Mortgage Tips

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

2019 Mortgage and Real Estate Predictions

2019 Mortgage and Real Estate Predictions
December 11, 2018 No Comments »

First off, here are my 2018 predictions in case you want to see how they panned out. Overall, I think I did alright, though my call for the 30-year fixed to end 2018 at 4.5% didn’t quite materialize. There’s actually ... Read More »

10 Things You Should Do Before Applying for a Mortgage

10 Things You Should Do Before Applying for a Mortgage
December 5, 2018 No Comments »

I once wrote that you should look for a mortgage before searching for a property to buy because unless you have lots of cash, you’re going to need a loan. Now let’s talk about what you should do before you ... Read More »

Can I Lower My Mortgage Interest Rate Without Refinancing?

Can I Lower My Mortgage Interest Rate Without Refinancing?
November 16, 2018 No Comments »

Here’s an interesting one. Is it possible to snag a lower mortgage rate without refinancing? While it’s not all that difficult to refinance a home loan, it does take a bit of time and energy, and you generally need to ... Read More »

What Is Verification of Employment for a Mortgage?

What Is Verification of Employment for a Mortgage?
October 31, 2018 No Comments »

When you apply for a mortgage, underwriters will comb through your finances to determine if you’re a good candidate for a loan. This includes verifying a lot of personal information, including your income, assets, credit history, and employment. Without these ... Read More »

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 »