Last week’s economic news included reports on retail sales, inflation, and weekly reports on mortgage rates and new jobless claims.
CORY THOMPSON
NMLS ID 225056 • Located in Texas
Investing in a Vacation Property? Learn What You’ll Need to Have to Get A Mortgage Approved
While a second home can seem like a great purchase and solid investment opportunity, there are different requirements that go into this type of purchase. If you’re considering a vacation home, you may want to be aware of the following financial factors.
Mortgage Myths: Here’s Why You Don’t Need a Full 20 Percent Down Payment
If you’re just getting into the real estate market, you may have heard that 20% down is the ideal percentage in order to lower your monthly payments and get your mortgage application approved. However, while 20% is often suggested, many people struggle to come up with this amount of money.
Real Estate Investing: 3 Insider Tips to Winning House, Land or Foreclosure Auctions
House, land and foreclosure auctions can be one of the most nerve-wracking ways to buy a property. However, if you prepare yourself with proven bidding tactics, auctions can be a great way to purchase your dream home at a competitive price.
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