Mortgage Tips

Simple mortgage tips to help you better understand and prepare for the home loan process to ideally save money.

Marriage and Mortgage May Not Mix

Marriage and Mortgage May Not Mix
March 24, 2021 No Comments »

Marriage or Mortgage? The premise of the new Netflix show “Marriage or Mortgage” is simple. It pits a wedding planner against a real estate agent. The prize, if you want to call it that, is getting the spouses-to-be to go ... Read More »

Do You Need 20% Down to Buy a House?

Do You Need 20% Down to Buy a House?
March 22, 2021 No Comments »

It’s been some time since I’ve done mortgage Q&A, so without further delay, let’s explore the following question: “Do you need 20% down to buy a house?” If you chat with anyone older than 50 (maybe 60), they’ll probably tell ... Read More »

Demystifying How Mortgages Are Calculated

Demystifying How Mortgages Are Calculated
March 19, 2021 No Comments »

The Importance of Knowing How to Calculate a Mortgage While there are plenty of mortgage calculators out there that do all the heavy lifting for you It can actually be helpful to know the math behind it You’ll probably better ... Read More »

Condo vs. Townhouse: Why It Matters

Condo vs. Townhouse: Why It Matters
March 14, 2021 No Comments »

It’s been a while since I’ve done a matchup, so let’s talk about an important one if you’re in the market to buy real estate. Today, we’ll breakdown the similarities and differences of a condo vs. townhouse. First things first, ... Read More »

Why You May Want to Switch Mortgage Companies

Why You May Want to Switch Mortgage Companies
March 11, 2021 No Comments »

Loyalty? Not in the mortgage business. That is, if you actually want to save money on your home loan. A few years back, an HSBC survey revealed that 52% of U.S. homeowners “switched providers” (sorry, they’re British) when obtaining subsequent ... Read More »

What Is the Loan-to-Value Ratio? (LTV)

What Is the Loan-to-Value Ratio? (LTV)
March 8, 2021 No Comments »

Let’s talk mortgage basics: “What is the loan-to-value ratio?” If you’re currently shopping for a home or already going through the mortgage loan process, chances are you’ve heard the phrase loan-to-value ratio get thrown around on more than one occasion. ... Read More »

Why Every Mortgage Lender Will Disappoint You

Why Every Mortgage Lender Will Disappoint You
March 4, 2021 No Comments »

People constantly ask me if a particular lender is good, bad, or should be avoided at all costs. They also ask who the best mortgage lender is, often citing some customer satisfaction survey or what not. Or whether they should ... Read More »

18 Reasons to Refinance Your Mortgage

18 Reasons to Refinance Your Mortgage
March 3, 2021 No Comments »

There are many reasons to refinance your mortgage, some obvious and some a bit more obscure and/or different. I figured I’d compile a list of the many reasons I can think of to refinance. Some of the situations are complete ... Read More »

Renting vs. Buying a Home: 55 Pros and Cons

Renting vs. Buying a Home: 55 Pros and Cons
March 2, 2021 1 Comment »

It’s time for yet another mortgage match-up, so without further ado, here’s a biggie: “Renting vs. buying a home.” Or a townhouse for that matter… This is certainly an intimidating question, and one that’s difficult to sum up in one ... Read More »

10 Things You Should Do Before Applying for a Mortgage

10 Things You Should Do Before Applying for a Mortgage
March 1, 2021 1 Comment »

I recently 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 »