Mortgage Tips

Simple tips to help you save money on your mortgage.

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 »

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 »