If I Have a Mortgage, Do I Actually Own My House?
I’ve heard this argument many times, whether in real life or on social media. That if you hold a mortgage (or two), you don’t actually… Read More »If I Have a Mortgage, Do I Actually Own My House?
Mortgage Tips
This was the first category I created when this website was created in 2006.
And it’s really why I launched the site to begin with. To educate prospective home buyers and existing homeowners.
Simple guides and practical mortgage tips can help you better understand and prepare for the home loan process.
Same goes for answering mortgage questions and brushing up on the latest mortgage lingo.
Sometimes home buyers focus exclusively on the real estate piece while ignoring the home loan part.
This can result in some bad decisions when it comes to getting a mortgage. Or simply overpaying because of missteps (or a lack of shopping around!).
Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
You’re not financing a TV, or a car for that matter. It’s a big purchase and it deserves a lot more time and attention.
Arm yourself with knowledge early on and you’ll likely enjoy a better outcome.
The Other Major Downside to a Higher Mortgage Rate (Aside From the Payment)
If you’re currently thinking about buying a home, or somehow in a position to refinance an existing loan, current mortgage rates don’t look great. While… Read More »The Other Major Downside to a Higher Mortgage Rate (Aside From the Payment)
What Is a Conditional Loan Approval?
When you apply for a home loan, an underwriter will review your file in order to make a lending decision. They can approve your loan,… Read More »What Is a Conditional Loan Approval?
What Is a Mortgage Account Executive?
There are many different people involved in the home loan process. I wrote about this in detail already, but probably didn’t even include everyone. Because… Read More »What Is a Mortgage Account Executive?
HELOC vs. Credit Card: Why the Plastic May Work Out Better
You may have heard recently that “tappable” home equity has reached an all-time high, thanks to rapidly appreciating home prices and conservative borrowing on behalf… Read More »HELOC vs. Credit Card: Why the Plastic May Work Out Better
Want to Move But Have a Super Low Mortgage Rate? Here’s What My Friend Is Doing
I spoke to a friend the other day who is selling their home and moving up to a bigger one. Crazy I know! What with… Read More »Want to Move But Have a Super Low Mortgage Rate? Here’s What My Friend Is Doing
Which Mortgage Should I Pay Off First?
Mortgage Q&A : “Which mortgage should I pay off first?” Today we’re going to talk about strategy if you hold multiple mortgages and want to… Read More »Which Mortgage Should I Pay Off First?
Assumable Mortgages: Do They Finally Make Sense with 7%+ Mortgage Rates?
It’s time to talk about assumable mortgages. Everyone knows mortgage rates are no longer super cheap. The popular 30-year fixed was in the low 3%… Read More »Assumable Mortgages: Do They Finally Make Sense with 7%+ Mortgage Rates?
What Do Mortgage Loan Processors Do? In Short, Everything to Close Your Loan!
I’ve already covered the mortgage underwriter’s role, so let’s take a look at what mortgage loan processors do too. After you speak to a mortgage… Read More »What Do Mortgage Loan Processors Do? In Short, Everything to Close Your Loan!
What Do Mortgage Underwriters Do? Decide If You’re Approved!
Here’s some Q&A with regard to the home loan approval process: “What do underwriters do?” Once you actually apply for a home loan, your mortgage… Read More »What Do Mortgage Underwriters Do? Decide If You’re Approved!