Mortgage Tips

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

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 »

Why You Might Want to Skip the Starter Home

Why You Might Want to Skip the Starter Home
April 30, 2019 1 Comment »

Some 45 million Americans are expected to reach the typical first-time home buyer age in the next decade, which is a fresh 34 years old. This is 7.4% more than the 41.8 million individuals currently aged 35-44, per a new ... Read More »

Do Mortgage Rates Change Daily?

Do Mortgage Rates Change Daily?
April 25, 2019 No Comments »

It’s that time again folks, where I answer your burning mortgage questions. The latest mortgage Q&A: “Do mortgage rates change daily?” Mortgage rates are hot news right now, what with them hovering around all-time lows yet again but beginning to ... Read More »

Mortgage Lingo: 23 Terms You Should Know Before You Apply

Mortgage Lingo: 23 Terms You Should Know Before You Apply
April 1, 2019 No Comments »

Applying for a mortgage can be stressful, what with all the money that’s on the line. Oh, and the possibility that you could be denied entirely, perhaps while starting a family or attempting to relocate to a new state. Making ... Read More »