When Do You Make Your First Mortgage Payment on a New Home?
The excitement and anxiety of owning your new home will be followed by concerns about your financial state and payment to your bank. We hear questions like this from our clients all the time. Being mortgage brokers, we are well aware of the importance of planning your cash flow properly after the purchase of a […]
Can I Get a Mortgage Without a Job and No Income?
One of the most common misconceptions when it comes to buying a house relates to joblessness and a steady paycheck. It is not uncommon for our clients to share concerns whether it is possible to buy a property without a job. In fact, the answer can be positive, but only provided you seek advice from […]
Why Does My Mortgage Keep Getting Sold and Should I Worry?
It could be shocking to open the mail and discover a notification informing you that your mortgage has been acquired by another lender. You invested a lot of time and effort into choosing a good lender initially, and now you have to send a substantial portion of money to an unknown financial institution. That being […]
Can You Refinance a Home Equity Loan Into a Mortgage?
If you’re currently in the process of paying off your primary mortgage as well as your home equity loan, then the last thing you want to think about is trying to juggle two separate mortgage payments each month. The best news is, however, that you can make your financial situation much easier by rolling your […]
Does a VA Loan Require a Home Inspection?
If you’re a veteran or active-duty military personnel looking to secure a VA loan for a home, you’ve probably heard words like “appraisal” and “home inspection” thrown around. While they may sound similar, they have very different purposes. Like SC jumbo loans and even traditional loans, it’s important to know the requirements around inspections. Does […]
Can You Buy a Foreclosure with an FHA Loan?
Foreclosed properties are a great opportunity for homebuyers who are willing to do a little extra work. The question for you, however, if you are looking at using an FHA loan to help you purchase a foreclosed home, is whether or not you can successfully combine the two. The answer is a resounding “yes,” but […]
Can I Add My Spouse to My Mortgage Without Refinancing?
Change is the name of the game in life. You get married, you buy a home together, and then you wonder how you can ensure that both names go on the mortgage. We get this question a lot from clients who want to ensure equal rights to property ownership without the expense and inconvenience of […]
When is the First Payment on a Mortgage Due?
Congratulations on nearing the final stages of your home purchase! As you prepare to finalize your home purchase and close the deal, you might be wondering when your first mortgage payment is due. From mortgage loan programs in South Carolina to Florida, it’s important to know how it works. Understanding the payment schedule can help […]
Can I Refinance My Mortgage with a Bank Statement Loan?
Being a self-employed individual comes with a tremendous amount of freedom, but that freedom usually comes to a standstill when one goes to a conventional bank to seek a loan to refinance their home. They could be running a successful business and generating tremendous cash flow, but their taxes could be different. This creates a […]
How Often Can You Refinance a Mortgage?
Homeowners tend to track the rates of interest very closely, wondering whether they can benefit from a reduction even if they’ve refinanced their loan recently. Perhaps the most frequent question we receive at BrickWood Mortgage is simply whether there is a limit to the frequency with which a borrower may refinance a home loan. How […]
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