The idea of owning a home is exciting, especially if it’s your first one! However, that excitement can start to fade, as many home buyers are being challenged with mortgage loan limits. The Federal Housing Finance Agency (FHFA) has introduced new loan limits for 2021, which reflect the average increase in house price […]
For self-employed professionals, the application itself is the same as any other employed person. The same components are also considered, including credit score, debt, assets, and income. However, in a typical mortgage process, the lender will contact the employer to verify those components, and determine the likelihood that payments will be made. So if the […]
Buyer’s remorse is something we feel on a regular basis, however home buyer’s remorse feels next level. After all, it’s arguably the biggest purchase you’ll ever make! You might ask yourself questions like “Did I act too quickly? What if a better home becomes available? What if I lose my job or can’t make mortgage […]
Your home is one of the most valuable (if not the most valuable) asset you’ll have in your life. Due to its high value, home equity can become a funding aspect of your retirement plan should you choose to do so. Home equity is a great supplement on top of what you’ve already been […]
Who would’ve thought our country would be in a recession in 2020? Covid-19 has undoubtedly impacted a variety of industries, however strangely enough, the housing market boomed. Due to an accumulation of over $1 trillion in home equity and low housing supply, buyers are bidding up the prices of available properties, which has led […]
If you have equity in your home, it could prove advantageous to get a cash-out refinance to cover any debt. However, this could have an impact on your taxes. In this article, we’ll provide a run down on how refinances work, and how you can use the cash-out refinance money as tax-deductible items. How […]
Mortgage, unemployment; Losing your employment in the middle of the mortgage application process can be incredibly stressful. Because this is typically an unlikely scenario, most people don’t know what steps should be taken when this happens. Below, we’ll discuss what you should do if you lose your job in the application process, […]
Applying for a mortgage has never been easier. With the help of the internet, homeowners now have the option to submit an online mortgage application from their home. However, as we’ve transitioned into remote working due to the pandemic, cyber attacks are at the highest rates we’ve ever seen. This raises the question: how […]
Tax season is here, and it goes without saying that we all want to get the most out of our refund. Homeowners have quite a few ways they can save money during tax season, but most don’t understand all the opportunities available to them. Owning a home means you have access to federal income tax […]
Mortgage interest rates can change quickly, and this can impact the amount owed when you refinance your mortgage. A mortgage rate lock can be put in place to protect you from those fluctuations, and will also freeze your interest rate when closing on a refinance. In this article, we’ll take a deeper look at […]
April 2, 2016
April 4, 2016
April 4, 2016
April 4, 2016
June 23, 2016
June 19, 2017
June 20, 2017
June 21, 2017
June 21, 2017
July 24, 2017
Ken Venick
Phone: 443-471-4310
ken@kenvenick.com