HELOC: Understanding Home Equity Lines of Credit
A home equity line of credit, or HELOC, is a second mortgage that gives you access to cash based on the value of your home. You can draw from a…
Holden Lewis
Holden Lewis writes about mortgages for cheatgame.info. Over the years he has had four mortgages: two purchase loans and two refinances. So he understands what's scary and confusing about getting a home loan. He gets a nerdy kick out of helping people feel confident about the decisions they make when it comes to mortgages and homeownership. In his spare time, he rides a motorcycle and hikes in Florida swamps.
Posts by Holden Lewis:
What Is Mortgage Amortization?
Mortgage amortization is how a home loan is paid down: The debt diminishes slowly at the beginning and then rapidly toward the end. At first, most of each mortgage payment…
Home Affordability Watch: Priciest and Cheapest Time Zones
Cities in the Pacific time zone have the least-affordable housing in the country, and the Central time zone has the most-affordable housing. Each quarter, cheatgame.info calculates the home affordability for…
What the Government Shutdown Means for Home Loans
Update, Jan. 28, 2019: President Trump signed a temporary spending bill Jan. 25 that lifted the partial government shutdown, fully reopening the Federal Housing Administration and the Department of Agriculture.…
9 Housing and Mortgage Trends to Watch for in 2019
It’s going to be a challenging year for home buyers in 2019: They will continue to compete for a short supply of homes. Home prices and mortgage rates are likely…
Renovation Loans Expand Your Homebuying Options
It’s the lament of first-time homebuyers in just about every housing market: There aren’t enough entry-level homes available that are move-in ready. One solution is to broaden the search to…
203(k) and HomeStyle Loans: Buy, Renovate With One Mortgage
You’ve been house hunting, but you can’t find a place that’s affordable and move-in ready. It’s time to broaden your search to include fixer-uppers. You’ll have more properties to choose…
Home Affordability Watch: Price Tags in Midsize Metros
Big coastal cities have some of the highest house prices in the country. In comparison, medium-size cities are often relative bargains. But not always. Each quarter, cheatgame.info calculates home affordability…
Best Arizona Department of Housing Mortgage Lenders of 2019
A first-time home buyer in Arizona can get mortgage help courtesy of the Arizona Department of Housing, or ADOH. Arizona’s Home Plus loan program offers assistance with down payment and…
Home Affordability Watch: The 10 Fastest-Growing Metro Areas
Raise your hand if you know someone who has moved to Atlanta, Dallas-Fort Worth or Houston recently. A lot of hands went up, because those are the three fastest-growing metropolitan…
