Mortgage Tips

Simple tips to help you save money on your mortgage.

See Which Phase of the Housing Cycle Your City Is In

See Which Phase of the Housing Cycle Your City Is In
September 22, 2016 No Comments »

Recently, I wrote about when the next housing crash might take place. For opportunists, it’s something to look forward to. For others, and frankly most people, it’s a disaster waiting to happen…though today’s mortgages are pretty boring and largely affordable, ... Read More »

21 Things That Can Drive Your Mortgage Rate Higher

21 Things That Can Drive Your Mortgage Rate Higher
September 21, 2016 No Comments »

Wondering why you didn’t receive the low mortgage rate you saw advertised on TV? Well, there are a ton of reasons why the quote you obtained was higher. Let’s explore a lot of them. 1. Low credit score This is ... Read More »

18 Reasons to Refinance Your Mortgage

18 Reasons to Refinance Your Mortgage
September 14, 2016 No Comments »

There are many reasons to refinance your mortgage, some obvious and some a bit more obscure and/or different. I figured I’d compile a list of the many reasons I can think of to refinance. Some of the situations are complete ... Read More »

It’s Not Hard to Get a Mortgage Today

It’s Not Hard to Get a Mortgage Today
September 13, 2016 No Comments »

I read an article recently that argued it’s hard to get a mortgage these days. Just seeing the headline got me a little fired up. When it comes down to it, it’s not difficult to get a mortgage today, though ... Read More »

Is It Actually a Terrible Time to Get a 15-Year Fixed Mortgage?

Is It Actually a Terrible Time to Get a 15-Year Fixed Mortgage?
September 8, 2016 No Comments »

I’ve seen some articles recently talking about how low 15-year mortgage rates are, and the many benefits of selecting a 15-year fixed vs. a 30-year fixed mortgage. But it might actually be a not-so-great time to take out a 15-year ... Read More »

Mortgage Recasting 101: How It Works and What It Does

Mortgage Recasting 101: How It Works and What It Does
August 30, 2016 No Comments »

You may have heard that you can lower your monthly mortgage payment without refinancing via a “mortgage recast.” These two financial tools are quite different, which I’ll explain, but let’s first discuss recasting to get a better understanding of how ... Read More »

When Will the Next Housing Market Crash Take Place?

When Will the Next Housing Market Crash Take Place?
August 24, 2016 1 Comment »

I’ve noticed a trend lately. Everyone’s a real estate expert. It seems the most recent crisis and recovery has turned just about every single person into a guru on all things to do with home buying and selling. I suppose ... Read More »

How Risky Mortgages Might Make You Money

How Risky Mortgages Might Make You Money
August 10, 2016 No Comments »

The recent trend of mortgage lenders requiring less and less money down might actually be a boon for investors everywhere. In case you haven’t noticed, big lenders like Wells Fargo and Bank of America only require 3% down for a ... Read More »

Buy a Home in a Good School District Even If You Don’t Have or Want Kids

Buy a Home in a Good School District Even If You Don’t Have or Want Kids
August 9, 2016 No Comments »

Over the years, we’ve learned that buying homes near certain types of businesses can boost the value quite substantially. For example, homes near Starbucks tend to outperform those near a Dunkin’ Donuts, and you’re better off buying a condo next ... Read More »

If You Want a Mortgage, Go to College and Get a Degree

If You Want a Mortgage, Go to College and Get a Degree
August 2, 2016 No Comments »

Assuming you want to become a homeowner, it’s probably best to go to college, even if you have to take out costly student loans in the process. You may have read articles over the past several years that talk about ... Read More »