According to a recent Freddie Mac report, Orlando is the fifth most rent-burdened metro area in the United States. As cities throughout Central Florida share drastic rises in rent, tenants are questioning whether they should renew their leases or jump into homeownership. If you're... Continue reading
Taking a different route to the traditional payday isn't easy, but it can be incredibly rewarding. If you're ready to take on the role of landlord or want to start flipping the fixer-uppers in your city, here are the top things to consider when... Continue reading
Buying a fixer-upper has become a trend in recent years for investors and first-time homebuyers who cannot find or perhaps cannot afford turnkey homes. However, for those deciding on buying a fixer-upper, the question often becomes, ÂIs investing in a fixer-upper more of a... Continue reading
Paying off your mortgage early can come with a host of benefits. You can free up money for travel or retirement, tackle other debts, or even financially protect yourself from losing your home. However, achieving these can be difficult without the proper planning or budgeting.... Continue reading
FHA loans are one of the strongest financing options for first-time buyers, and condominiums are one of the most affordable and easily maintained property optionsÂbut FHA-backed condo loans have not always been an easily accessible mortgage solution. However, with new FHA updates from the... Continue reading
As opposed to a move-in ready, entry-level home, a fixer-upper may be a lower-priced, established house that requires some repairs. While fixer-upper homes can be a home-buying solution to those with a limited budget, there are also renovation expenses to consider. Fortunately, certain loan... Continue reading
There are numerous mortgage loan programs available in which you can make a minimal down payment (sometimes as low as zero), but making a larger down payment when purchasing a home has intrinsic benefits that can help a potential homeowner save money in the... Continue reading
There are multiple benefits available for veterans securing a VA loan and recent updates make VA mortgage loans an even better choice for some. Â To better prepare veteran borrowers for their next big purchase, let's take a look at what the 2020 VA loan... Continue reading
The Freddie Mac's CHOICERenovation Loan is a great solution for potential homeowners who are looking to buy a property that they must repair and renovate. Potential homeowners looking at Âfixer-uppers can really benefit from this loan that allows them to roll in the costs... Continue reading
Like insurance, property taxes are often a forgotten part of a mortgage payment. Property taxes can go up as time goes on as the value of your home rises. Therefore, considering this aspect of your mortgage payment before you buy can help save you... Continue reading
Anyone gearing up for a mortgage application is going to take some time to prepare their information, gather necessary documents, and comb through their credit reports. However, for those who write their own paychecks, the process can be a little trickier. With a few... Continue reading
If you apply for a mortgage here at Butler Mortgage (or any other lender in the U.S.), we will likely request your tax returns before offering any financial assistance. While you would think that normal financial documents cover everything needed to get a mortgage,... Continue reading
Buying a house for the first time can be a daunting task. The initial down payment, closing costs, and mortgage rates all have large price tags attached and are full of minute details that can be missed by the average customer. The last thing... Continue reading
Getting a first mortgage can be a difficult task. Raising the necessary funds to make the first down payment can be stressful for some people, and if you do not have a great credit score or are relatively unestablished, this can become an even... Continue reading
When buying a home, many people worry about being able to pay the initial out-of-pocket costs. With the burden of having a large down payment, the extra closing costs can cause people to have to wait on buying their home. However, it can work... Continue reading
