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26 Sep 2025
By noelkelman

Financing Multiple Properties with One Mortgage

Mortgage Tips, ,
Owning multiple properties can be a smart investment strategy, but managing separate loans for each property can be complex and expensive. A blanket mortgage offers a solution by allowing homeowners or investors to finance two or more properties under a single loan. This type of mortgage can simplify payments, streamline management, and often provide better rates than holding multiple individual mortgages. Understanding how a blanket mortgage works and when it makes sense can help you maximize your real estate investments efficiently. How Blanket Mortgages WorkA blanket mortgage is a single loan that covers multiple properties, often used by real estate…
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25 Sep 2025
By noelkelman

How to Use a Cash-Out Refinance Wisely

Mortgage Tips, ,
A cash-out refinance can be a powerful tool for homeowners who want to leverage the equity in their home, but it is important to approach it strategically. This type of refinance replaces your existing mortgage with a new, larger loan, giving you the difference in cash. Whether you are planning home improvements, consolidating high-interest debt, or investing, using a cash-out refinance wisely can help you reach your financial goals without creating unnecessary risk. Understand Your GoalsBefore pursuing a cash-out refinance, clarify why you need the funds. Are you looking to upgrade your home, pay down debt, or invest in another…
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24 Sep 2025
By noelkelman

Smart Ways to Use Bonuses, Inheritances and Tax Refunds for Your Mortgage

Mortgage Tips, ,
Unexpected financial windfalls such as work bonuses, tax refunds, or inheritances can create exciting opportunities. While it may be tempting to spend these funds quickly, using them toward your mortgage can bring lasting financial benefits. Understanding the ways windfalls can strengthen your mortgage strategy will help you make the most of these resources. Paying Down PrincipalOne of the most direct ways to use a windfall is to apply it toward your mortgage principal. Reducing the amount you owe can lower future interest costs and help you pay off the loan faster. Even a modest extra payment can shorten your loan…
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23 Sep 2025
By noelkelman

Financing Mixed Use Properties: Live, Work, and Invest in One Place

Mortgage Tips, ,
Mixed use properties are becoming an attractive option for buyers who want to combine residential, commercial, and investment opportunities all in one place. These properties can provide unique benefits, such as generating rental income while also serving as a primary residence. However, financing a mixed-use property requires a different approach than financing a traditional single-family home, and understanding the process is key to making the right decision. Understanding Mixed Use PropertiesA mixed use property is one that blends both residential and commercial space within the same building. For example, you might live on the upper floor while renting out a…
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22 Sep 2025
By noelkelman

What’s Ahead For Mortgage Rates This Week – September 22nd, 2025

Financial Reports, ,
It has been a relatively light week following the recent rate changes, as the Federal Reserve has felt the need to drop the current rate by 25 basis points. They have also mentioned the possibility of two additional rate cuts within this year. This follows the recent sharp criticism from the current administration, which condemned the Federal Reserve’s insistence on maintaining existing interest rates. This development coincides with the Leading Economic Indicators, which have shown that the U.S. economy remains in decline, a trend that began in August. With further rate cuts on the horizon, the broader market reaction has…
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19 Sep 2025
By noelkelman

Myths About Mortgages That Still Fool Homebuyers

Mortgage Tips, ,
Buying a home is one of the biggest financial decisions most people will ever make, and the mortgage process can feel overwhelming. With so much information available, it is easy for myths to spread, and many homebuyers still believe ideas that are simply not true. Clearing up these misconceptions can make the path to homeownership less stressful and much more successful. Myth One: You Need Perfect Credit A common belief is that only people with flawless credit can qualify for a mortgage. While strong credit helps secure better rates, many loan programs exist for borrowers with less than perfect scores.…
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18 Sep 2025
By noelkelman

Deciding Whether to Pay Extra Toward Principal or Save for Other Investments

Mortgage, ,
When it comes to managing your mortgage, one of the most common questions is whether to put extra money toward paying down the loan principal or to save that money for other investments. Both choices have advantages, and the right decision often depends on your goals, financial situation, and comfort with risk. The Case for Paying Extra Toward Principal Making additional payments directly to your mortgage principal reduces the amount of interest you pay over the life of the loan. Even small extra payments can shorten your mortgage term and save thousands of dollars on interest. For many homeowners, this…
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17 Sep 2025
By noelkelman

How Borrowers Can Benefit from Inflation with the Right Mortgage

Mortgage, ,
Inflation is a topic that impacts nearly every part of the economy, from the cost of groceries to long term financial planning. For homeowners and those considering a mortgage, inflation can feel intimidating. However, with the right perspective and strategies, borrowers can use inflation to their advantage and create lasting financial benefits. Understanding the Relationship Between Mortgages and Inflation Inflation reduces the purchasing power of money over time. While this can make everyday expenses higher, it also works in favor of borrowers with fixed rate mortgages. Since the mortgage payment stays the same each month, the real value of that…
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