Second Home or Investment Property – What’s the Difference?
Second homes and investment properties may sound like the same thing, but they’re not. The subtle differences between these two types of homes can make a big difference, primarily because your lender will base your mortgage on which type of property you’re...
6 Questions First-Time Homebuyers Need To Ask Your Mortgage Company
Buying your first home? Finding the right mortgage company is a key part of the process, and you should take the proper steps to ensure you do it right. Here are some questions for you to ask your mortgage professional so you can be confident you have chosen the best...
This Thing Called Escrow
When you get a mortgage, your lender has a keen interest in ensuring you can pay all of the expenses related to your home. If you have a lien against your home because you failed to pay your tax bill or sewer bill, your lender stands to lose big. Many mortgage...
Empty Nesters and the Benefits of Downsizing
According to recent data, the average size of homes in America is shrinking. Where in 2015, the average size of single-family homes was 2,500 square feet; in 2018, that average dropped to 2,320. Though that is not a huge drop, it shows that more and more people are...
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