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

Pay Down Your Debts Before You Apply for a Mortgage to Increase Purchasing Power

Pay Down Your Debts Before You Apply for a Mortgage to Increase Purchasing Power
February 23, 2017 No Comments »

With home prices (and interest rates) on the rise, it’s getting more and more difficult to qualify for a mortgage. One simple strategy you can employ to boost your purchasing power is to pay down existing debts. I’ve already warned ... Read More »

BurkeyLoan: A 120% LTV Mortgage That’s Portable and Can Pay Off Student Loans

BurkeyLoan: A 120% LTV Mortgage That’s Portable and Can Pay Off Student Loans
February 21, 2017 No Comments »

It sounds like magic, doesn’t it? A mortgage that allows for a loan-to-value ratio as high as 120%, portability, and can be used to pay off student loans. Oh, and it can be tapped into when you need cash or ... Read More »

Mortgage Payments Are Eating Up Paychecks the Most Since 2010

Mortgage Payments Are Eating Up Paychecks the Most Since 2010
February 17, 2017 No Comments »

One of the best ways to determine housing affordability is to measure monthly housing costs versus income, otherwise known as your debt-to-income ratio (DTI). Lenders impose maximums to ensure borrowers can afford monthly payments. If too much of your income ... Read More »

Chase Wants You to Have a Digital Mortgage Experience

Chase Wants You to Have a Digital Mortgage Experience
February 16, 2017 No Comments »

While they might be better known for credit cards at this point, Chase also offers mortgages. And now they want to offer digital mortgages, or at least a digital mortgage experience. In other words, they don’t want to be your ... Read More »

Guaranteed Rate Affinity: Another Mortgage Lender and Real Estate Company Link Up

Guaranteed Rate Affinity: Another Mortgage Lender and Real Estate Company Link Up
February 16, 2017 No Comments »

The mortgage and real estate marriage trend continues, this time with Realogy and Guaranteed Rate joining forces to create a new venture known as “Guaranteed Rate Affinity.” This new partnership will result in a massive mortgage origination platform that pairs ... Read More »

Loftium Offers Mortgage Assistance If You Airbnb Your Extra Bedroom

Loftium Offers Mortgage Assistance If You Airbnb Your Extra Bedroom
February 8, 2017 No Comments »

Here’s a strange one – a new company by the name of Loftium is offering down payment money and “monthly mortgage assistance” if you agree to Airbnb one your new home’s extra bedrooms. The details are pretty scant, and hat ... Read More »

30-Year Fixed Could Rise Above 6% Within Three Years

30-Year Fixed Could Rise Above 6% Within Three Years
February 6, 2017 No Comments »

What goes down must go up, right? Well yes, eventually. It’s just a matter of how quickly and by how much. It’s been some time since anyone has publicly worried about all those trillions of mortgage-backed securities the Fed purchased ... Read More »

2017 Mortgage Rates Are Expected to Stay in the 4% Range

2017 Mortgage Rates Are Expected to Stay in the 4% Range
January 31, 2017 No Comments »

Before you panic, take comfort in the fact that mortgage rates probably won’t do too much in 2017, just as they haven’t in recent years, despite stark predictions telling us otherwise. I went ahead and compiled the 2017 mortgage rate ... Read More »

These Are the States Where Low Appraisals Are Most Common

These Are the States Where Low Appraisals Are Most Common
January 30, 2017 No Comments »

One of the most common reasons why a mortgage doesn’t actually close has do with the appraised value, and more specifically, a low appraisal. One of the three C’s of underwriting is collateral, which in the case of real estate ... Read More »

Redfin Mortgage Just Launched

Redfin Mortgage Just Launched
January 26, 2017 No Comments »

Whoa. In an unexpected turn of events, online real estate brokerage Redfin has launched a new mortgage service called, you guessed it, “Redfin Mortgage.” Well, maybe it wasn’t so unexpected, seeing that the mortgage trend is decidedly moving from refinances ... Read More »