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

Traditional 20% Mortgage Down Payment Could Be Cut in Half

Traditional 20% Mortgage Down Payment Could Be Cut in Half
May 22, 2017 No Comments »

I recently wrote about the need to put down 20% when buying a home, which although often recommended, isn’t a necessity these days. There are programs from both the FHA and Fannie Mae and Freddie Mac that allow much lower ... Read More »

Can Credit Card Churning Hurt Your Chances of Getting a Mortgage?

Can Credit Card Churning Hurt Your Chances of Getting a Mortgage?
May 18, 2017 No Comments »

These days, it’s not uncommon for individuals to open a bunch of credit cards in a short span of time to acquire lots of points and/or cash back. Those who do it on a serial basis are known as churners. ... Read More »

The Best Time to Buy a Home Is in August and September

The Best Time to Buy a Home Is in August and September
May 11, 2017 No Comments »

Wondering when the best time to buy a home is? Well, thanks to data science, we no longer have to guess. The very best time is late summer, namely August and September, this according to a new study from real ... Read More »

Chase Is Offering 100,000 Ultimate Rewards Points When You Take Out a Mortgage

Chase Is Offering 100,000 Ultimate Rewards Points When You Take Out a Mortgage
May 8, 2017 No Comments »

It’s not very common for mortgage lenders to offer cash back or some other sort of reward for taking out a mortgage. Generally, you might get some sort of closing cost guarantee or some assurance that if they screw up, ... Read More »

What Is Mortgage Protection Insurance? And Do You Need It?

What Is Mortgage Protection Insurance? And Do You Need It?
May 2, 2017 No Comments »

So you just closed on your mortgage and you’re beginning to settle into your new home (and your new loan). You’re assessing the many things that will need to be fixed and changed to make your house a home. Then ... Read More »

Do You Need 20% Down to Buy a House?

Do You Need 20% Down to Buy a House?
April 10, 2017 1 Comment »

It’s been some time since I’ve done mortgage Q&A, so without further delay, let’s explore the following question: “Do you need 20% down to buy a house?” If you chat with anyone older than 50 (maybe 60), they’ll probably tell ... Read More »

Is It Really Such a Great Time to Sell a House?

Is It Really Such a Great Time to Sell a House?
April 6, 2017 No Comments »

We’ve heard it for years now – that it’s a seller’s market. And it’s hard to argue that fact with home prices hitting new nominal highs in many states across the nation, month after month. If you’re a seller these ... Read More »

An FHA-to-Conventional Refinance May Allow You to Ditch MIP

An FHA-to-Conventional Refinance May Allow You to Ditch MIP
April 5, 2017 No Comments »

While refinance applications seem to be taking a backseat to purchase applications, there are still some good reasons to refinance your mortgage, even if rates aren’t currently at their best. First off, let me preface this with the fact that ... Read More »

Real U.S. Home Prices Remain 33.3% Below 2006 Peak

Real U.S. Home Prices Remain 33.3% Below 2006 Peak
March 28, 2017 No Comments »

Let’s talk about home prices again because there have been numerous reports of eroding affordability and fears that we might be topping out just five short years after hitting rock bottom. For example, the National Association of Realtors recently noted ... Read More »

Today’s Mortgages Are Not Your Older Sibling’s Mortgages

Today’s Mortgages Are Not Your Older Sibling’s Mortgages
March 22, 2017 No Comments »

While pundits and fusspots continue to question whether we’re headed for another housing bubble, consider this: The most recent mortgages were among the highest quality (lowest risk) since 2001. Indeed, mortgages originated during the fourth quarter of 2016 were of ... Read More »