by Jake Donovan | Jul 31, 2025 | Real Estate Tips, Refinance
Accessing Home Equity US home owners are sitting on a close to record 34.5 trillion in untapped home equity according to Bankrate. They estimate that the average home owner with a mortgage has $302,000 of home equity available to them. A common way to access some...
by Jake Donovan | Apr 9, 2025 | Real Estate Tips
It has long implied that 20% is the average down payment on a house. With a 20% down payment lenders will see you as a lower risk borrower and this will prevent you from having to pay PMI (Private Mortgage Insurance.) While there are benefits to having a larger down...
by Jake Donovan | Dec 18, 2024 | Real Estate Tips
Fannie Mae has made the announcement that there are changes coming to the eligibility requirements for a value acceptance (also known as an appraisal waiver.) The changes are part of an initiative to balance the need for a traditional appraisal vs. alternative methods...
by Jake Donovan | Mar 2, 2023 | Real Estate Tips
Medical Debt and Credit Reporting According to a report published by the Consumer Financial Protection Bureau, millions of Americans are carrying an estimated $88 billion in medical debts. These medical debts are from bills that have entered delinquent status and many...
by Jake Donovan | Jul 21, 2022 | Adjustable Rate Mortgage, Real Estate Tips
An Adjustable Rate Mortgage (ARM) is often viewed cautiously by borrowers shopping for a loan product. An ARM product does come with some variables that can make people nervous. However if you are shopping for a home in today’s market it is wise to evaluate all...
