Mortgage Tips

Simple tips to help you save money on your mortgage.

Here’s Why You Won’t Be Getting a Low Down Payment Adjustable-Rate Mortgage

Here’s Why You Won’t Be Getting a Low Down Payment Adjustable-Rate Mortgage
September 1, 2015 No Comments »

In the wonderful world of mortgage underwriting, risk dictates everything. The more risk you present to a lender, the harder it will be to get approved for a loan. That amount of risk will also determine what interest rate you’ll ... Read More »

How to Pay the Mortgage with a Credit Card for Free and Make Money Doing It

How to Pay the Mortgage with a Credit Card for Free and Make Money Doing It
August 7, 2015 2 Comments »

Back during the housing boom aka meltdown there were services that allowed homeowners to make their mortgage payments with a credit card. These services charged fees for the convenience, and looking back, they were probably only offered because people couldn’t ... Read More »

100+ Not So Great Places to Buy a Home

100+ Not So Great Places to Buy a Home
August 3, 2015 No Comments »

Below is an extensive and exhaustive (and silly but somewhat serious) list of places where it might not make the best sense to buy a house, assuming you want to realize healthy home price appreciation and enjoy a high quality ... Read More »

Why Your Mortgage Lender Asks for More Than Is Required

Why Your Mortgage Lender Asks for More Than Is Required
July 29, 2015 1 Comment »

It’s no secret that there is a lot of confusion surrounding mortgages. One of the main gripes is that requirements aren’t the same across different banks and lenders. See why every mortgage lender will disappoint you for more on that. ... Read More »

What’s Your Outlook on the Real Estate Market?

What’s Your Outlook on the Real Estate Market?
July 23, 2015 No Comments »

So here’s a true story. Yesterday, a good friend of mine asked the following question via text message: “What’s your outlook on the real estate market…we are looking to buy a place soon.” That’s the exact message he sent over ... Read More »

How to Save Money on Your Mortgage Even If You Can’t Refinance

How to Save Money on Your Mortgage Even If You Can’t Refinance
July 15, 2015 1 Comment »

One of the simplest ways to save money on your mortgage is by lowering your interest rate. This is generally accomplished via a rate and term refinance, where the loan amount stays the same, but the interest rate and loan ... Read More »

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 »