You’ve Earned Your Equity: Strategically Access It To Save on Costs & Interest

  We’ve spoken a lot about how mortgage rates are increasing as a result of the Federal Interest Rate doing the same thing. Most assume that this trend will have the greatest impact on those who don’t currently own. They’re probably correct, but rising interest rates also have a significant impact on those who already […]

4 Things for Homebuyers to Be Thankful When Looking for Houses in 2019

  Reach Home Loans hopes that you and yours have a Happy Thanksgiving! Gathering with friends and family is always appreciated. We won’t pretend we aren’t also looking forward to the huge discounts that will be available throughout the weekend as part of the Black Friday and Cyber Monday retail “holidays,” however. The mortgage industry […]

Fannie Mae, Freddie Mac, HomeReady, Home Possible. What Mortgage Program is Best for YOU?

  You want to buy a home, and you’re looking to get some assistance with your mortgage. You’ve probably heard of Fannie Mae and Freddie Mac, but odds are you don’t know the difference. And, frankly, it doesn’t really matter to you as a homebuyer. There’s only one real difference that’s relevant to borrowers, and […]

Mortgage Rates Are Rising…Here Are 4 Ways to Stay Below 5%!

  If you were hoping mortgage rates would go back to 2016 lows anytime soon, you’re probably out of luck. As the American economy improves, the Federal Interest rate will continue to rise, and so will mortgage rates. As you can expect from these trends, applications for mortgages have decreased. According to the Mortgage Bankers […]

Big or Small Down Payment? What’s Best For You, Based on Rates, Location, Retirement and More!

  If you’re a regular reader of this blog, you’ve probably heard us advise to put down 20% or more on a down payment if possible. We highly recommend this option if possible…but the truth is that there are some cases where putting down a smaller down payment is a better option for you. It’s […]

The Countdown Is On! How to Find and Close a New Home Before Your Pre-Approval Expires!

  So you’ve been approved for a mortgage. Congratulations! It may be tempting to take a break…after all, you’ve done a lot of work researching your best loan options and getting your paperwork together.  But you shouldn’t slack off yet!   A Pre-Approval Letter doesn’t last forever. In fact, it usually only lasts between 60 […]

Are You Buying A Home in A Hurricane Zone? Do You Own in A Hurricane Zone? 4 Things To Know!

  Hurricanes have been in the news and, if you believe the news, they will continue to be for years to come. This is obviously a concern for residents of the Atlantic Coast and Gulf Coast. Even New Englanders saw the impact of Hurricane Sandy. More than 112 million Americans live along the Atlantic Coast, […]

Uber, Lyft, Airbnb…How to Get A Mortgage While Working The “Gig Economy”

  Freelancers have long gotten by without a salary. They offer their services to clients on a case-by-case basis, manage their revenue, pay their taxes, and strategize to ensure they have enough to get by. They refer to themselves as “self-employed.” A new classification of freelancers has emerged in the past decade, however: The “gig […]

5 Reasons You May Want to Refinance: Save Cash or Even Save Your Home

  The idea of “refinancing” makes some people wince. Getting their first mortgage involved a lot of research and paperwork…why jump through all those hoops again? If you worked with a quality broker the first time, why would you repeat the process?   Refinancing doesn’t necessarily mean going from a “bad situation” to a “good […]

#FakeNews and Mortgage Lending: Learn The Truth and Save Big on New Homes

  It’s been the most popular hashtag of the past few years: “#FakeNews.” Reach Home Loans is definitely not going to get into a political conversation here, but we know that there is plenty of #FakeNews floating around the internet, especially when it comes to our industry—mortgage lending.   Sometimes believing #FakeNews makes you look […]

5 Mortgage Options Offered by Reach Home Loans, and The Miami Dolphins They Match

  Labor Day has passed, the Marlins are way out of contention, and there’s a bit of a nip in the air (only a high of 87 as we write this). It’s time for football season!   Football is among our favorite sports at Reach Home Loans, because no other sport demonstrates how a collection […]

Banks Vs. Non-Banks: Which is Better for YOUR Mortgage Needs?

  If you want to buy a home, odds are that you’ll need a mortgage to help you afford it. If this is the case, here’s first question you’ll answer in your mortgage search: “Do I want to use a bank or non-bank lender?” Many people assume that banks are the way to go. After […]