Mortgage Tips

Simple tips to help you save money on your mortgage.

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 »

Should You Drive Until You Qualify for a Mortgage?

Should You Drive Until You Qualify for a Mortgage?
July 25, 2016 No Comments »

In the mortgage/real estate world there’s the saying, “Drive until you qualify.” It’s a cute way of saying if you can’t afford a home in a certain (desirable) area, hop on the highway and keep driving until home prices get ... Read More »

Time Heals All Real Estate Wounds If You Let It

Time Heals All Real Estate Wounds If You Let It
July 21, 2016 No Comments »

Let’s talk about real estate investment for a moment. A recent commentary from mortgage financier Freddie Mac revealed that those aged 54 and older control about two-thirds of the home equity in single-family homes throughout the United States. However, this ... Read More »

Is Housing Affordability Really That Great?

Is Housing Affordability Really That Great?
July 20, 2016 No Comments »

I keep seeing these data-driven posts from the likes of Zillow and other major real estate analytics companies making claims that housing affordability remains strong thanks to low mortgage rates. For example, Zillow mentioned that a home buyer earning the ... Read More »

You Probably Shouldn’t Go with the Mortgage Lender That Sends You Junk Mail

You Probably Shouldn’t Go with the Mortgage Lender That Sends You Junk Mail
July 18, 2016 No Comments »

Look Familiar? This probably goes without saying, but I’ll say it anyway because I recently received a very pressing letter in the post. It said “Important Notice” on the top left and then something about there being “time sensitive information ... Read More »

Create a Phone Number Just for Mortgage Shopping

Create a Phone Number Just for Mortgage Shopping
July 18, 2016 No Comments »

I think just about everyone can agree that shopping for a mortgage isn’t fun. This would explain why few people actually shop around for a mortgage, or spend any significant amount of time researching loan options. Instead, they just tend ... Read More »