Mortgage Tips

Simple mortgage tips to help you better prepare for the mortgage process and ideally save money on your mortgage.

Pay Down Your Debts Before You Apply for a Mortgage to Increase Purchasing Power

Pay Down Your Debts Before You Apply for a Mortgage to Increase Purchasing Power
February 23, 2017 1 Comment »

With home prices (and interest rates) on the rise, it’s getting more and more difficult to qualify for a mortgage. One simple strategy you can employ to boost your purchasing power is to pay down existing debts. I’ve already warned ... Read More »

2017 Mortgage Rates Are Expected to Stay in the 4% Range

2017 Mortgage Rates Are Expected to Stay in the 4% Range
January 31, 2017 No Comments »

Before you panic, take comfort in the fact that mortgage rates probably won’t do too much in 2017, just as they haven’t in recent years, despite stark predictions telling us otherwise. I went ahead and compiled the 2017 mortgage rate ... Read More »

Would You Rather Have a Low Mortgage Rate or Pay a Lower Price for a Home?

Would You Rather Have a Low Mortgage Rate or Pay a Lower Price for a Home?
January 18, 2017 1 Comment »

My friend asked me the other day if I’d rather have a low mortgage rate or pay a lower price for a home. I paused briefly, then said I’d rather pay less for the home. My thought process was basically ... Read More »

2017 Mortgage and Real Estate Predictions

2017 Mortgage and Real Estate Predictions
December 28, 2016 2 Comments »

Well, another year has passed, and not just any year. Some have referred to 2016 as the worst year ever, though I’m a little more optimistic. Anyway, it’s time to look forward to see what the future holds for mortgages ... Read More »

Is the 30-Year Fixed Mortgage Actually a Lot of Work?

Is the 30-Year Fixed Mortgage Actually a Lot of Work?
December 5, 2016 No Comments »

I typically refer to the 30-year fixed mortgage as a set-it-and-forget-it type of mortgage because it’s fixed for the entire duration of the loan. The mortgage rate in month one is the same as the rate in month 360. The ... Read More »

Is Now the Time to Slow Down Mortgage Repayment?

Is Now the Time to Slow Down Mortgage Repayment?
December 1, 2016 No Comments »

Now that mortgage rates have jumped, it might be time to take a look at how you’re repaying your mortgage. Put simply, if your mortgage rate is fixed and lower than prevailing rates, it could make sense to slow things ... Read More »

Six Ways to Secure a Low Mortgage Rate Despite the Recent Jump

Six Ways to Secure a Low Mortgage Rate Despite the Recent Jump
November 21, 2016 No Comments »

Since the election, mortgage rates have been on fire. And by on fire, I mean rapidly escalating from the mid-3% range to above 4% with no end in sight. That might have pushed you into panic-mode if you’re considering a ... Read More »

Plastiq Lets You Charge the Mortgage for a Fee

Plastiq Lets You Charge the Mortgage for a Fee
October 14, 2016 2 Comments »

A company called Plastiq enables consumers to make payments with their credit cards that might not otherwise be accepted by the recipient. One such example that comes to mind is the paying of a mortgage with a credit card. I ... Read More »

See Which Phase of the Housing Cycle Your City Is In

See Which Phase of the Housing Cycle Your City Is In
September 22, 2016 No Comments »

Recently, I wrote about when the next housing crash might take place. For opportunists, it’s something to look forward to. For others, and frankly most people, it’s a disaster waiting to happen…though today’s mortgages are pretty boring and largely affordable, ... Read More »

21 Things That Can Drive Your Mortgage Rate Higher

21 Things That Can Drive Your Mortgage Rate Higher
September 21, 2016 No Comments »

Wondering why you didn’t receive the low mortgage rate you saw advertised on TV? Well, there are a ton of reasons why the quote you obtained was higher. Let’s explore a lot of them. 1. Low credit score This is ... Read More »