jpalmortgage
Can Retirement or Investment Assets Be Used to Qualify for a Mortgage? When most people think about qualifying for a mortgage, they think about pay stubs, W-2s, tax returns and employment income. But what if you have substantial money in a 401(k), IRA, brokerage account or other investment account? Can those assets actually help you…
10 Things to Know About Lake Home Financing Buying a lake home is a little different from buying a typical house. Whether you’re looking for a Michigan lake house, cottage, or cabin, understanding the financing before you start shopping can save you time, money, and headaches. Here are 10 things to know about lake home…
10 Reasons Michigan Is the Best State to Own a Vacation Home — and Finance It With JPAL Mortgage Thinking about buying a second home, cottage, lake house, or cabin? Look no further! Michigan gives you plenty of reasons to make it your vacation destination—and JPAL Mortgage gives you plenty of reasons to make us…
What Happens If I Can’t Refinance After Divorce? One of the most common concerns after a divorce is what will happen to the family home. Many divorce agreements state that one spouse will keep the home and refinance the mortgage into their own name. But what happens if that refinance doesn’t go as planned? If…
What Are Considered Assets When Applying for a Mortgage? If you’re planning to buy a home or refinance, you may hear your lender ask about your assets. That often leads to another question: “What are considered assets when applying for a mortgage?” The answer is simple: Assets are financial resources you own that have value…
Can I Use a Cash-Out Refinance to Build a Pole Barn or Detached Garage? If you’re a homeowner in Michigan and you’re dreaming about adding a pole barn, detached garage, workshop, or storage building to your property, you may be wondering: “Can I use a cash-out refinance to build a pole barn or detached garage?”…
Cash-Out Refinance vs. Home Equity Loan: Which Is Better for Michigan Homeowners? If you’re a homeowner with equity in your property, you’ve probably wondered: “Should I do a cash-out refinance or a home equity loan?” Both options allow you to access the equity you’ve built in your home, but they work very differently. Neither option…
Is It Smarter to Live at Home First or Buy a Home? A Michigan First-Time Buyer Guide If you’re thinking about buying your first home, you may be asking yourself: “Should I keep living at home to save money… or should I just buy a house now?” It’s a very common question — especially for…
Can I Buy a House While Living With My Parents? (Michigan First-Time Buyer Guide) If you’re currently living with your parents and thinking about buying your first home, you may be wondering: “Can I buy a house while living with my parents?” The answer is: Absolutely. In fact, many first-time homebuyers today are doing exactly…
Best Jumbo Mortgage Lenders in Michigan (Why JPAL Mortgage Leads The Way) If you’re buying or refinancing a higher-priced home, you’ve probably searched: “Best jumbo mortgage lenders” “Recommended jumbo lenders in Michigan” Jumbo loans are different from standard mortgages — and choosing the right lender matters more than most people realize. What Makes a Great…