As the interest rate environment continues to rise, it's becoming harder for Clients to secure mortgages with low-interest rates. This is a major concern for both first-time homebuyers and those who are looking to refinance their current homes. But, what if there was a way to ease this burden and make the dream of owning a home a reality? Enter Blink Lending & Investments' 2-1 BUYDOWN OPTION. The 2-1 BUYDOWN OPTION is a unique offering from Blink Lending & Investments that helps
Interest Rates
Decoding Loan Estimates: A Guide to Understanding Your Mortgage
A Loan Estimate is important when reviewing loan terms because it provides clear and detailed information about the estimated costs and terms of your loan. It includes information such as which can help you compare different loan offers and choose the best one that fits your financial situation. The Loan Estimate is a standardized form that helps you understand the loan terms and make informed decisions regarding your mortgage. It is important to carefully review the Loan Estimate and
How to Buy a Home with Changes in Interest Rates
Buying Power – Interest Rate vs Property Value It’s not breaking news that interest rates are at an all time low, so it’s one of the best times to buy that dream home, don’t you agree? Let’s dive into various perspectives – or peal back the onion if you will – and let’s uncover some real estate and investing trends and hopefully educate you on what it’s really like out there. At the time of this post, the interest rates are terrific. You have 30-year mortgages averaging in the mid to
Custom Loan Terms: A Valuable Option for Homebuyers and Investors
Flex Term vs Regularly Scheduled Terms Most people are likely familiar with the usual terms for a mortgage like 30, 20 or 15-year terms, but what if you are looking to refinance after paying six years into your mortgage and still have 24 years left? You may not want to go back to a 30-year loan or may not be ready to go down to a 20-year with a higher payment. This is where the Flex Term can come into play, as we would be able to get a term for 24 years so that you are able to stay in line
Discount Points: A Method to Lower Interest Rates on Your Mortgage
Discount Points And Is It A Good Idea To Buy Down Your Interest Rate? Here’s the scenario: you are looking to purchase your home or refinance your home and are reviewing your Interest Rate Options that your lender sent you, but you notice you have lower rates but are spending more in fees to get. These extra fees are called Discount Points and/or Pre Paid Interest. This gives you the ability to pay extra upfront in costs to get a lower rate for the life of the loan. Does this make sense to
BRRRR Strategy: Secrets You Didn’t Know
Buying Power – Interest Rate vs Property Value It’s not breaking news that interest rates are at an all time low, so it’s one of the best times to buy that dream home, don’t you agree? Let’s dive into various perspectives – or peal back the onion if you will – and let’s uncover some real estate and investing trends and hopefully educate you on what it’s really like out there. At the time of this post, the interest rates are terrific. You have 30-year mortgages averaging in the mid to
