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Mortgage vs. Cash: Which Is the Better Option When Buying a Home?

It’s been about eight months since my last mortgage match-up, so let’s give it a whirl again. Today, the focus will be on taking out a mortgage versus simply using cash when purchasing a home. Of course, it’s not that simple for the majority of the population to throw a few hundred thousand dollars (or [&hellip

The post Mortgage vs. Cash: Which Is the Better Option When Buying a Home? first appeared on The Truth About Mortgage.

Could a Cash Out Refinance Be a Better Solution Than Mortgage Forbearance?

The current solution for those struggling to make mortgage payments due to COVID-19 is mortgage forbearance. It allows homeowners to “pause” mortgage payments for anywhere from six to 12 months while their income is reduced or completely nonexistent. Once it comes to an end, the homeowner must repay the missed payments, either by making a [&hellip

The post Could a Cash Out Refinance Be a Better Solution Than Mortgage Forbearance? first appeared on The Truth About Mortgage.

Home Equity Could Prevent Flood of Forbearance-Related Foreclosures

The latest Mortgage Monitor report from Black Knight reveals that many homeowners in forbearance plans are sitting on a healthy amount of home equity, meaning if they’re forced to sell banks may not lose out. Per the data analytics company, fewer than one in 10 homeowners (9%) in forbearance have 10% or less home equity [&hellip

The post Home Equity Could Prevent Flood of Forbearance-Related Foreclosures first appeared on The Truth About Mortgage.

10 First Time Home Buyer Mistakes To Avoid

Buying a home of your own may make good long-term financial sense, as it is usually cheaper to own than to rent in the long term. However, buying a place for the first time is not without its challenges and problems. And if you don’t do your homework or your due diligence before buying your …

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The post 10 First Time Home Buyer Mistakes To Avoid appeared first on GrowthRapidly.

Homie Highlight: Gabriela Lopez

Each and every one of our Homies brings something special to the team. Click here to read the story of an amazing Homie, Gabriela.

The post Homie Highlight: Gabriela Lopez appeared first on Homie Blog.