What is a Piggyback Mortgage?

Posted by Kelly Williams // June 29, 2015

As the name suggests, piggyback mortgage is basically two loans on top of each other. In other words, a borrower takes out two mortgage simultaneously where the second mortgage is home equity loan or the line of credit. Piggyback mortgages are a good option for people who want to avoid paying Private mortgage insurance (PMI) […]

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Reduction in FHA annual premiums in 2015: What does it mean for you?

Posted by Kelly Williams // June 22, 2015

For many first time-home buyers, who can’t afford to pay a traditional 20 percent down payment and have only a decent credit score, FHA backed loans have been really helpful. The highlight of FHA loans is that it requires a minimum down payment of 3.5%. In fact, it is basically an insurance program where FHA […]

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Things to Consider Before Selling Your Home

Posted by Kelly Williams // June 15, 2015

Do you think it is time to sell your home? It may sound like a happy adventure but listing your house up for sale is no easy task. It requires lots of preparation and an in-depth understanding of how real estate market works in terms of pricing the home appropriately, making your house look ready […]

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Reasons to Avoid Private Mortgage Insurance

Posted by Kelly Williams // June 8, 2015

Private Mortgage Insurance or PMI sounds like a perfect solution to own a house even if you haven’t saved enough cash to pay 20% down payment. It makes you less of a risk to the lender while protecting the lender in case you default and can’t pay off your debt. But is it really a […]

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What is PMI and how does it work?

Posted by Kelly Williams // June 1, 2015

So, you want to own a home but can’t put down a 20 % of the appraised value as down payment? In that case you will have to pay a monthly private mortgage insurance set by your lender. Your lender requires you to pay these monthly premiums to safeguard his interests in case you default […]

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Tips for first time home buyers

Posted by Kelly Williams // May 25, 2015

Are you planning to buy a home? It takes considerable planning before you can commit to buy a house of your dreams. Whether it is setting up the budget, saving for the down payments or exploring the neighborhood to see if the area will suit your requirements – the journey of buying a home can […]

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How to Make Your Home Energy Efficient?

Posted by Kelly Williams // May 18, 2015

People are becoming increasingly conscious of their carbon footprints and seeking out ways to save energy in every way possible – no matter how big or small. Making your home energy efficient is one important step in this direction. Whether it is something as simple as turning off the lights and appliances when not needed […]

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Things to Know Before You Apply for FHA Loan

Posted by Kelly Williams // May 11, 2015

You want to own a home but don’t have enough money for large down payments. Neither do you have a shining credit report. So, is it even possible to dream about owning a home? Loans from FHA can help you achieve your most cherished dream. These loans make it easier for you to qualify for […]

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4 Things Millennials Should Know Before Buying a House

Posted by Kelly Williams // May 4, 2015

According to National Association of Realtors, one-third of homebuyers during the first quarter of 2014 were millennials. According to NAR Chief Economist Lawrence Yun: “Fixed monthly payments and the long-term financial stability homeownership can provide are attractive to young adults despite them witnessing the housing downturn and subsequent slow recovery in the early years of […]

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Tax Benefits of Owning a House vs Renting

Posted by Kelly Williams // April 27, 2015

Whether to buy or to rent a house is perhaps one of most confusing housing decision one has to face. Although it is a very personal choice to make, significant tax savings when you own a house probably tilts the balance in the favour of homeownership. When you buy a home, you are eligible to […]

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