Blog Articles | Silver Bay Lending
Oct 31, 2024

How a Reverse Mortgage Can Help Fund Healthcare and Home Renovation Needs

And with over 11,000 people turning 65 each day, the demand for innovative retirement solutions is greater than ever. We strive to enhance your financial options during retirement, providing you with the resources to navigate your golden years with confidence.

Oct 24, 2024

Highly Anticipated FHA 203(k) Loan Updates Coming Soon

With higher allowable renovation amounts and extended timelines, the 203k loan program is becoming increasingly flexible and attractive for homebuyers looking to invest in fixer-uppers.

Oct 16, 2024

Everything You Need to Know About Closing Costs

Buying a home is an exciting journey, but over 50% of first-time homebuyers are caught off guard by closing

Oct 10, 2024

A Homeowner’s Guide to Using an Escrow Account for Your Property Taxes

Property tax escrow accounts are a significant component of homeownership, providing a structured way to manage your property tax payments. By understanding how these accounts work, you can navigate your mortgage with greater confidence and ease.

Oct 3, 2024

Rental Costs Are on the Rise: Why Owning a Home Is More Attractive Than Ever

In the face of rising rental costs, the shift towards homeownership is more pertinent than ever. By taking advantage of down payment assistance programs and understanding the true benefits of owning, you can start paving the way toward a more secure financial future.

Sep 19, 2024

10 Home Maintenance Projects to Complete This Fall

Taking a proactive approach to home maintenance not only enhances your comfort but also helps prevent costly repairs in the future.

Sep 12, 2024

Why Banks Use Escrow Accounts for Homeowner’s Insurance and How It Benefits You

Navigating homeowner’s insurance and escrow accounts can seem complex, but understanding these components will help you manage your finances effectively.

Sep 5, 2024

203(k) Loans: Your Solution for Renovation and Appraisal Challenges

Whether you’re facing renovation funding challenges or dealing with appraisal issues, a 203(k) loan may provide a flexible solution to help you achieve your home improvement goals.

Aug 28, 2024

Number of Homes for Sale Increases by 19.8%: How to Navigate the Recent Surge in Inventory

The housing market is experiencing a notable shift as inventory levels increased by 19.8% year-over-year.

Aug 22, 2024

Real Estate Transfer Taxes: What to Consider When Selling Your Home

When it comes to selling a home, many homeowners are not aware of their state’s transfer tax,

Aug 15, 2024

Your Guide to Home Insurance: Strategies for Budgeting and Coverage Planning

The average annual cost of U.S. homeowners insurance is $2,511, or over $200 per month, according to Quadrant

Aug 8, 2024

The Future of Real Estate Commissions: Strategies for Paying Buyer’s Side Realtor Compensation

Prior to the NAR policy changes that are taking place in August 2024, sellers have historically covered

Aug 1, 2024

5 Important Steps to Take With Your College-Aged Children

Your child’s transition to adulthood is a special and exciting time for your family. This new stage of life, however, often comes with some additional responsibilities. Taking these simple, yet important, steps can help you and your family remain prepared and secure for the upcoming years.

Jul 22, 2024

ITIN Loans: How to Own a Home Without a Social Security Number

For borrowers without a social security number, finding suitable loan options can be incredibly difficult.

Jul 16, 2024

Yes, You Can Use Your 401k/IRA to Purchase a Property

Purchasing a home is a major milestone, and one of the greatest obstacles to achieving this financial goal is