Mortgage Tips
Simple mortgage tips to help you better understand and prepare for the home loan process to ideally save money.If You Want to Be a Homeowner, Go to College and Get a Degree
Assuming you want to become a homeowner, it’s probably best to go to college, even if you have to take out costly student loans in the process. You may have read articles over the past several years that talk about ... Read More »
3 Reasons Why Putting Less Down Can Raise Your Mortgage Payment
If you’re in the market to purchase a new home, perhaps because mortgage rates are low and you’re an extremely brave individual, you may be thinking low down payment all the way. Heck, for many borrowers these days, a low ... Read More »
Why It Could Be a Great Summer for Mortgage Rates
It’s looking like it could be a really good summer for mortgage rates, after a very uncertain spring made it appear as if the best we had seen was gone forever. Now this isn’t to say that mortgage rates will ... Read More »
Do Mortgage Payments Go Down Over Time?
Mortgage Q&A: “Do mortgage payments decrease?” While everyone always seems to focus on mortgage payments adjusting higher, there are a number of reasons why a mortgage payment may actually decrease over time. No really, there are, so let’s take a ... Read More »
15-Year Fixed vs. 30-Year Fixed: The Pros and Cons
It’s that time again, where I take a look at a pair of popular home loan programs to determine which may better suit certain situations. Today’s match-up: “15-year fixed mortgage vs. 30-year fixed mortgage.” As always, there is no one-size-fits-all ... Read More »
How Does Mortgage Refinancing Work?
Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance your mortgage, you essentially trade in your old loan for a fresh one with a new interest rate and mortgage term. And possibly even a new loan balance. You ... Read More »
How Many Mortgage Quotes Should I Get?
Mortgage Q&A: “How many mortgage quotes should I get?” When it comes to getting the best deal on your mortgage, you can never shop too much. Just like any other product you may comparison shop for, the more time you ... Read More »
Do Mortgage Payments Increase?
Mortgage Q&A: “Do mortgage payments increase?” While this sounds like a no-brainer question, it’s actually a little more complicated than it appears. You see, there a number of different reasons why a mortgage payment can increase, aside from the obvious ... Read More »
What Is a Mortgagee? Hint: It’s Not a Typo
Are You a Mortgagee or Mortgagor? It’s mortgage Q&A time! Today’s question: “What is a mortgagee?” No, it’s not a typo. I didn’t leave an extra “e” on the word mortgage by mistake, though it may appear that way. Despite ... Read More »
Don’t Swipe Your Credit Card Before You Apply for a Mortgage
Large Credit Card Purchases Really Can Tank Your Credit Score While missed payments are arguably the worst offense Even racking up a lot of debt can lower your credit score significantly So it’s best to put the spending on hold ... Read More »
