Mortgage Tips

Simple tips to help you save money on your mortgage.

Your Mortgage Has a Better Chance of Approval on a Sunny Day

Your Mortgage Has a Better Chance of Approval on a Sunny Day
February 11, 2016 No Comments »

Let’s forget about whether it’s okay for a mortgage to be easily obtained. Yes, I’m looking at you Rocket Mortgage. Thanks for riling everyone up. Instead, let’s talk about mortgage approvals and the weather. Yes, there’s apparently a correlation. When ... Read More »

It’s Mortgage Principal, Not Principle

It’s Mortgage Principal, Not Principle
February 4, 2016 No Comments »

Allow me to get testy about grammar for a minute (moment). I know I know, it’s lame to be a member of the grammar police and go after folks for using a word incorrectly. I’m sure I use words incorrectly ... Read More »

There Is No Mortgage Trick

There Is No Mortgage Trick
January 27, 2016 No Comments »

Over the years, I’ve seen tons of ads and articles about a so-called “mortgage trick,” only to click on the associated hyperlink and see nothing regarding any tricks. For the record, I’m always interested to see what someone might have ... Read More »

Here Come the Mortgage Alternatives

Here Come the Mortgage Alternatives
January 19, 2016 No Comments »

As the mortgage industry becomes less profitable, and perhaps more burdened with regulations and paperwork, lenders may increasingly offer alternative products to avoid the red tape and boost profits. There are also the disruptors, who are changing the way we ... Read More »

Now You Can Get a Mortgage Without a FICO Score

Now You Can Get a Mortgage Without a FICO Score
January 12, 2016 No Comments »

These days, pretty much all banks and lenders use FICO scores to determine your creditworthiness before approving you for a mortgage. It’s one of the most important steps a mortgage lender will take to determine eligibility. But one mortgage disruptor, ... Read More »

Redeem Citi Points for a Mortgage Payment Reward to Reduce Your Mortgage Balance

Redeem Citi Points for a Mortgage Payment Reward to Reduce Your Mortgage Balance
November 30, 2015 2 Comments »

There are plenty of ways to pay off the mortgage early, which I’ve already highlighted here, but I wanted to add another I recently stumbled upon. A few months back I applied for two Citi credit cards to take advantage ... Read More »

Trulia: Not a Bad Idea to Buy an Unaffordable Home

Trulia: Not a Bad Idea to Buy an Unaffordable Home
November 11, 2015 No Comments »

This headline may have caught your attention seeing that it sounds like terrible advice. But wait, let them explain. Well, let me explain Trulia’s rationale here so you aren’t up in arms. The company analyzed housing markets throughout the country ... Read More »

Why Most People Don’t Get Mortgages from Their Bank

Why Most People Don’t Get Mortgages from Their Bank
November 10, 2015 No Comments »

If you were to get a mortgage today, where would you go? Would you turn to your local bank or would you look elsewhere? I’d hope you’d take the time to comparison shop, seeing that many individuals do not, but ... Read More »

Why Do Mortgage Companies Want You to Refinance So Badly?

Why Do Mortgage Companies Want You to Refinance So Badly?
November 3, 2015 No Comments »

If you already have a mortgage, there’s a good chance you receive junk mail on a regular basis urging you to refinance. You may receive solicitations from both your current bank and from a competing lender or mortgage broker looking ... Read More »

Down Payment Protection for Your Home Purchase Is a Thing Now

Down Payment Protection for Your Home Purchase Is a Thing Now
October 7, 2015 No Comments »

There seems to be a new trend regarding insurance and homes losing value. Perhaps the unfortunate part is that all these new services are arriving at a time when home prices are rising, not falling. The latest thing I’ve come ... Read More »