Self-Employed Mortgage Access Act May Make Home Loans Easier for Business Owners in 2019

One of the most popular goals for any new year is to finally get into a new home. The best way to start is by figuring out what has prevented you from doing it so far. Obviously credit and job history are a major stumbling block for many, but there are plenty of people who […]

The Reach Home Loans Christmas Carol: Work in The Past, Present, and Future for a Great Mortgage!

  The Reach Home Loans Christmas Carol, starring: Brandon Brotsky as Brandon Brotskrooge Adam Stephens as The Ghost of Adam Stephens Gian Bavaro as The Ghost of Mortgage Preparation Past Justin Froelich as The Ghost of Mortgage Preparation Present Byron Richie as The Ghost of Mortgage Yet-To-Come   Stephens was dead to begin with. Sorry, […]

Why Waiting to Too Long to Buy Can Hurt Your Retirement Chances

One piece of wisdom that you hear more often than not: “Patience is a virtue.” This is especially true when it comes to major purchases, such as a home or automobile. After all, you should never rush when spending that much money. But “being patient” is very different from simply “taking too long.” A 2016 […]

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 […]