AP Photo/Kin Cheung As coronavirus fears hit financial markets, U.S. mortgage rates dropped to an eight-year low. The average rate on a 30-year fixed mortgage hit 3.34% on Monday, according to Mortgage News Daily. That rate hit 3.34% for one day in 2016, before spiking much higher. Previously, rates have not been this [...]
US Sees Lowest Mortgage Interest Rates in 3 Years August 8, 2019 By Jay Hurst, Co-Founder of Hurst Lending & Insurance Even if you have a good rate on your current 30-year mortgage, every homeowner should be looking at their financial situation right now to see if a refinance of some [...]
How to Save & Make Money Buying a “Fixer Upper” as an Investment Property by Scott Bialek, Co-Founder of Hurst Lending In my first blog of this 3-part series, I shared a case study in which a bridge loan was the key to not only winning an edge over other buyers, but also [...]
Using a Bridge Loan to Win a Competitive Edge by Scott Bialek, Co-Founder of Hurst Lending People say I’m a problem solver because I’m constantly looking for ways to help real estate investors (myself included!) be more successful and overcome common stumbling blocks. In real estate investing, creative solutions can ensure success. When [...]
Want to use your short-term rental income to refinance your mortgage? Hurst Lending can include VRBO and Airbnb income when considering your mortgage refi qualifications. Historically, Short-Term Rental Income Could Not Be Considered When Qualifying for a Refi Refinancing your mortgage for a better interest rate can translate to big savings and [...]
Save Big with a Refi This Spring Interest Rates the Lowest in Over a Year Even if you have a good rate on your current 30-year mortgage, this month's low rates might mean that a refinance could save you serious money. Current rates for a 15 year fixed rate mortgage are hovering around 3.5% [...]
Are you an Early Retiree who's ready to move? Should I take Money Out of My 401(k) To Purchase a New Home? In almost all cases, drawing from your retirement, or 401(k), account is not a good idea. Saving money through a 401(k) provides opportunities for tax breaks and employer contributions, but requires discipline [...]
What is a Multi-Family Loan? Federal Housing Administration loans (or FHA loans, for short) are hugely popular for first time homeowners. From low closing costs and low down payment requirements, to reasonable credit qualifications, the advantages to consumers are numerous. It’s less commonly known that, in addition to assisting people in financing single-family dwellings, FHA [...]
When a Refi Makes Sense In our post 4 Ways to Make Refinancing Work for YOU!, we explain how you as a homeowner can take advantage of refinancing opportunities. From lowering your monthly payments to paying less interest, there are a number of reasons why it’s smart to refinance. However, that still leaves the question of [...]
Home Loans During Divorce Anyone that has gone through a divorce will tell you that it was one of the most difficult times in his or her life. Having your daily routine that you’ve relied on for years pulled out from under you can be incredibly hard by itself. Then, mix in the fact that [...]
