Mortgage Tips

Simple tips to help you save money on your mortgage.

Owning a Home Costs Nearly $10,000 a Year Not Including the Mortgage

Owning a Home Costs Nearly $10,000 a Year Not Including the Mortgage
June 23, 2015 No Comments »

A lot of folks I know who rent are still hot on the idea of homeownership, but it’s important not to overlook all the costs involved with purchasing a piece of a property. It’s not uncommon for prospective home buyers ... Read More »

It Turns Out Housing Affordability Is Still Really Good

It Turns Out Housing Affordability Is Still Really Good
May 21, 2015 No Comments »

I’m the first guy to mutter that home prices are too high. That they’ve become too expensive, but if you look at the actual numbers, my grumbling might just be grumbling and nothing more. It’s no secret that housing affordability ... Read More »

Small Mortgages Cost More and Are Harder to Come By

Small Mortgages Cost More and Are Harder to Come By
May 14, 2015 No Comments »

In the mortgage world, you’re more likely to get charged a higher interest rate for a larger loan amount, such as one above the conforming loan limit, in what is considered the jumbo realm. But very small loans can also ... Read More »

Why You May Want to Avoid Biweekly Mortgage Programs

Why You May Want to Avoid Biweekly Mortgage Programs
May 13, 2015 2 Comments »

Earlier this week, the Consumer Financial Protection Bureau (CFPB) took action against a biweekly mortgage company that apparently lured consumers with false promises of mortgage savings. In the suit, the CFPB claims Nationwide Biweekly Administration, Inc., Loan Payment Administration LLC, ... Read More »

Financing Isn’t the Number One Reason Home Purchase Contracts Are Terminated

Financing Isn’t the Number One Reason Home Purchase Contracts Are Terminated
April 14, 2015 No Comments »

When you think about why home purchase contracts fall apart, mortgage financing is probably the first issue that comes to mind. But there’s actually another reason why most real estate contracts fall through – the home inspection. The February 2015 ... Read More »

Win $40,000 Toward Your Home Down Payment

Win $40,000 Toward Your Home Down Payment
March 24, 2015 No Comments »

Everyone knows one of the biggest hurdles to homeownership is coming up with the hefty down payment, especially with most zero down loan programs a thing of the past. This explains why the FHA and now Fannie and Freddie offer ... Read More »

Mortgage Rate Roller Coaster Could Be Heading Downhill Again

Mortgage Rate Roller Coaster Could Be Heading Downhill Again
March 18, 2015 No Comments »

It’s been a wild year for mortgage rates so far, even though it’s only mid-March. Rates started 2015 on a bit of a tear that carried over from 2014, with the 30-year fixed dropping from around 4% in late December ... Read More »

Mortgage Rates Can Move Very Quickly

Mortgage Rates Can Move Very Quickly
March 3, 2015 No Comments »

If the past six weeks has taught us anything, it’s that mortgage rates can and will move very quickly. And often in the wrong direction…yep, up, not down. The same goes with gas prices, which were actually below $2 a ... Read More »

BBVA Compass Launches No Down Payment Mortgage

BBVA Compass Launches No Down Payment Mortgage
February 26, 2015 5 Comments »

Sure, Fannie and Freddie now allow LTVs as high as 97%, and the FHA only requires 3.5% down, but why stop there? Today, BBVA Compass announced the launch of its “Home Ownership Made Easier” (HOME) loan program, which allows borrowers ... Read More »

Folks, Don’t Forget to Cash Your Foreclosure Checks

Folks, Don’t Forget to Cash Your Foreclosure Checks
February 19, 2015 2 Comments »

What good is a settlement if you don’t actually cash your check? Oh wait, I think I just answered my own question. But all jokes aside, some 600,000 checks mailed to homeowners as part of the Independent Foreclosure Review have ... Read More »