Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash-Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage While there are plenty of mortgage calculators out there It’s good to know the math behind it If nothing else You can ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash-Out Refinance vs. Rate and Term Refinance

Mortgage match-ups: “Cash-out refinance vs. rate and term refinance.” It’s time for another installment of mortgage match-up, though this installment is more about distinction than ...

Should You Bother Refinancing Your Current Mortgage ...

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...

10 Ways to Build Home Equity

These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...

A Mediocre Credit Score Will Cost You ...

While there are a number of factors that determine what mortgage interest rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps ...

6 Things Holding Renters Back From Becoming ...

A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six core issues ...

Latest Posts

Mortgage Rates Vary by Lender, So Shop Around

Mortgage Rates Vary by Lender, So Shop Around
April 18, 2018 No Comments »

While mortgages are largely a commoditized product, unlike perhaps a TV or a smartphone with unique technology, their cost can still vary considerably by lender. The reason mortgage rates are different across banks and lenders could be a result of ... Read More »

Carrington Mortgage Launches Line of Subprime Mortgages

Carrington Mortgage Launches Line of Subprime Mortgages
April 5, 2018 No Comments »

Here we go again? Maybe, maybe not. Regardless, Carrington Mortgage Services has launched a new line of subprime mortgages available to the 100 million odd U.S. consumers who have less than perfect credit. For the record, Carrington already offers subprime ... Read More »

Getting a Mortgage on a Duplex, Triplex, or Fourplex

Getting a Mortgage on a Duplex, Triplex, or Fourplex
April 4, 2018 No Comments »

One trend I’ve been seeing lately is buying a multi-unit property, such as a duplex, and renting out one unit while living in the other. The cool kids are referring to this as “house hacking” because you essentially get someone ... Read More »

The Top 10 Cities Where Cash-Out Refinances Are King

The Top 10 Cities Where Cash-Out Refinances Are King
April 3, 2018 No Comments »

Despite being nowhere close to levels seen just over a decade ago, cash-out refinance loans are on the rise, this according to a new data dive by LendingTree. The company reported that 62% of those who refinanced in the first ... Read More »

How to Move Out of Your Parents House

How to Move Out of Your Parents House
March 28, 2018 No Comments »

There’s nothing inherently wrong with living with your parents, other than EVERYTHING! So let’s talk about how to GET OUT! To be clear, I’m going to discuss moving out and buying a place of your own, not moving out and ... Read More »

Condo vs. Townhouse: Why It Matters

Condo vs. Townhouse: Why It Matters
March 27, 2018 1 Comment »

It’s been a while since I’ve done a matchup, so let’s talk about an important one if you’re in the market to buy real estate. Today, we’ll breakdown the similarities and differences of a condo vs. townhouse. First things first, ... Read More »

What Is a 3/1 ARM?

What Is a 3/1 ARM?
March 22, 2018 No Comments »

If you haven’t been feeling 30-year mortgage rates recently, maybe an ARM might suit you better, especially if you don’t plan to stay in your home for a very long time. There are a variety of adjustable-rate mortgages available to ... Read More »

What Will Happen to Home Sales If Mortgage Rates Rise to 9%?

What Will Happen to Home Sales If Mortgage Rates Rise to 9%?
March 21, 2018 No Comments »

There’s been a lot of hubbub about mortgage rates since the start of the year. It’s not unwarranted, given the fact that 30-year fixed rates increased from 3.95% to 4.46% from January through early March, per Freddie Mac data. But ... Read More »

MassHousing Launches Zero Down Mortgage

MassHousing Launches Zero Down Mortgage
March 19, 2018 No Comments »

There is yet another zero down mortgage option available to prospective home buyers, the latest being offered by The Massachusetts Housing Finance Agency (MassHousing). The quasi-public agency already offers 30-year fixed-rate mortgages up to 97% loan-to-value (LTV), but launched its ... Read More »

What Does It Mean to Be House Poor?

What Does It Mean to Be House Poor?
March 14, 2018 No Comments »

If you’re an existing homeowner or an aspiring one, you may have heard the phrase “house poor,” typically uttered by an overextended borrower. It may also serve as a warning to a first-time home buyer. First, let’s define what it ... Read More »