Mortgage Tips

Simple tips to help you save money on your mortgage.

Did FHA Loans Just Become The Best Option for Homeowners Again?

Did FHA Loans Just Become The Best Option for Homeowners Again?
January 22, 2015 No Comments »

Even though we’re only three weeks into the New Year, 2015 has treated the mortgage industry well. Very well… Mortgage applications have surged week after week, propelled mostly by refinancing as borrowers take advantage of the low mortgage rates currently ... Read More »

Mortgage Applications Spike: Should You Apply Now?

Mortgage Applications Spike: Should You Apply Now?
January 14, 2015 1 Comment »

Last week was a really, really good week for mortgage applications. The Mortgage Bankers Association reported that home loan apps surged 49.1% during the week ending January 9th from one week earlier. Before you attribute that jump to a slow ... Read More »

10 Predictions for Mortgage and Real Estate in 2015

10 Predictions for Mortgage and Real Estate in 2015
December 29, 2014 5 Comments »

Here we go again. It’s that time of the year when I make 10 predictions for the mortgage industry and real estate market for the coming year. If you wish, you can take a gander at my predictions for 2013 ... Read More »

Why You Might Be Refinancing Your Mortgage in 2015

Why You Might Be Refinancing Your Mortgage in 2015
December 11, 2014 No Comments »

Just when you thought the refinance market was completely out of steam, a slew of bad news might be just the ticket to resuscitate it. By bad news, I mean global economic woes that push stocks lower and send investors ... Read More »

Boost Your Tax Deduction by Making Your January Mortgage Payment This Year

Boost Your Tax Deduction by Making Your January Mortgage Payment This Year
December 3, 2014 No Comments »

It’s that time of the year again…namely the end of the year, when year-end tax tips flood the web and our inboxes. With regard to the old mortgage, taxpayers might be able to get a larger write-off if they make ... Read More »

Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick

Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick
November 19, 2014 No Comments »

I came across a promotion today from a home builder out in Arizona. The press release mentions that the company is offering the “largest incentive for new homebuyers in its history.” The details are as follows: Simply purchase a new ... Read More »

Your Personality Determines If You’ll Buy or Rent and What Mortgage You’ll Get

Your Personality Determines If You’ll Buy or Rent and What Mortgage You’ll Get
October 31, 2014 No Comments »

I came across an interesting study that explores real estate and mortgage preferences based on personality type (thanks WSJ). Whether you realize it or not, your temperament determines whether you’re more likely to rent or buy a home, what type ... Read More »

HUD Has $412 Million in Uncollected FHA Mortgage Insurance Refunds

HUD Has $412 Million in Uncollected FHA Mortgage Insurance Refunds
October 29, 2014 No Comments »

If you’ve ever taken out an FHA loan, you may be eligible for a refund on that costly upfront mortgage insurance premium. Sure, the FHA is struggling at the moment and no longer so liberal about doling out refunds on ... Read More »

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 »