Mortgage Tips

Simple tips to help you save money on your mortgage.

The Surprising Mistake a Lot of People Make Before Refinancing

The Surprising Mistake a Lot of People Make Before Refinancing
May 26, 2016 No Comments »

A new study from credit bureau TransUnion revealed that consumers still don’t get it when it comes to smart credit habits. Conventional wisdom tells us to halt or limit spending during the lead up to a mortgage application, whether it’s ... Read More »

If You Put Down Less Than 20%, You’re Paying Mortgage Insurance

If You Put Down Less Than 20%, You’re Paying Mortgage Insurance
May 24, 2016 No Comments »

Here’s yet another anecdote involving some buddies who were arguing about their mortgages. This seems to be a trend lately. In short, both guys put less than 20% down on their respective home purchases, but one argued that he didn’t ... Read More »

Know Which Type of Mortgage You Want Before Speaking to Any Lenders

Know Which Type of Mortgage You Want Before Speaking to Any Lenders
May 19, 2016 No Comments »

So I was chatting with a couple buddies the other night about their mortgages, as I do sometimes, and the two of them were engaging in some light sparring. Basically saying their “mortgage guy” was better than the other’s “guy” ... Read More »

Two Simple Ways to Boost Your Credit Score Before Applying for a Mortgage

Two Simple Ways to Boost Your Credit Score Before Applying for a Mortgage
May 16, 2016 No Comments »

About a month ago, I cautioned readers to avoid swiping the credit card before applying for a mortgage. In short, the more you charge, the higher your outstanding balances. And the higher your balances, the lower your available credit and ... Read More »

You Can Buy More House If You Put More Money Down

You Can Buy More House If You Put More Money Down
May 10, 2016 No Comments »

I was reading through the latest quarterly home price report from the National Association of Realtors yesterday and stumbled upon an interesting nugget. It might seem obvious, but it’s worth pointing out to prospective home buyers who might be lacking ... Read More »

Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?

Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?
May 3, 2016 No Comments »

I’ve already written at length about the pros and cons of a 15-year fixed mortgage, but some financial experts claim you shouldn’t even buy a home if you can’t afford this shorter-term mortgage option. You know, guys like Dave Ramsey, ... Read More »

Paying Your Mortgage Faster So You Can Actually Sell Your Home

Paying Your Mortgage Faster So You Can Actually Sell Your Home
April 28, 2016 No Comments »

Most people seem to be obsessed with paying off their mortgage early, whether it’s good for them or not. Clearly it’s a psychological victory to tackle a giant debt and free yourself from the grips of your evil mortgage lender. ... Read More »

Can We Use These Charts to Predict the Next Housing Crisis?

Can We Use These Charts to Predict the Next Housing Crisis?
April 26, 2016 No Comments »

The Urban Institute released its monthly chartbook today, which provides tons of data about the mortgage market. As I scanned through it, I came across three charts I felt kind of summed up where we’re at in the current housing ... Read More »

Get a Fixed Mortgage If You’re Worried You Won’t Be Able to Get Another One

Get a Fixed Mortgage If You’re Worried You Won’t Be Able to Get Another One
April 19, 2016 No Comments »

Recently, I wrote about how an adjustable-rate mortgage can make a lot of sense if you’re not planning on staying in your home (or condo) too long. Most ARMs have a fixed period for some years so you can take ... Read More »

You Can Sell Your Home for More If It Looks Like a Barn

You Can Sell Your Home for More If It Looks Like a Barn
April 14, 2016 No Comments »

How to Boost Your Home’s Value If you’re thinking about listing your home in the coming months (or this month), you might be wondering what last minute improvements you can make to boost the value without breaking the bank. Generally, ... Read More »