Get Pre-Approved for a mortgage today, trust me

Why You Should Get Pre-Approved for a Mortgage   What is mortgage pre-approval and how can it help you to get the house of your dreams? Find out the answer here. Image Credit: Getty Images If you're shopping for a home, one of the first things you should do is go to the bank to … Continue reading Get Pre-Approved for a mortgage today, trust me

Are you sitting on Home Equity?

Homeowners are sitting on a record $6 trillion in equity. Why aren’t they using it? Rising interest rates are making lines of credit more expensive... and Americans may still be leery of cash-out refis American homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and … Continue reading Are you sitting on Home Equity?

9 Grants and Programs for First-Time Homebuyers

9 Grants and Programs for First-Time Homebuyers By Rachel Hartman (TNS)—Buying a home for the first time can be daunting. In addition to mountains of paperwork and new financial terms to sort through, you’ll face costs and fees that can quickly add up. In short, purchasing a home isn’t a financial step to take lightly. … Continue reading 9 Grants and Programs for First-Time Homebuyers

10 Tips for Finding the Best Deal on Your Mortgage

From USNews 5/11/15 Most people will need a mortgage to buy a home. That means that not only do you need to shop for a home, you need to shop for a home loan. But a survey of 2013 borrowers by the U.S. Consumer Financial Protection Bureau found that almost half of borrowers didn't shop … Continue reading 10 Tips for Finding the Best Deal on Your Mortgage

Don’t make these 5 mistakes

5 Mistakes That Delay Mortgage Approvals (and How to Avoid Them) From YahooHomes.com 4/8/15 One of the hardest parts of getting a mortgage is interpreting advice from all the parties involved: mortgage lender, real estate agent, insurer, attorney or escrow officer, tax adviser, financial adviser, plus your family, friends and colleagues. Since your mortgage lender is … Continue reading Don’t make these 5 mistakes

4 Simple Strategies to Shave Years Off Your Mortgage

From Zillow 2/27/15 No one wants to spend longer making mortgage payments than they have to. The obvious way to pay off a mortgage faster is to get a shorter-term loan, like a 15-year instead of a 30-year. But on a $300,000 home purchase with 10 percent down, you’ll pay about $620 more per month … Continue reading 4 Simple Strategies to Shave Years Off Your Mortgage

The key to understanding your mortgage payment

From Credit.com 12/8/14   Calculating how much home you can afford can be difficult and feel overwhelming. You need to consider how much down payment your finances allow as well as the monthly payments you can realistically make before finding the right home. One term you will hear during the mortgage phase of buying a … Continue reading The key to understanding your mortgage payment

Mortgage Insurance Paid Upfront

From NYTimes.com 11/6/14 Private mortgage insurance is the bane of home buyers who can’t put down at least 20 percent. The insurance protects the lender in the event that a borrower defaults on a property with little equity, but it also guarantees a considerably higher monthly mortgage payment. An increasingly popular alternative allows borrowers to … Continue reading Mortgage Insurance Paid Upfront

Mortgage rates down again

Freddie Mac: Mortgage rates down again; 30-year averaging 4.12% From LATimes.com 5/29/14 Fixed mortgage rates fall for fifth straight week to lowest level of 2014. Inflation? What's that? Mortgage rates continue decline. Freddie Mac says mortgage rates continue to fall; 30-year now averaging just 4.12%. Fixed mortgage rates declined for the fifth straight week, with … Continue reading Mortgage rates down again