Can I ask my Mortgage Company to Remove my Ex-spouse from the Mortgage Obligation in a Divorce? About 100 times per year (twice a week) I dance around the subject of both spouses securing the mortgage obligation when buying their first home. For most home purchases we participate in, one spouse has the ability to […]
Category: Home Buying Tips
An apartment provides you with a safe place to operate from and clean accommodations for your life. Here is a list of some of the things funny and practical that you can’t do from your apartment – only in your own home.
I debrief ARMs in detail on our website: ARM Debrief. But am compelled to write to you today based on the ludicrous volume of advocacy for the ARM as a workaround to the rate increase of the Fixed Mortgage.
Yes – from $647,200 to $715,000 available immediately and into 2023. There aren’t too many financial topics where inflation is considered a good thing. Taxpayer income brackets, I-Bonds, Social Security indexing, and Cost-of-Living (pay) increases are a few that come to mind.
You’ve just been made a Partner at your firm. Congratulations. Because you can now truly afford it, you opt to purchase a home that was previously out of reach. Except maybe you’re not.
In mortgage underwriting-land, when you alter your pay methodology, you also enter into a new classification of underwriting (there are several).
Without bias, I’m going to let my author-self write like this is instructions to my children. Before taking any “First Steps to Home Ownership” you will need to plot a course. The investment in that plan will have a tremendous return on the time to create it. With a completed written plan course map you will take fewer overall steps in the process.
How will rising interest rates affect the future price of buying a new home? There’s more at play here than only soaring interest rates.
Should I renew my apartment lease or buy a home for myself? You’re curious about options and curiosity is a great mindset to be in. It sure beats asking questions later like, “How do I break my lease?” or “how did my new home lose so much value?”
The keyword in the answer to this question is “amicable” as in the communication and resulting terms being such. With the support of the goal of one party keeping the house by both parties, it can be done.
Thinking about buying a home in 2022? If so, you may be keeping a close eye on current mortgage rates. It can be hard to predict how rates will change in a given year, and rates alone aren’t the only thing to consider when buying a home, but they do have an impact on your finances.
The 2022 National Conforming Loan Limits (available now at GoldCoast Mortgage) have taken a huge jump forward. The Jumbo Mortgage Limit received a robust expansion of value as well. The conforming loan limit is available nationwide and does not have any limitations per county.
A mortgage broker, like any financing entity such as a bank, credit union, or direct lender should provide a specialty. Call it a niche or a competitive advantage. But NO company can be all things to all people. The closer you inspect the more you’ll be able to discern the specialty.
What happens when the housing market crashes? Notice the question is when not if. A housing market crash is as inevitable as an outbound tide although some lunar tides reach higher or retreat further. This feels like a lunar tide to me.
Why Owning Versus Renting Isn’t A Financial Consideration Mortgage companies typically don’t highlight reasons not to buy a home. At GoldCoast we feel that the correct motivation is key to a successful homeownership experience. The “Why” behind your decision to rent a quality apartment, or buy a home or condo is a quality-of-life decision. There […]
Homes in rural areas are generally much less expensive than those in cities and the suburbs. For the same price as some suburban homes, you can often purchase a great house on several acres of land in a rural environment. If you’ve ever been interested in starting a homestead or owning horses, buying a home in the country could be your first step toward realizing those goals.