Refinancing a mortgage can be a smart financial move for many homeowners. It can help lower monthly mortgage payments, reduce interest rates, and even help pay off a mortgage faster. However, refinancing is not always a cost-effective solution, and it's important to understand the costs involved to make an informed decision. In this blog, we
A great way to enhance your outdoor living space is by adding an outdoor kitchen. It's perfect for entertaining guests, hosting barbeques, or simply enjoying a family meal under the open sky. However, building an outdoor kitchen can be an expensive undertaking, especially if you plan to install high-end appliances, luxurious features, or custom finishes.
Are you looking for more space in your home? Room additions can be a great way to add extra square footage and functionality without moving. But when it comes to adding a room, there are two main approaches: build-up or build-out. In this article, we'll look at the pros and cons of each approach as
Adjustable rate mortgages (ARMs) are a popular option for many home buyers, as they offer greater flexibility and potential savings than fixed-rate mortgages. There are certain circumstances where an ARM can be especially beneficial. In this article, we’ll explore three situations when you should consider getting an adjustable-rate mortgage. By understanding how ARMs work, you
It can take years of thoughtful budgeting to be in a position where you’re ready to commit to building a custom home or undertaking a serious home renovation project. You’ve worked hard to be in this position, and you need a team that understands your goals – and can execute them. Believe me, I know.
The best thing about a custom home is that it’s meant to be a functional space for the way your family lives. Whether you’re looking for a gourmet kitchen, a place to entertain, a functional outdoor oasis or a large home office, a custom home can have the exact features you want. Consider these features
Like a lot of people, I never thought I would see a 7.0% rate on a 30-year fixed mortgage again. But here we are. And it appears that 7.0% is the breaking point for most borrowers. Rates have simply moved too fast and too high. The result has been a significant demand in Adjustable Mortgage
The real estate market has taken a big hit in the last few months, both for buyers and sellers. But another group that has been hit is real estate professionals. Following substantial hikes to the funds rate to curb inflation, mortgage rates have risen to their highest levels since 2002. At just over 7%, the
Is your lower level just a storage space for boxes and holiday decorations? If so, you're not alone. Unfinished basements often become a "catch-all" for belongings that don't have a home on the main level. But large unfinished basements can do more than just hold old boxes. Converting your lower level into a functional living
The kitchen has long been a place in every house where family and friends gather. If your kitchen is still living in the 90s or early 2000s, you might find yourself less inclined to cook or want to host holiday get-togethers. An upgraded kitchen can not only give you more pleasant years around the table,
As a portfolio lender, we underwrite and hold onto our own loans in most cases. This allows for flexibility on files that “make sense” but maybe fall outside the standard profile. Scenarios where we have an advantage over non-bank lenders would be: ARMs Many clients are getting very comfortable with an adjustable rate mortgage (ARM)
The loan process for a construction loan is not much different than a regular home loan. There are a few additional items that are needed that relate to the construction project and appraisal, but the process and qualifications are very similar. If you qualify for a non-construction loan, you should qualify for a construction loan
