HOME WITH ERIC · MORTGAGES REIMAGINED
Find an article about buying, moving or making sense of your mortgage. Start with your question.
705 articles to explore · Page 32 of 59
Articles marked “Substack” open the original in a new tab. Market updates reflect their original date.
A lower sale price can reduce cash available after paying costs and liens. It may also reduce the amount you can put toward a recast or the reserve you keep. Compare net proceeds under several pric...
Read the articleIt can be coordinated, but the plan depends on timing, funding and the ability to use sale proceeds for the purchase. Ask both closing teams what must happen and what the fallback is if the sale is...
Read the articleCompare expected rent with all ownership costs, vacancy, management and the cash tied up in the property. Keeping a favorable mortgage can be valuable, but it does not guarantee a profitable rental...
Read the article
A home sale contingency makes some part of your purchase obligation depend on selling your current home under the contract’s terms. The exact protection, deadlines and seller rights vary. Ask your...
Read the articleAdditional time means additional carrying costs and potentially more temporary loan interest or fees. Calculate the monthly overlap using both homes and every added loan, then see whether your cash...
Read the articleStart with an official payoff and realistic net sale estimate. If proceeds cannot cover the required debts and costs, you need a verified way to address the gap before closing. Contact the servicer...
Read the articleInclude transaction costs, deposits, prepaid items, overlapping housing costs and the practical cost of the move. Keep those separate from the cash reserve you want afterward. A purchase can fit th...
Read the articleNo. A smaller or less expensive home can still have different financing, taxes, insurance or association dues. Selling and buying also use cash. Compare the full monthly cost and net cash released...
Read the article
Some HELOCs offer a fixed rate conversion for eligible balances, while others do not. Ask about the available amount, rate, term, fees and effect on remaining line access. A fixed rate feature can...
Read the articleA cash out refinance replaces the first mortgage with a new loan. A HELOC generally adds a separate line secured by the home while keeping the first mortgage. Compare the whole debt picture, includ...
Read the articleNo. A lower payment may come from a lower rate, a longer term, a temporary payment structure or a combination. It improves monthly cash flow only if the other obligations are accounted for. Compare...
Read the articleWANT TO WORK THROUGH A DECISION?
Bring it to a Discovery Call. You do not need a complete application to start a conversation.