What is a Blended Rate?
A blended rate – also called a net effective rate – reflects the total rate of all your debt. We break out the balances owed and at what rate and we can calculate the blended rate to get a more true picture. This can help you determine if refinancing for debt...Did You Know You Can Use Assets as Income to Qualify for a Loan?
If your regular income streams are not sufficient to qualify (salary, social security, pension…), but you have a chunk of money in asset accounts, then we can use those assets to create income. It can give enough of a boost to qualify for a home you love! The income...What is the Difference Between a Non-Occupant Co-Borrower versus a Co-Signer on a Mortgage?
A co-borrower is a person you are buying a home with, and you will live in that home together; you are also both equally obligated on the mortgage. A non-occupant co-borrower is someone that is helping you qualify for a loan, but they will not be living in the...How a 30 Year Fixed 2nd Mortgage Can Help Pay Off Debt
Did you know that Americans owe an astounding $1.13 trillion in credit card debt? That’s a number that’s hard to picture, isn’t it? Inflation and increased interest rates have contributed to this growing number, and it certainly shows us that many American households...Why to Consider Working with a Mortgage Broker Versus a Bank
If you are looking to purchase a home or refinance your existing mortgage, you may want to look beyond simply walking into your bank. Many people secure a real estate loan through their bank because they don’t always realize that other options may exist. I started out...Loan Calculator
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