StreamLoan's Blog

Bitcoin was the first cryptocurrency to ever hit the market. Far from its humble beginnings in 2008, Bitcoin is now the world’s biggest cryptocurrency with a market cap of $1.3 trillion ⁠— which, according to Anadolu Agency, is bigger than the market cap of global leaders Tesla and Meta. Today, consumers can buy more things than ever with Bitcoin, as it continues to gain recognition and work its way towards mass adoption.

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Do you need an accountant when buying a home?

A Page from Amazon, 1-Click HomeOwners Insurance Policy Quotes, Because Two Clicks is Too Many...

Fireside Chat with StreamLoan’s CEO and Co-Founder Stephen Bulfer

StreamLoan focuses primarily on the processes involved with buying homes and handling mortgages. But today, a lot of homeowners are exploring the idea of using their properties as rental assets, and in some cases even turning this action into a side business. Some are finding ways to generate significant income by renting out properties on platforms like Airbnb, and this is naturally leading others to want to give it a try. So for those who may be looking into home ownership and considering rental potential— or perhaps those who have recently secured homes and are thinking of the same — we are listing some of the important questions to ask before you start renting out.

Whether you have a current mortgage or plan to apply for a new one, there are many different avenues you can take to save money on your mortgage. With the current low interest rate environment from COVID-19 (as of August 2020) the borrowing environment is prime to put these tips into use. Here are 5 clever ways to save money on your mortgage.

Buying a home for the first time can be an intimidating, and at times scary process. The current COVID 19 pandemic has only made this process seem more stressful. However, there are a few basic tips and tricks, as well as online resources you can utilize, which will make buying a home for the first time a more approachable and pleasant experience, as it should be. Please see below 22 tips for a seamless first home purchase.

Credit scores heavily influence the process for the mortgage application. A higher credit score can help you lock in lower interest rates and provide lower monthly mortgage payments, which can potentially save you tens of thousands of dollars over the life of a 30-year fixed rate mortgage. A good credit score represents your dependability as a borrower. They are utilized by mortgage lenders to calculate the riskiness of lending to a borrower. While low credit scores can jeopardize your qualification for a loan or lead to higher interest rates, high credit scores equate to lower risks for defaults on loans and lower interest rates.  As a result, the borrower can get more house (higher purchase price), or a lower monthly payment on a lower priced home. Because of credit scores’ influence on the interest rates set for borrowers, it’s valuable to look into improving it as much as possible before your mortgage application. You don’t want a low credit score to jeopardize your ability to take advantage of the current low interest rates in 2020. It's also important to know that the credit system isn’t perfect and may not reflect perfectly your willingness or ability to repay a debt.