Mortgage Tips

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

Don’t Be a Desperate Home Buyer

Don’t Be a Desperate Home Buyer
November 7, 2019 No Comments »

It’s no secret the housing market has softened in recent months. Homes are no longer flying off the shelves, and bidding wars are becoming less and less common. Instead of properties going way above asking, home sellers are delivering price ... Read More »

Are Closing Costs Included In a Mortgage?

Are Closing Costs Included In a Mortgage?
October 31, 2019 No Comments »

Mortgage Q&A: “Are closing costs included in a mortgage?” There seems to be a great deal of confusion when it comes to closing costs and mortgages, so let’s clear the air and make sense of it all. Simply put, home ... Read More »

Should I Use an iBuyer to Sell My Home?

Should I Use an iBuyer to Sell My Home?
October 17, 2019 No Comments »

If you’re thinking about selling your home, you’ve got a lot of options. It’s not 2012 anymore, when you simply enlisted the services of a real estate agent and went on about your day. Or bravely went down the for-sale-by-owner ... Read More »

Curbio Review: Renovate Today, Pay When You Sell

Curbio Review: Renovate Today, Pay When You Sell
October 9, 2019 No Comments »

A startup named Curbio wants to help homeowners sell for more by improving their properties before they go to market. The twist is that the homeowner doesn’t have to pay for the renovations until settlement, meaning cash on hand isn’t ... Read More »

20-Year vs. 30-Year Mortgages: Get a Lower Rate?

20-Year vs. 30-Year Mortgages: Get a Lower Rate?
September 19, 2019 No Comments »

It’s time for a new mortgage match-up. Since paying down the mortgage early seems to be so en vogue these days, it makes sense to compare “20-year mortgages vs. 30-year mortgages.” The most common type of mortgage is the 30-year ... Read More »

Borrowers with Low Credit Scores Should Shop Their Mortgage More

Borrowers with Low Credit Scores Should Shop Their Mortgage More
September 18, 2019 No Comments »

Most people don’t bother shopping around for their mortgage, despite the tremendous potential savings involved. In fact, nearly half of consumers only bother obtaining a single mortgage rate quote. It’s understandable since it’s certainly not any fun calling a bank ... Read More »

Why Are Mortgage Payments Mostly Interest?

Why Are Mortgage Payments Mostly Interest?
September 17, 2019 No Comments »

Mortgage Q&A: “Why are mortgage payments mostly interest?” Here’s an interesting mortgage question – pun intended. Payment Composition Over Time Most homeowners take out fixed-rate mortgages With monthly payments that don’t change over 30 years While the mortgage payment stays ... Read More »

The Power of Extra Mortgage Payments

The Power of Extra Mortgage Payments
September 12, 2019 No Comments »

Mortgages can be viewed very differently. Some see them as a positive financial instrument, a way to free up their money so it can be invested elsewhere, ideally for a better return. Then there are those who view mortgages as ... Read More »

Mortgages for Self-Employed Borrowers: Tips to Qualify

Mortgages for Self-Employed Borrowers: Tips to Qualify
September 5, 2019 No Comments »

Over the past few years, it’s gotten a lot easier to get a mortgage as technology has evolved. Today, when a mortgage lender asks for your financials, you may be given the option to grant digital access to things like ... Read More »

What Is a Lender Overlay?

What Is a Lender Overlay?
August 29, 2019 No Comments »

Mortgage Q&A: “What is a lender overlay?” If you’ve been studying underwriting guidelines recently to determine if you’re eligible for a mortgage, it’s important to understand that they can vary widely from bank to bank. Even if you think you ... Read More »