Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage Mortgages can be complicated business – fortunately there are a ton of great calculators out there that take the legwork out of ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash Out Refinance vs. Rate and Term ...

It’s time for another mortgage match-up, though this installment is more about distinction than rivalry. If you’re in the market to refinance your current mortgage ...

Should You Bother Refinancing Your Current Mortgage ...

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...

10 Ways to Build Home Equity

These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...

A Mediocre Credit Score Will Cost You ...

While there are a number of factors that determine what mortgage rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the ...

6 Things Holding Renters Back From Becoming ...

A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six main issues ...

Latest Posts

Wells Fargo yourFirst Mortgage: You Only Need a 3% Down Payment

Wells Fargo yourFirst Mortgage: You Only Need a 3% Down Payment
May 26, 2016 No Comments »

The nation’s largest mortgage lender, Wells Fargo, is now offering mortgages to home buyers with just 3% down via their new “yourFirst Mortgage.” I’m assuming the new loan program is based on Fannie and Freddie’s 97% LTV program announced back ... Read More »

If You Put Down Less Than 20%, You’re Paying Mortgage Insurance

If You Put Down Less Than 20%, You’re Paying Mortgage Insurance
May 24, 2016 No Comments »

Here’s yet another anecdote involving some buddies who were arguing about their mortgages. This seems to be a trend lately. In short, both guys put less than 20% down on their respective home purchases, but one argued that he didn’t ... Read More »

Know Which Type of Mortgage You Want Before Speaking to Any Lenders

Know Which Type of Mortgage You Want Before Speaking to Any Lenders
May 19, 2016 No Comments »

So I was chatting with a couple buddies the other night about their mortgages, as I do sometimes, and the two of them were engaging in some light sparring. Basically saying their “mortgage guy” was better than the other’s “guy” ... Read More »

A Return to Bubble-Era Home Prices Doesn’t Signal a Crisis

A Return to Bubble-Era Home Prices Doesn’t Signal a Crisis
May 18, 2016 No Comments »

There’s renewed fear that another housing crisis is on the horizon because home values are inching closer and closer to their so-called “bubble-era prices.” However, this line of thinking is flawed for a number of reasons, the most obvious being ... Read More »

Two Simple Ways to Boost Your Credit Score Before Applying for a Mortgage

Two Simple Ways to Boost Your Credit Score Before Applying for a Mortgage
May 16, 2016 No Comments »

About a month ago, I cautioned readers to avoid swiping the credit card before applying for a mortgage. In short, the more you charge, the higher your outstanding balances. And the higher your balances, the lower your available credit and ... Read More »

You Can Buy More House If You Put More Money Down

You Can Buy More House If You Put More Money Down
May 10, 2016 No Comments »

I was reading through the latest quarterly home price report from the National Association of Realtors yesterday and stumbled upon an interesting nugget. It might seem obvious, but it’s worth pointing out to prospective home buyers who might be lacking ... Read More »

Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?

Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?
May 3, 2016 No Comments »

I’ve already written at length about the pros and cons of a 15-year fixed mortgage, but some financial experts claim you shouldn’t even buy a home if you can’t afford this shorter-term mortgage option. You know, guys like Dave Ramsey, ... Read More »

High Home Prices Are Completely Canceling Out the Benefit of Ultra Low Mortgage Rates

High Home Prices Are Completely Canceling Out the Benefit of Ultra Low Mortgage Rates
May 2, 2016 No Comments »

It’s no secret mortgage rates have been on sale for a while now…the problem is homes aren’t anymore. Instead, they’re hitting new all-time highs in many regions of the country, and inching closer to their previous highs in plenty of ... Read More »

Nearly Half of Home Purchases Are Delayed Due to Low Credit Scores

Nearly Half of Home Purchases Are Delayed Due to Low Credit Scores
May 2, 2016 No Comments »

I’ve written about the importance of credit scores before, especially when it comes to getting a mortgage, mentioning that you could save tens of thousands of dollars if you simply had excellent credit. Fortunately, it appears that the general public ... Read More »

Paying Your Mortgage Faster So You Can Actually Sell Your Home

Paying Your Mortgage Faster So You Can Actually Sell Your Home
April 28, 2016 No Comments »

Most people seem to be obsessed with paying off their mortgage early, whether it’s good for them or not. Clearly it’s a psychological victory to tackle a giant debt and free yourself from the grips of your evil mortgage lender. ... Read More »