions, others are open to a wider range of applicants. They are definitely worth exploring if you're interested…
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12 Oct 2018
By Aadil Nathoo

U.S. Wage Increases Could Help Home Buyers

Mortgage, ,
The struggle to achieve the American homeownership dream often feels like it happens in a vacuum. Everyday people work hard, save money and polish up their credit to get a low mortgage rate. But there are powerful forces at work that are far beyond each person's control. And until recently, the gap between American wage growth and rising home prices was widening. According to data coming out of the U.S. Department of Labor, unemployment recently hit a 49-year low and wages are enjoying the greatest uptick in nearly a decade. That is good news for prospective home buyers. American Wages…
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04 Oct 2018
By Aadil Nathoo

Best Things To Do Now To Get Your Finances Mortgage Ready

Mortgage, ,
You probably already know that qualifying for a mortgage can be the biggest hurdle -- aside from actually finding that dream property -- along the path to home ownership. Rather than agonizing about it, however, there are some positive actions you can take in advance to help you realize your dream. Take A Close Look At Your Budget If you don't currently operate with a comprehensive household budget, get started now to analyze your income and monitor your spending habits. There's no better way to prepare for home ownership than by being realistic about how you spend your money. If…
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19 Sep 2018
By Aadil Nathoo

Is A Reverse Mortgage Right For You?

Mortgage, ,
Imagine the bank depositing monthly premiums into your account instead of you writing a mortgage check. That's basically how a reverse mortgage works.   Traditional mortgages involve people paying down the interest and principal on a home loan. The goal is generally to pay off the property and cruise through retirement without that monthly installment eating at your budget. With your home paid off, those previously allotted finances can be used to relax and enjoy your retirement to the fullest. That's the best-case scenario anyway. But financial life has changed significantly over the past half-century. The formula for economic security…
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