When you apply for a mortgage, lenders need to see your bank statements to ensure you can afford the down payment, future loan payments, and closing costs. The chances of getting approved are higher if your bank statements are clear and don’t look questionable. So what is it that lenders deem questionable? Let’s dive in. […]
Deciding to pay off your mortgage early has been a controversial topic for some time. There are definitely risks — but for those who have managed to conquer some of their big financial goals and erase debt, paying off your mortgage ahead of time might make sense. There are a few ways you […]
While fixer-uppers require a bit more work, there’s something so exciting about them. To know you can create something new and customizable to you is both refreshing and rewarding. It gives you an opportunity to bring your visions to life, and create a foundation for the rest of the house’s projects. But fixer-uppers […]
Applying for a mortgage is stressful enough as it is — but what do you do if you lose your job during the process? Especially during the pandemic, this happens more often that it should. Does this mean the window is closed on your mortgage? Don’t panic just yet. There may be some workarounds, […]
In some cases, you may want to pay off your mortgage with a credit card. The question is, it is possible? The answer is, it depends. It’s possible, but it may cost you. So how do you do it, what’s the cost, and is it worth it? In this article, we’ll discuss the pros […]
Annual percentage rate, or APR, should always be checked before shopping for a mortgage loan. In fact, APR is a primary indicator of the quality of your mortgage deal. But if you don’t fully understand it, it could make it difficult to use as a comparison tool. So, what exactly is APR and how does […]
Today’s housing market is full of steady increases. Home prices and mortgage rates continue to rise year over year. In fact as of late July 2018, the average 30-year fixed-rate mortgage was 4.54%. That’s quite a bit higher than the same period the year before, which averaged around 3.92%. Knowing this information, home buyers […]
If you’re 62 or older looking to pay off your mortgage, supplement your income or pay for healthcare expenses, you may want to consider a reverse mortgage. What is a reverse mortgage? A reverse mortgage allows you to convert part of the equity of your home into cash, without having to sell your home or […]
Remodeling and moving are both big decisions, and finances can make it difficult to weigh your options. Maybe your home no longer suits your family’s needs, or it’s getting old. Renovations could solve the problem, but is it more money than it’s worth? If you feel caught between a rock and a hard place, […]
Purchasing a home requires a lot of communication between the seller, buyer, realtor, etc. And when it comes to negotiating on the home, the price is only a small piece of the puzzle. Educating yourself on various negotiation points in the buying price can not only provide you peace of mind, but produce the […]
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Ken Venick
Phone: 443-471-4310
ken@kenvenick.com