This is a great article on the 2 most common ways to lower your interest rates on your mortgage: -Better Credit Score -Buying down the rate with Points Buying down the rate can be expensive which is why having a good solid credit score can pay of way more than you realize. Have questions about how to boost your credit score? Put the comments below! https://premiummortgage.myhomehq.biz/single-newsletter/mortgage-points-and-credits-explained

If your mortgage payment goes up over the course of time, more likely than not, it is because of your Taxes and Insurance went up. If your mortgage is fixed, your monthly loan payment won't change. That will stay the same for the life of the loan. Your Taxes and Insurance however are subject to change, and will most likely change every year or every other year as the cost of inflation will always drive taxes and insurance up. If this happens, there isn't much you can do with regards to your taxes, but you can always call your insurance agent and ask them to shop your rate. The best way to do this is to go to an insurance broker and have them shop your insurance rates for you.

3 Things you need to know before you think about cosigning for your kids, friends or family: 1. You may be helping them increase buying power, but it lowers your as you will increase your debt to income ratio. 2. If the borrower is late on a payment, you will most likely not be notified so make sure you have clear communication and can trust them. 3. If they are more than 30 days late on a payment, that can cause your credit score to drop up to 100 points. So make sure you have a good relationship with the person you are co-signing for.

Ever wonder what happens to the prices of homes as the interest rates go up or down? Basically, the higher the interest rates, the lower the price of homes as less people are looking to pay a higher interest rate... which makes it a good time to buy as it is less competitive. As interest rates fall, more people are looking to buy as they look at the lower payment, but that leads many other people to buy which drives the sale prices higher due to several people bidding up the same house. It is never bad to invest in real estate either way, but if you can buy when prices are a little lower, you can always refinance when interest rates come back down!

Imagine being able to buy or refinance a house and not having to show income. That is the case with a DSCR Investor Loan - Debt Service Coverage Ratio - Basically a loan where as long as the Appraised Rental Income covers the Principal Interest Taxes and Insurance payment of the loan, you do not have to show income. The borrower simply needs to have a 620 credit score or higher and have at least 20% equity in the property. There are a variety of situation as to Loan to Value and Min or Max loan amounts, so make sure to contact us to learn more!