Explore mortgage options, get pre-approval tips, and understand interest rates, loan types, and refinancing strategies. Whether you’re buying your first home or looking to refinance, this section helps you make informed mortgage decisions.
Buying a house is a huge financial decision. It may even be the biggest financial decision of your life. You may think you are ready to be a home owner, but you have to do your homework before making a purchase of this magnitude. Home buying can also be a very confusing and daunting task. … Read more
If you are still paying off a fixed mortgage and haven’t considered refinancing then you are losing out. Lenders have been offering new and greatly decreased rates for refinanced mortgages at any term. If you are only a couple years into your mortgage you may not believe that you can benefit as well, but the … Read more
Many people max out their housing budget, purchasing as much house as the bank will allow. There may be a benefit to buying a home that’s priced under what you can actually afford, even if it means buying a slightly smaller house than you initially intended. You’ll have a lower down payment. Mortgage down payments … Read more
Have you ever heard the old saying “don’t bite off more than you can chew?” In short, this means don’t take on more than you can comfortably handle. Unfortunately, many people make this mistake when buying a home. While your intentions are good, it’s easy to become so overwhelmed with the process that you end … Read more
Are you shopping for a new home? Are you ready to get serious about the process? If so, it won’t be long before you find yourself seeking a pre-approval from a bank. Once you have this in hand, it’s much easier to understand what you can afford, how much a particular home will cost each … Read more
When buying a home, there are few things more important than securing a solid interest rate from a reputable lender. There are many ways to go about doing so, such as contacting a variety of lenders on your own time. With this approach, you control the process from start to finish. Another common strategy is … Read more
Major life events can affect your finances and your ability to pay your bills. Job loss, disability, death of a family member, or relocation can create temporary hardship and make it difficult to stay on top of all your expenses. One option for affording your bills during short-term financial hardship is forbearance. Under forbearance, the … Read more
Purchasing a home has long been considered an essential part of the American Dream. That dream can turn into a nightmare in a matter of weeks if you purchase a home before you’re ready. Wondering whether you’re ready for a mortgage? Here are some signs you’re not. Your credit isn’t in great shape. Not only … Read more
Are you facing challenges when it comes to making your mortgage payment in full and on time every month? Are you ready to make a change for the better? If you’re interested in remaining in your home, it may be time to discuss a mortgage loan modification with your lender. This may sound like a … Read more
When shopping for a home, there will soon come a time when you turn your attention to the mortgage process. In other words, you’ll need to answer this question: which lender can provide you with the best loan product? Rather than beat yourself up, rather than worry that you’ll never make the right decision, it’s … Read more
