EstaR mortgage Blog

  The IRS recently issued some guidelines that allow real estate investors to take a tax deduction for up to 20% of the income they generate from rental properties. These guidelines were issued in January 2019 to clarify certain provisions of the 2017 Tax Cuts and Jobs Act. Click here to view th...

  One out of every ten homeowners in America owes more on their mortgages than the value of their homes. You may want to consider the "cash-in mortgage" strategy if you're in that situation. You can use this strategy to reduce your mortgage in order to refinance your loan into a lower payment.  ...

  If you've traveled in an airplane recently, you probably went through a security check at the airport.  These security checks are required by a federal law called the USA Patriot Act.  This very same law has a provision that requires mortgage companies, banks, and financial institutions to doc...

  Getting a mortgage today is a lot like swimming in a pool filled with sharks. My role is to help you navigate these dangerous waters and get you to the other side safely. Here are just a few of the sharks we'll need to watch out for: Buy-Back Sharks Most mortgages today are sold after the clos...

  House prices have gone up in many markets across the country. This chart illustrates what rising house prices could mean for you based on your home value and the rate of appreciation in your neighborhood. Here are two ways you may be able to benefit if your home has gone up in value:1 – Cash-o...

  Your timely payment history has a 35% impact on your credit score. Paying debt on time and in full has a positive impact. Late payments, judgments, charge-offs, collection accounts, and bankruptcies have a negative impact. If you have had any bankruptcies within the last 7 years, it will serio...

If you’re thinking of paying cash for home improvements, you may want to think twice.  Here are three reasons why you may want to consider a cash-out mortgage refinance or home equity loan instead:1 – Preserve your cash: a large home improvement project could quickly deplete your savings. Think ...

  1: Prepare Your Credit Mortgage lenders typically require at least 24 months of good credit history in order for you to qualify for a mortgage.  It's normally a good idea to have a few credit cards, a few installment loans, and 24-month history of making rent payments on time. 2: Prepare Your ...

  1 – Determine your approach and your investment objectives Are you looking to “buy and flip” or “buy and hold”?  If you’re looking to buy and flip, you’d probably want to start looking for homes that have the highest potential resale value after-improvements.  If you’re looking to buy and hold...

    Here are four questions to ask in order to better understand your HELOC:     What will cause the Prime index to go up?  The interest rate on your HELOC is determined by adding a margin to the Prime rate.  This means that your interest rate will go up when the Prime rate goes up.  The Prime ra...