Author Archive: John Evans

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Bi-weekly or Monthly Mortgage Payments – Which is better?
By August 16, 2016 Read More →

Bi-weekly or Monthly Mortgage Payments – Which is better?

When you apply for a new mortgage, your lender may ask if you want to set up monthly payments or bi-weekly payments. At one time, monthly payments were common, but bi-weekly payments are increasing in popularity. This is because they break a large expense up into two smaller and seemingly more manageable payments. In addition, you can also make what equates to a full extra payment on the mortgage each year with a bi-weekly payment structure. Before you decide which is best for you, consider a few factors.

Posted in: Mortgage Tips
What’s Ahead For Mortgage Rates This Week – August 15, 2016
By August 15, 2016 Read More →

What’s Ahead For Mortgage Rates This Week – August 15, 2016

Last week’s economic news included reports on job openings, retail sales and recurring reports on mortgage rates and new jobless claims. Job openings and hiring increased, which provided further evidence of stronger economic conditions. Retail sales were flat in July, new unemployment claims dropped and mortgage rates changed little.

Posted in: Mortgage Rates
Three Proven Ways You Boost Your Credit to Get a Mortgage Approved
By August 12, 2016 Read More →

Three Proven Ways You Boost Your Credit to Get a Mortgage Approved

Credit problems are unfortunately common, and they can make it difficult for you to obtain a mortgage. Even if you are able to obtain a mortgage with your credit issues, the rate may be rather high in comparison to what you may qualify for if you obtain a mortgage without fixing your credit problems. While some issues may take a while to fix, you may be able to see a decent increase in your credit rating when you follow a few easy steps.

Posted in: Mortgage Tips
Pocket the Profits: The Secrets to Selling Your Home above the Asking Price
By August 11, 2016 Read More →

Pocket the Profits: The Secrets to Selling Your Home above the Asking Price

We all want to sell our homes at above asking price, but what is it that makes a seller succeed at this? Here’s our expert advice on how you can sell your home above the asking price.

Posted in: Home Seller Tips
Can You Get a Mortgage after a Chapter 7 Bankruptcy Discharge? Yes – But You’ll Have to Wait
By August 10, 2016 Read More →

Can You Get a Mortgage after a Chapter 7 Bankruptcy Discharge? Yes – But You’ll Have to Wait

If you’re currently undergoing a Chapter 7 bankruptcy and are wondering how this will impact home ownership, here are the basics on this type of bankruptcy and what it may mean for you.

Posted in: Home Mortgage Tips
Leveraging LPMI: The Pros and Cons of Lender-Paid Mortgage Insurance
By August 9, 2016 Read More →

Leveraging LPMI: The Pros and Cons of Lender-Paid Mortgage Insurance

If you’ve heard the term Lender-Paid Mortgage Insurance (LPMI), this is when the mortgage lender pays off mortgage insurance on behalf of the homeowner. While this kind of insurance can be beneficial for some homeowners, here are some of the basics on LPMI so you can determine whether or not it will work for you.

Posted in: Home Mortgage Tips
What’s Ahead For Mortgage Rates This Week – August 8, 2016
By August 8, 2016 Read More →

What’s Ahead For Mortgage Rates This Week – August 8, 2016

Last week’s economic reports included construction spending, personal income, and multiple reports on employment. Freddie Mac’s mortgage rates survey and new jobless claims were also released.

Posted in: Mortgage Rates
Thinking about a ‘Fixer Upper’? Understanding the Balance Between Purchase and Reno Costs
By August 5, 2016 Read More →

Thinking about a ‘Fixer Upper’? Understanding the Balance Between Purchase and Reno Costs

Fixer uppers can come with huge price benefits and opportunity, as well as problems. Make sure you understand what you’re getting yourself into before you purchase a home that needs significant restoration.

Posted in: Home Buyer Tips
3 Different Types of Loan That Will Negatively Impact Your Ability to Get a Mortgage
By August 4, 2016 Read More →

3 Different Types of Loan That Will Negatively Impact Your Ability to Get a Mortgage

A good credit rating is built on a number of financial factors including paying your bills on time and the length of your credit history, but loans can also be a source of bolstering your credit score in a positive way.

Posted in: Home Mortgage Tips
Spouse with Bad Credit? 3 Reasons You’ll Want to Consider a Co-signer for Your Mortgage
By August 3, 2016 Read More →

Spouse with Bad Credit? 3 Reasons You’ll Want to Consider a Co-signer for Your Mortgage

If you’re concerned about what bad credit will mean for your mortgage and are weighing your options, here are some reasons why it might be important to use a co-signer for your application.

Posted in: Home Mortgage Tips