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.

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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.

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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.

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Thinking about Refinancing? 3 Ways That You Can Boost Your Home’s Assessed Value First
By August 2, 2016 Read More →

Thinking about Refinancing? 3 Ways That You Can Boost Your Home’s Assessed Value First

In an effort to boost the value of their property, many homeowners invest in renovations that will help them sell at a higher price. However, with all of the renovation options, it can be hard to know what kind of fix-ups are really worth investing time and money into.

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Pay down Your Mortgage Faster by Eliminating These Five Unnecessary Household Expenses
By July 29, 2016 Read More →

Pay down Your Mortgage Faster by Eliminating These Five Unnecessary Household Expenses

The monthly mortgage payment can be one of the most significant household expenditures for a family. However, while it can be a sizeable amount, there are certain household things you may be able to eliminate that will help you put down more money and pay your mortgage off a little faster.

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Understanding Automated Underwriting and How It Impacts the Mortgage Application Process
By July 28, 2016 Read More →

Understanding Automated Underwriting and How It Impacts the Mortgage Application Process

From the time you’ll have to wait to the documentation that is required, here are some of the details on what you can expect when dealing with an automated underwriter.

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Need to Discuss – 3 Tips When Shopping for a New Home Loan
By July 21, 2016 Read More →

Need to Discuss – 3 Tips When Shopping for a New Home Loan

Finding a new home loan can seem challenging, but if you take the proper steps before you start applying for loans, you’ll have no difficulty finding a mortgage that works for you – and a lender that would love to have you as a borrower. Shopping for a mortgage isn’t like shopping for a couch, and there’s a lot that goes into the process.

So how can you shop for your new home loan in a way that saves you time and gets you the best loan for your needs? Here’s what you need to know.

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On a Variable Mortgage? 3 Signs Your Mortgage Payment Is About To Increase
By July 20, 2016 Read More →

On a Variable Mortgage? 3 Signs Your Mortgage Payment Is About To Increase

For many homebuyers who are new to the market, it can be very comforting to be on a fixed rate mortgage where fluctuating interest rates cannot have an impact on your monthly payments. While a variable rate mortgage can sometimes lead to significant savings at the end of the day, there are a few ways you can tell if your monthly payment is on the upswing.

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3 Tips to Consider when Shopping for a Second Mortgage
By July 14, 2016 Read More →

3 Tips to Consider when Shopping for a Second Mortgage

Whether you’re considering a second mortgage to consolidate your debt or complete some home renovations, there can be a lot that goes into making this financial decision. If this is an option you’re seriously considering, here are some basics to know before deciding to on this route.

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3 Mortgage Mistakes That Could Be Costing You Money
By July 13, 2016 Read More →

3 Mortgage Mistakes That Could Be Costing You Money

Purchasing a home can be one of the most exciting and stabilizing investments of your life, but because of the expense, there are many ways you may be spending more money than you should. If you’re wondering about the financial soundness of your home investment, here are some things to consider before putting anything down.

Posted in: Home Mortgage Tips