Mortgage Tips

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

Can You Pay the Mortgage with Bitcoin?

Can You Pay the Mortgage with Bitcoin?
November 30, 2017 No Comments »

Mortgage Q&A: “Can you pay the mortgage with bitcoin?” First off, I apologize for writing an article about bitcoin. I know it’s all the rage right now and I’m just adding to the hype, but it’s newfound relevancy warrants this ... Read More »

Are Mortgages Simple Interest and Compounded Monthly?

Are Mortgages Simple Interest and Compounded Monthly?
November 21, 2017 No Comments »

People seem to be fascinated with how mortgages are calculated and paid off, but when it comes down to it, there’s nothing too mind-blowing happening. Each month, a portion of principal and interest are paid off as mortgage payments are ... Read More »

21 Frequently Asked Mortgage Questions Answered

21 Frequently Asked Mortgage Questions Answered
November 8, 2017 No Comments »

I thought it would be helpful to create a post that answers a lot of common mortgage questions in one convenient place. You should know the answer to all of these questions if you’re serious about getting a home mortgage. ... Read More »

FHA 203k Loan Program: The All-in-One Renovation Mortgage

FHA 203k Loan Program: The All-in-One Renovation Mortgage
October 24, 2017 No Comments »

In a nutshell, the FHA 203k loan program allows prospective home buyers to finance the cost of a property and improvements in one convenient mortgage. Instead of buying a fixer-upper, taking out a mortgage, and then later taking out a ... Read More »

Mortgage Originations by Product Type: What’s Most Popular?

Mortgage Originations by Product Type: What’s Most Popular?
October 4, 2017 2 Comments »

Ever wonder what share of borrowers are taking out a 15-year mortgage as opposed to a standard 30-year fixed? Or an ARM instead? Well, I was, and so I went looking for the data. Fortunately, I was able to track ... Read More »

Why You May Want to Apply for a Mortgage When Things Are Slow

Why You May Want to Apply for a Mortgage When Things Are Slow
September 14, 2017 1 Comment »

A new working paper from the National Bureau of Economic Research reveals that it might be best to apply for a mortgage when no one else is. The analysis, “The Time-Varying Price of Financial Intermediation in the Mortgage Market” (if ... Read More »

Mortgages for Doctors: Expanded LTVs and Large Loan Amounts

Mortgages for Doctors:  Expanded LTVs and Large Loan Amounts
September 6, 2017 No Comments »

If you’re a doctor, or even a resident, or even a veterinarian, getting a mortgage can be a little bit easier thanks to so-called physician mortgages offered by most major lenders. Just about every bank offers a special mortgage program ... Read More »

Primary Residence vs. Second Home vs. Investment

Primary Residence vs. Second Home vs. Investment
August 22, 2017 2 Comments »

Sometimes I’m surprised I miss the most basic of mortgage definitions, seeing that this blog has been around for more than a decade, but alas, I’ve never written about occupancy specifically. So without further ado, let’s talk about the three ... Read More »

These Six Things Will Happen If Mortgage Rates Go Up

These Six Things Will Happen If Mortgage Rates Go Up
August 14, 2017 No Comments »

We’ve been worrying that mortgage rates would go up for years now, but it just hasn’t happened yet. Sure, they’re up a little bit from record levels, but not by as much as expected. The 30-year fixed still sits firmly ... Read More »

What Will Happen to Your Mortgage When the LIBOR Goes Away?

What Will Happen to Your Mortgage When the LIBOR Goes Away?
August 7, 2017 No Comments »

If you have an adjustable-rate mortgage, I’ve got some important news for you. The London Interbank Offered Rate, or LIBOR as it’s known to most, is going to be phased out over the next five years. After 2021, it won’t ... Read More »