Mortgage Tips

Simple tips to help you save money on your mortgage.

The Rent vs. Buy Argument Depends on Mortgage Type Too

The Rent vs. Buy Argument Depends on Mortgage Type Too
October 15, 2014 No Comments »

Trulia releases a quarterly Rent Versus Buy report to determine if it makes more sense to buy a home or continue renting based on current metrics. Their latest report for the third quarter of 2014 revealed that buying is still 38% ... Read More »

Using a Home Equity Loan to Pay Off Your First Mortgage

Using a Home Equity Loan to Pay Off Your First Mortgage
September 30, 2014 No Comments »

In case you weren’t aware, people tend to be obsessed with the idea of paying off their mortgages. For many, it’s a major lifelong goal to pay off the mortgage in full. For others, it’s a nagging debt that they’d ... Read More »

I’ve Been Offered the Opportunity to Skip Two Mortgage Payments

I’ve Been Offered the Opportunity to Skip Two Mortgage Payments
September 24, 2014 No Comments »

So I received an unmarked piece of mail the other day, and whenever that happens, I know it’s going to contain some kind of nonsense. Upon opening the letter, which I could have easily just thrown away, I discovered that ... Read More »

Are Mortgage Calculators Actually Accurate?

Are Mortgage Calculators Actually Accurate?
September 18, 2014 No Comments »

Time for more mortgage Q&A: “Are mortgage calculators accurate?” Just about anyone looking to buy a property or refinance will rely upon a calculator to get a better understanding of what their monthly payment might be. But not all mortgage ... Read More »

What You Can Afford Isn’t Necessarily What You Should Spend on a Home

What You Can Afford Isn’t Necessarily What You Should Spend on a Home
August 21, 2014 2 Comments »

Most individuals shopping for a home will determine how much they can afford before beginning a property search. It’s the sensible thing to do. This could include back-of-the-envelope calculations, online calculators, and even a pre-approval letter from a bank or ... Read More »

Rising Rents Could Be a Good Reason to Buy a Home Today

Rising Rents Could Be a Good Reason to Buy a Home Today
August 13, 2014 No Comments »

Despite the fact that home prices have risen by double-digits over the past couple years, buying might still beat renting because monthly rents are also climbing at a rapid clip. Lately, there have been numerous reports and frightening new stories ... Read More »

Have Massive Home Price Gains Eclipsed the Benefit of Low Mortgage Rates?

Have Massive Home Price Gains Eclipsed the Benefit of Low Mortgage Rates?
August 6, 2014 No Comments »

The new threat to those resisting the urge to buy real estate (how dare you) is the risk of rising mortgage rates. All the pundits believe interest rates are headed closer to 5% for a 30-year fixed, up nearly a ... Read More »

Don’t Buy a House Because You Don’t Want to Miss Out

Don’t Buy a House Because You Don’t Want to Miss Out
June 17, 2014 No Comments »

I’m sure regular readers of this blog see me as a bit of a pessimist, perhaps a little cynical. After all, I bring the bad news and skepticism quite often on this blog, though I do try to sprinkle in ... Read More »

If You Can’t Pay the Mortgage, Live in Your Awesome Garage

If You Can’t Pay the Mortgage, Live in Your Awesome Garage
June 4, 2014 No Comments »

Here’s a novel idea. If you’re having trouble paying the mortgage, and you can’t get any assistance from your lender/servicer, you don’t need to give up your home. You just can’t live in the main house anymore. That’s what one ... Read More »

Can Low Mortgage Rates Save the Spring Home Buying Season?

Can Low Mortgage Rates Save the Spring Home Buying Season?
April 17, 2014 No Comments »

So far, the traditionally strong spring home buying season is off to a not-so-great start. A pair of reports from DataQuick revealed that home sales in Northern and Southern California were at six-year lows in March, despite a strong seasonal ... Read More »