Bella Mertz When buying a home, one of the biggest financial decisions you’ll make is choosing the length of your mortgage loan. While 30-year loans are the most popular, the average homeowner actually keeps their mortgage for just 7-8 years. In this comprehensive guide, we’ll overview the typical mortgage loan terms, discuss why most borrowers don’t keep … Read more
Owning commercial real estate comes with tax, financial and other benefits. Many businesses across industries choose to purchase owner-occupied commercial real estate, so they can realize these diverse benefits. Here’s a look at what owner-occupied commercial real estate is. Purchasing commercial real estate can be a great way to invest in your business’s future. However, … Read more
When youâre buying or refinancing a home, your lender will likely order a home appraisal to make sure that the property is worth the amount of the loan. Should you default, your lender can minimize their losses by selling the home. Largely consisting of an exterior inspection of a building by a licensed real estate … Read more
As a real estate investor, you may not have the luxury of getting approved for a traditional small business loan. Whether it’s a low credit score, a spotty payment history, or lack of down payment, you may find it challenging to find financing. One option to consider: a hard money loan. Here, we share what … Read more
Buying your first home is an exciting milestone. But for many, coming up with a big down payment can be a major obstacle. That’s where zero down first time buyer home loans come in. These specialized mortgage programs allow eligible borrowers to purchase a home without putting any money down. For first-time homebuyers with limited … Read more
The United States Department of Agriculture (USDA) Rural Development office offers several loan and grant programs to support housing, businesses, utilities and community facilities in rural areas. These programs help improve the economy and quality of life for rural communities in Massachusetts. If you live in a smaller town or unincorporated rural area in Massachusetts … Read more
Buying a piece of land to build a home or start a business can be an exciting endeavor. However finding the money to purchase the land can be challenging. A bank loan is one way to finance a land purchase but qualifying for one requires some preparation and knowledge. In this comprehensive guide, we’ll walk … Read more
If you’re struggling to afford your home equity line of credit (HELOC) payments, a HELOC modification can help you avoid default and foreclosure. It can result in a lower monthly payment, allowing you to remain in good standing. A home equity line of credit (HELOC) can be an attractive financing option for homeowners looking to … Read more
Understanding the intricacies of conventional loan appraisal requirements is essential in real estate financing. Appraisal requirements serve as a critical component in the process of securing a conventional loan, influencing the terms, eligibility, and overall success of the loan application. At Rob’s Mortgage Loans, we recognize the significance of providing accurate and reliable information to … Read more
Construction loans allow buyers to finance the building of a new home or renovations to an existing property Unlike traditional mortgages, the funds are dispersed in stages during the construction process. While most construction loans require documented proof of income, stated income construction loans offer more flexibility If you have a complex income structure as … Read more