At some point in our lives, most of us will stop renting and become a homeowner. So, how does one know when it’s a good time to take that leap? Here’s how to know when it’s time to transition from renter to homeowner. Rent Keeps Increasing In some areas of the country, rents are rising. This […]
Before taking out a loan, it’s important to learn how they work and how you can borrow smartly, safely and at the lowest possible cost. There are a few key things to understand, and the more you know, the more prepared you’ll be. Here are the mortgage loan basics. What is a Mortgage Loan? A […]
When you are purchasing a home, you have a lot of decisions to make. One of them is whether you want to increase your closing costs and lower your interest rate with mortgage points, or discount points. So, what are mortgage points and when does it make sense to use them? What is a Mortgage […]
You have gone through the entire process of buying a home. From house hunting to making an offer to your final walkthrough, you have finally secured the keys to your new home. But, it’s important to remember that the work doesn’t stop as soon as you close on your new home. In fact, in many […]
Refinancing a mortgage has many benefits, such as lowering your mortgage payments and saving money. But, it’s not the right choice for everyone. It’s important that you understand how the process works before deciding. Below are answers to the most common questions about refinancing a mortgage. What is a mortgage refinance? Mortgage refinancing isn’t just […]
If you’re a homeowner with home equity and want to use it to your advantage, it’s important to know the smartest ways you can use it. You could borrow against the value of your home for a number of important projects without impeding your long-term financial goals. Here are four ways you can use your […]
Even if you just purchased a new house, it’s important to be able to sell your home in the future when you’re ready to move on. Some homes are just more difficult to sell than others. Here are some of the most common reasons. Neighborhood Compare your home to your neighborhood. Is it similar to […]
If you are thinking of buying a home, you may be searching for ways you can best save for a down payment. It may seem difficult, between all your bills, student loans and other payments you have to make on a monthly basis. But, don’t worry! There are many things you can do that can […]
If you have started the process of getting a mortgage, you may be wondering if you should get a 15 year or 30 year fixed mortgage. Each length of mortgage has its advantages and disadvantages. The decision between both mortgages will be based on your current financial situation. Here is what you need to know, […]
Credit History. Capacity. Capital. Collateral: These are the 4 C’s of credit. Lender’s use this when reviewing your mortgage application to determine whether you are a good candidate to lend a mortgage to. If you understand the “4 Cs” the further ahead you’ll be in getting the financing you need. Credit History Your credit history […]
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Ken Venick
Phone: 443-471-4310
kvenick@equitymortgagelending.com