Are you ready to buy a home? You need to know what your bank is looking for when you apply for a home loan. Are you ready to finally purchase a home, or in the planning stages of doing so? Regardless of your home-buying situation, it helps to know what […]
Mortgage payments can usually spike and understanding why they do so can help you from being caught unaware. Shopping for a mortgage can take about as much time as shopping for a home. Let’s say you finally decided on a fixed rate mortgage, you most likely thought you were committing […]
If you want to save money and build equity at a faster rate, a 15-year mortgage could be the thing to help you. 15-year mortgages are worth considering if your budget allows for it. Doing so may allow you to make half as many mortgage payments and owe thousands less in […]
If you’re thinking about refinancing your house, these tips are worth reading. The housing market crash has a definite silver lining. Because of it, we’re currently seeing some of the lowest rates in recent history! That’s not just good news for new buyers, either. If you currently have a mortgage, […]
Making biweekly mortgage payments may not be as good as it sounds. Traditionally, mortgage payments are paid on a monthly basis. You submit your payment once a month, and the mortgage company applies this to principle, escrow, and your interest. In theory, this method will get you to pay less interest […]
Relaxed restrictions make FHA loans seem appealing, but tread carefully. If someone told you that FHA loans make it way easier to qualify for a home loan, meaning that you could purchase your dream home, would you say yes? Of course you would! But it’s not all sunshine and rainbows. […]
Pay off your home quicker, and watch your investment grow. Paying off your mortgage can feel a lot like dumping money into a black hole. It feels like you’re losing your hard-earned cash in an endless abyss and never really getting to enjoy the investment. But it’s not entirely like […]
Don’t let your low credit score get in the way of your homeownership dreams. We may not like it, but numbers determine a lot of what we are able to do. Just like your GPA can affect which university you get accepted to, your credit score will determine if your […]
How to know if you should downsize to a smaller home. All of the baby birds have flown from the nest, and they’re starting to make their own nests now. When you have more spare bedrooms than the ones in use, it might be time to think about buying a […]
Is an FHA loan the right choice in the end? FHA loans can be attractive to those who are concerned about qualifying for a home loan. They can be less restricted, making it easier for new home buyers to get approved. Many hungry young home buyers find themselves ready to […]