Are rates and down payments higher for investment properties?

Are rates and down payments higher for investment properties?

If you’re thinking about buying an investment property, you’re probably wondering about rates, down payments, mortgage options and so forth. After all, you’ll want to get the best deal you can in order to get a better return on your investment. But don’t be surprised...
What are some questions to ask when applying for a mortgage?

What are some questions to ask when applying for a mortgage?

When it comes to financing a home, lenders can provide home loans up to certain amounts, based on the type of loan the borrower is getting and the loan limits set forth by certain government agencies. From the Federal Housing Finance Agency: “Fannie Mae and Freddie...
Tips for choosing the right mortgage professional

Tips for choosing the right mortgage professional

When you start your journey to homeownership, it’s important to have someone who can easily guide you through the process and help you over the hurdles. With a trusted mortgage professional by your side, the home financing process can be smooth and efficient. Without...
Shop for a new home or get pre-approved? Which to do first and why.

Shop for a new home or get pre-approved? Which to do first and why.

If you’re considering the purchase of a home, you may be wondering where to start. Should you begin by finding homes you like online? Should you talk to a mortgage professional first to see what you can afford? And if you talk to a mortgage professional, should you...
Florida Condo Financing

Florida Condo Financing

Finding a great condo in Florida isn’t necessarily difficult. But finding the right financing at a rate that’s reasonable may be another story. If you’re searching for a loan to cover the purchase or refinance of your Florida condo, Luxury Mortgage may have just what...
NYC Co-op and Condo Financing

NYC Co-op and Condo Financing

When it comes to securing home financing in New York City, condo loans and co-op loans are two of the most prevalent choices. In a co-op building, the buyer purchases a share of the entire property and is considered a co-owner along with their fellow residents. With a...
Tips for getting a lower interest rate

Tips for getting a lower interest rate

When shopping around for a mortgage, most borrowers want to find the most affordable rate in the marketplace. The trouble is, finding rock bottom rates doesn’t always mean working with the most reliable lenders. Therefore, a wise borrower will try to improve their...
What does a mortgage loan originator do?

What does a mortgage loan originator do?

There are a lot of people involved in helping a borrower successfully secure a mortgage, but one of the most important individuals in the process is the mortgage loan originator. What exactly does a mortgage loan originator do? In this post, we’ll explore the duties...
Are modular homes the same as manufactured homes?

Are modular homes the same as manufactured homes?

Although the terms modular and manufactured homes tend to get used interchangeably, they are actually two very different types of housing. It’s understandable why so many people get confused, as both types of homes could be considered “manufactured,” since they are...
Buying a vacation home in East Hampton, NY

Buying a vacation home in East Hampton, NY

East Hampton, NY has long been a favorite destination for families and individuals who seek an escape from the summer heat of the city. Owning a vacation home in this upscale vacation spot certainly has its perks. If you’re considering buying your own piece of East...