Navigating the Stress of Homebuying: A Gen Z Guide to Being Prepared
Buying a home is undoubtedly a stressful endeavor, but it’s also one of the most rewarding experiences you can have. With careful preparation, informed decisions, and a supportive team, you can navigate the process successfully. Embrace the challenges, stay resilient, and take pride in this significant achievement.
Optimizing Credit Card Use for the Best Mortgage Loan Terms
Use credit and an effective strategy to enhance your credit profile and improve your chances of obtaining favorable mortgage terms.
Navigating a Stormy Exit: Rebuilding After Layoffs
Whether you saw it coming or it blindsided you, losing your job is more than just a professional setback—it’s emotionally exhausting. Yet, amid the uncertainty and loss, there’s a way to rebuilding and reclaiming your next steps which will make all the difference.
The Benefits of a Credit Score Above 720
A high credit score is more than just a number; it’s a gateway to numerous financial benefits and opportunities. For many, achieving a credit score above 720 is a significant milestone, opening doors to better loan terms, lower interest rates, and a range of financial perks. This blog post explores the advantages of maintaining a credit score above 720 and how it can positively impact various aspects of your financial life.
The Harrowing Mortgage Qualification Process: A Call for Transparency
Sept. 15, 2008: Lehman Brothers laid off employees as it filed for bankruptcy. MARY ALTAFFER/AP PHOTO The mortgage qualification process is often perceived as a labyrinthine journey, fraught with complexities and opacity. For many prospective homeowners, this convoluted system presents significant barriers, making the dream of owning a home seem unattainable. At Revve, we learned […]
The Unseen Struggles of Self-Employed Workers: A Critical Examination of Bank Statement Loans
The Complex Reality of Bank Statement Loans Bank statement loans are a type of mortgage that lenders offer to self-employed individuals who may not have the traditional income documentation, such as W-2s or tax returns, required for a conventional mortgage. Instead, lenders rely on bank statements to verify income. On the surface, this might seem […]
The House that Friends Built: How Loved Ones Shape Our Homebuying Decisions
Homebuying is one of life’s grand adventures, much like embarking on a quest for the Holy Grail or trying to assemble a piece of IKEA furniture without the instructions. It’s a journey filled with excitement, uncertainty, and, if you’re lucky, a bit of humor. But if there’s one thing that can turn this quest into […]
Money Printing: Understanding Government Currency Creation
Have you ever wondered how governments manage to keep printing money without ever running out? The concept of money printing can seem perplexing, even mystifying, to many. We will briefly explain the process of government currency creation and explain why governments will never run out of money to print. 1. The Basics of Money Creation: […]
On Becoming a First Time Landlord and Staying Above Water
As a first-time landlord, stepping into the world of real estate investment was an exciting but ultimately all-consuming harrowing experience. While I was eager to become a real estate investor, there were many things I wish I had known before taking the plunge. In this post, I’ll share my thoughts as a first-time landlord and […]
The Millennial Housing Struggle: Contrasting Homeownership Challenges with Our Parents’ Generation
As millennials, we often find ourselves caught in the crosshairs of economic challenges that make achieving traditional milestones, like homeownership, feel like climbing Mount Everest. While our parents’ generation may have purchased homes with relative ease, our journey to homeownership is fraught with obstacles that previous generations didn’t face. So, why is it so much […]