Mortgage
How a Lender Reviews Your Mortgage Application
Most of us have filled out a mortgage application at one time or another. Have you ever wondered what they are actually looking for when going over your application? If you’re currently looking to purchase a home, it might be helpful to understand how a lender reviews your information. Even if you’re not in the […]
3 Ways to Lower Your Mortgage Payment
If you are having trouble paying your bills every month, you are not alone. Even though the media says we are in recovery mode with the economy ask yourself if your economy is better. I would guess your answer would be “No”. It’s hard to find ways to cut back on expenses. Most family budgets […]
Why You Should Compare Mortgage Rates before Taking the Plunge
Buying a home is one of the most important investments most people will make. It takes time to shop around and find the right property with all of the required features. Once a home is picked out, there is still work to be done. Instead of just settling for the mortgage rate quoted by the […]
4 Questions You Need To Ask Before Applying for a Mortgage
Today many people are taking advantage of the new Home Affordable Refinance Program (HARP). I recently refinanced my home mortgage and reduced my interest rate by 1%. My new payment is almost $200 less. It’s quite a savings. When applying for a new mortgage most people just focus on the lower percentage rate and the […]
3 Ways to Save By Finding the Best Interest Rates
Saving money does not have to be rocket science. Even if you have traditional consumer debt such as a mortgage, auto loan, and credit card debt, you can still save money while paying down those debts. Ask questions, and know your account terms for best results. There are three basic ways that most consumers can […]
Can a Charge Card Affect your Mortgage?
A charge card is a way to pay to pay for purchases, however instead of the card being directly linked to your bank account, like a debit card for example, the user is indebted to the charge card issuer. By a certain date, at least once a month, the charge card holder is required to […]
Fixed vs Variable Mortgage Rates
Your home mortgage choice goes beyond which lender to use. Mortgages come in different types and each kind has its own distinct set of advantages and disadvantages. One of the most common decisions you’ll have to make is whether you want a fixed or adjustable rate mortgage. While it’s easy to be lured to the […]
Tips for Choosing the Ideal Mortgage
Before we talk about the ideal mortgage, we need to find the ideal lender, not always an easy task. Ideal Lender If you are buying a bank-owned property (that’s PC speak for foreclosed home), the ideal lender is the selling bank. They will be more likely to forgive any shortcomings that might show up in […]
Improve Your Mortgage Rate in 3 Simple Steps
With mortgages lasting for so many years, even a minor decrease in interest rate can go a long way, in saving huge bucks for you. So, it makes perfect sense for you to try to ensure the best mortgage rates for yourself before you apply for one. Consequently, below are three simple ways in which […]
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