Mortgage Tips

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

Sell Your House or Rent It Out?

Sell Your House or Rent It Out?
October 15, 2018 No Comments »

If you already own some real estate, perhaps a house or a condo, and are looking to move on, you might ask yourself if it’s better to sell it or rent it out. This is an especially pertinent question when ... Read More »

10 Ways to Save Money on Your Next Mortgage

10 Ways to Save Money on Your Next Mortgage
October 10, 2018 No Comments »

You’ve heard the news – mortgage rates surpassed 5% and don’t appear to be coming back down anytime soon. While that’s up for debate, the trend is clearly not your friend when it comes to securing a low interest rate ... Read More »

How to Get Cash Out of Your Home in a Rising Rate Environment

How to Get Cash Out of Your Home in a Rising Rate Environment
September 27, 2018 No Comments »

In a perfect world, you could tap into your home equity and lower your mortgage interest rate at the same time. But because interest rates rise and fall over time, this simply won’t always be the case for homeowners in ... Read More »

Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate

Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate
August 24, 2018 1 Comment »

Conventional wisdom would lead us to believe that consumers go with the mortgage lender that offers the lowest interest rate. This appears to not be the case… In fact, it’s the least common reason why a borrower selects a particular ... Read More »

Don’t Make the Mistake of Calling the Housing Top Too Early

Don’t Make the Mistake of Calling the Housing Top Too Early
August 2, 2018 No Comments »

It’s that time of year again, when we enter the housing doldrums and everyone in the industry begins to panic. Further exacerbating things this time around is the fact that mortgage interest rates are in uncharted territory. Yes, I’m being ... Read More »

Getting a Mortgage with a Gig Economy Job

Getting a Mortgage with a Gig Economy Job
July 25, 2018 No Comments »

If you’re one of many people out there who happens to bring in money from a so-called “gig economy” job, you might be wondering if such income can be used to obtain a home loan. Most mortgage lenders will verify ... Read More »

One Really Simple Way to Offset a Higher Mortgage Rate

One Really Simple Way to Offset a Higher Mortgage Rate
July 3, 2018 No Comments »

We all know mortgage interest rates are increasing. While they’ve seen periods of relief here and there, the trajectory seems to be decidedly higher. How much higher remains to be seen, but there’s a good chance the rate you receive ... Read More »

Should You Pay Off Your Mortgage Before Retirement?

Should You Pay Off Your Mortgage Before Retirement?
June 13, 2018 No Comments »

If you speak to any financial planners or so-called experts on the matter, they’ll probably say, “Yes, pay off your mortgage before you retire.” But is it fair to make the same conclusion for all individuals? Probably not. And times ... Read More »

Look for a Mortgage Before You Search for a Home

Look for a Mortgage Before You Search for a Home
May 29, 2018 No Comments »

While it might look and sound counterintuitive at first glance, it could actually make perfect sense. Instead of assuming that home loan financing is just a cumbersome, yet mostly guaranteed step toward the American Dream, understand that it will dictate ... Read More »

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 »