Mortgage Tips

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

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons
July 17, 2019 No Comments »

It’s that time again, where I take a look at a pair of popular mortgage 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 solution ... Read More »

Mortgage Down Payment Requirements: How Much Do I Need to Put Down?

Mortgage Down Payment Requirements: How Much Do I Need to Put Down?
July 15, 2019 No Comments »

If you’re in the market to buy a new home or condo, you’ve undoubtedly thought (or stressed) about the required down payment. It’s one of the biggest roadblocks to homeownership, and an obstacle that never seems to get any better ... Read More »

How to Get a Mortgage with a Low Credit Score

How to Get a Mortgage with a Low Credit Score
July 8, 2019 No Comments »

Mortgage Q&A: “How to get a mortgage with a low credit score.” If you’ve got a low credit score, but are determined to buy a home (or are looking to refinance your existing mortgage), you may be wondering how to ... Read More »

How Soon Can I Refinance My Mortgage?

How Soon Can I Refinance My Mortgage?
June 27, 2019 No Comments »

Mortgage Q&A: “How soon can I refinance my mortgage?” With mortgage rates marching toward new all-time lows again, a lot of recent home buyers are probably asking this question, even those who just closed on their mortgage weeks ago. After ... Read More »

Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?

Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?
June 10, 2019 No Comments »

I’ve already written at length about the pros and cons of a 15-year fixed mortgage, but some financial experts claim you shouldn’t even buy a home if you can’t afford this shorter-term mortgage option. You know, guys like Dave Ramsey, ... Read More »

What Is Home Equity?

What Is Home Equity?
June 3, 2019 No Comments »

Mortgage Q&A: “What is home equity?” You’ve probably heard the phrase “home equity” thrown around, likely during a fast-paced radio or TV commercial urging you to pull the equity out of your home. So what the heck is it, and ... Read More »

What Mortgage Has the Best Interest Rate?

What Mortgage Has the Best Interest Rate?
May 29, 2019 No Comments »

Here’s an interesting question: “What mortgage has the best interest rate?” Before we dive in, “best” questions are always a bit difficult to answer universally because what’s best to one person could be the worst for another. Or at least ... Read More »

Why You Should Live in Your Home Until It Sells

Why You Should Live in Your Home Until It Sells
May 21, 2019 No Comments »

A new study from Redfin proved what we probably all assumed was the case; vacant homes sell for less than those filled with stuff. There’s something slightly unappetizing about a vacant home, whether it’s the emptiness of it all, or ... Read More »

What Mortgage Term Is Best?

What Mortgage Term Is Best?
May 20, 2019 No Comments »

Mortgage Q&A: “What mortgage term is best?” Before you set out to snag the lowest rate on your purchase mortgage or mortgage refinance, you’ll need to decide on (or at least narrow down) a mortgage term. I’m referring to the ... Read More »

What Credit Score Do I Need to Get a Mortgage?

What Credit Score Do I Need to Get a Mortgage?
May 7, 2019 2 Comments »

Mortgage Q&A: “What credit score do I need to get a mortgage?” If you’re thinking about purchasing a new home or refinancing an existing mortgage, you should know that your credit score is going to be a big factor. In ... Read More »