The latest posts and resources from the Loan Cabin Team
Resources
U.S. Real Estate Market in 2023: 60 Vital Statistics You Need to Know
In the intricate framework of the U.S. economy, real estate represents not just transactions but the embodiment of American aspirations. Spanning from the tranquil suburbs of the Midwest to the bustling high-rises of New York …
How Much Does Mortgage Refinancing Cost: Everything You Need to Know
The decision to refinance your mortgage comes with its fair share of headaches, mainly due to the array of costs involved. This guide will hopefully alleviate that stress by shedding light on the intricate components …
Unlocking the Value of Your Home: A Guide to Understanding Reverse Mortgages
Homeownership is a cornerstone of the American Dream, and for many, it represents one of their most significant assets. Over time, as homeowners age, they might find themselves rich in assets but constrained in liquidity. …
The 3 Most Important Factors Affecting Mortgage Rates in 2023
Whether you’re an investor, a current homeowner, or someone considering entering the housing market, mortgage rates are likely a topic of great interest to you. In 2023, these rates are influenced by a variety of …
How Do Construction Loans Work?
Building a home is an exciting project, full of possibilities and personal touches. However, most people require a construction loan before diving into this dream project. It’s worth noting that these loans aren’t quite like …
How Much Are Closing Costs When Purchasing a Home?
Embarking on the journey to homeownership is a profound experience. For many, it’s not just about buying a house—it’s about fulfilling a dream, planting roots, and establishing a sense of belonging. As you visualize unlocking …
When Will Mortgage Rates Go Down? August 2023 Analysis
Mortgage rates in August 2023 have not just inched up — they’ve catapulted to peaks that the U.S. hasn’t grappled with in over twenty years. Such unprecedented shifts naturally brew unease. Whether you’re a hopeful …
How to Calculate Your Mortgage Payment: A Detailed Guide for New, Seasoned and Potential Homeowners
Navigating the world of mortgages might seem like struggling to find your way through a maze. Still, it’s crucial to grasp its various aspects – from calculating monthly payments to understanding different mortgage types. This …
Interest-Only Mortgages: Benefits, Risks, and Alternatives
In the vast landscape of home financing, interest-only mortgages stand out as a unique option that offers immediate financial relief but demands careful consideration. While they might seem attractive due to their lower initial payments, …
Unlocking the Secrets of Mortgage Refinancing: When Is It the Right Time?
Over the past few years, describing the global financial landscape as stable would be a massive misrepresentation. The repercussions of the pandemic, particularly the escalation of interest rates, have profoundly impacted the realm of property …
Understanding Fix and Flip Loans: A Beginner’s Guide
Fix and flip loans are a specific type of real estate financing designed for buying and renovating distressed properties for resale. If you’re an investor aiming to transform a rundown property into a lucrative investment, …
Master The Path to Homeownership: Securing a Mortgage with a Low Credit Score
Obtaining a mortgage with low credit can be challenging, but it is not impossible. For those aspiring homeowners with low credit ratings, there are still viable pathways toward financing that can turn their dream of …