What Is Home Equity?
Mortgage Q&A: “What is home equity?” You’ve probably heard the phrase “home equity” get thrown around, likely during a fast-paced radio or TV commercial urging… Read More »What Is Home Equity?
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.
Why You Should Live in Your Home Until It Sells
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… Read More »Why You Should Live in Your Home Until It Sells
What Credit Score Do You Need to Get a Mortgage? Learn the Key FICO Thresholds
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,… Read More »What Credit Score Do You Need to Get a Mortgage? Learn the Key FICO Thresholds
Why You Might Want to Skip the Starter Home
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.… Read More »Why You Might Want to Skip the Starter Home
PITI: Find Out All That Goes Into Your Mortgage Payment
More fun and exciting mortgage Q&A: “What does a monthly mortgage payment consist of?” Have you ever been curious what you’re paying each month to… Read More »PITI: Find Out All That Goes Into Your Mortgage Payment
loanDepot’s Mello Smartloan Can Shorten Mortgage Closing to Just 8 Days
In yet another effort to push mortgage lending firmly into the 21st century, loanDepot has debuted its proprietary “mello smartloan” technology, an end-to-end digital mortgage… Read More »loanDepot’s Mello Smartloan Can Shorten Mortgage Closing to Just 8 Days
Is the 30-Year Fixed Mortgage Going Extinct?
It’s that time again when we fret about the viability of the 30-year fixed mortgage. This last occurred in 2014 when Dick Bove warned that… Read More »Is the 30-Year Fixed Mortgage Going Extinct?
Is the Real Estate Market Going to Crash in 2019?
There have been a lot of unpleasant headlines regarding the state of the real estate market lately. Earlier this week, Redfin noted that only 1… Read More »Is the Real Estate Market Going to Crash in 2019?
What Is a Good Price for a First-Time Home Buyer?
Buying your first home can be pretty nerve-wracking. Regardless of what you pay, whether it seems like a little or a lot, there are going… Read More »What Is a Good Price for a First-Time Home Buyer?
The Cost of Property Taxes and Hazard Insurance
As home prices continue to flirt with record highs nationwide, the cost of property taxes and hazard insurance can be the tipping point. For example,… Read More »The Cost of Property Taxes and Hazard Insurance