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, […]

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 […]

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 […]

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 […]

#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 […]

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 […]

4 Ways Realtors Save You Time and Money When Buying A New Home

  On any given day, you can drive around and see “For Sale” signs and advertisements for open houses. You can literally walk into almost any property and make a bid. So why would you hire a Realtor?   We’ve got four answers to that question, in terms of how a Realtor helps you as […]

South Florida Is Sinking: What You Should Know Before Buying A Home

  It sounds absurd, but the East Coast of the United States is slowly sinking into the Atlantic Ocean. Tens of thousands of years ago, during the Ice Age, the massive glaciers moving across the middle of the country also pushed down on the continental crust with their weight. Imagine sitting in the middle of […]

Fed Hints At Rate Rises “Fairly Soon,” Mortgage Market Reacts

This week’s mortgage rates gravitated around the Federal Reserve…which seems like one of the more obvious sentences that we’ve ever typed. But what if we told you that rates also reacted to the state of the bond market? Yeah, still doesn’t seem like anything too dramatic, but don’t let the “normal” news mislead you: Rates […]

Three-Month Low, Three-Week High: Mortgage Rates in February

No sooner do we get done sharing some good news with you that things reverse direction. Last Thursday we reported that a few days of dropping rates had brought the average offering down to a three-month low. The very next day began what is currently a five-day streak of rises, resulting in what is currently […]