Mortgage

As a homeowner who makes mortgage payments every month, you might be interested in refinancing your house to purchase a second home. This new purchase could be for a fun vacation spot for the family or new investment property. Regardless of the reasons, refinancing might be for you.. If you think that refinancing might be...

Regardless of if you have recently refinanced, there are options available to take the next step in obtaining the home of your dreams. Many people refinance for various reasons: utilizing home equity, shortening the length of a loan, making payments more affordable, and much more. . Purchasing a home after refinancing is a popular option that...

Are you interested in obtaining a mortgage on a house you currently own? It is possible to get a mortgage on your home. We’re here to help answer your questions.. Knowing you can use your house as collateral for a loan is one thing. But what do you need to do to get the loan?...

Owning a home is a dream for many. However, purchasing one is a complex process. From making an offer to negotiating closing costs, the financial aspects of home-buying can be frustrating for even the savviest shopper. . However, one thing that shouldn’t feel challenging should be figuring out the income you need to qualify for a...

Much about the home-buying process can be confusing. When you add mortgages to the mix, it can become even more challenging. From interest rates to closing costs, it can be tough to keep track of everything it takes to become a homeowner.. Unfortunately, being prepared for everything is next to impossible, and sometimes life can...

Securing a mortgage may seem like an unattainable goal for individuals making $20,000 to $30,000 a year; however, the difficulty isn’t necessarily true. While your income does play a role in a lender’s decision-making process, there are many other factors that a lender considers before a mortgage is granted. To help you better understand how...

The news of plummeting interest rates has many Ohio individuals and families considering the purchase of a new home or refinancing their current property. This unpredictable and unexpected year has resulted in the lowest interest rates on record in the last 50 years. Will they stay that way? It’s hard to tell. . The worldwide pandemic...

Homeownership is one of the most significant financial choices that many people make. For Kentucky residents, achieving this dream is much easier than for residents in other areas. This is because Kentucky is known for being one of the most affordable states when it comes to house prices. On top of the affordability of homes,...

KENTUCKY – Stephen C. Netherton, of Louisville, has been sentenced to 24 months in prison and ordered to pay $870,000 in restitution by U.S. District Judge Charles R. Simpson III, announced David J. Hale, United States Attorney for the Western District of Kentucky.  Netherton pled guilty to charges of engaging in a conspiracy to commit...

KENTUCKY — This week, Dave gives advice on rental property debt.. Dear Dave,. I have a rental property that I still owe some money on, and I’ve just begun Baby Step 2 of your plan. Should rental property debt be included in the debt snowball?. Matt. Dear Matt,. No, it shouldn’t. Baby Step 2 of...

KENTUCKY – The distressed condition of the national housing market, paired with high unemployment, has created a fertile environment for unscrupulous fraudsters seeking to take advantage of desperate homeowners.  Many homeowners who turn to loan modification or foreclosure “rescue” companies for help ultimately find that they have been scammed. An emerging trend in recent months...

KENTUCKY — In this week’s Dave Says, Davie discusses mortgage expense versus being debt free.. Dear Dave,. I’m 28, single, and I just became debt-free. In addition, I make $70,000 a year and have the equivalent of six months of expenses set aside for emergencies.. Should I save up to pay cash for a house,...