Home Mortgage Tips

The Pros and Cons of Paying Your Mortgage Bi-weekly Vs. Monthly
By July 9, 2015 Read More →

The Pros and Cons of Paying Your Mortgage Bi-weekly Vs. Monthly

When applying for a new mortgage or after closing, many will have the option to choose between a single monthly mortgage payment or smaller bi-weekly payments. There are benefits and drawbacks associated with both options, and some personal financial considerations may need to be reviewed in order to make a decision that is best for the individual.

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Start with the Basics: How to Create a Budget to Determine How Much Mortgage You Can Afford
By July 7, 2015 Read More →

Start with the Basics: How to Create a Budget to Determine How Much Mortgage You Can Afford

A mortgage is typically one of the biggest monthly payments and financial responsibilities that a person is responsible for. Mortgage payments usually impact the person’s budget significantly for several decades or longer.

While there are mortgage calculators online that can be used to estimate an affordable mortgage payment, it is important to start with a basic budget. A budget will allow you to more accurately determine how large of a mortgage payment is truly affordable before applying for a new mortgage.

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Buying a New Home? 3 Tips for Being Approved for a Second Mortgage – and How to Manage It
By June 30, 2015 Read More →

Buying a New Home? 3 Tips for Being Approved for a Second Mortgage – and How to Manage It

Applying for a second mortgage is a great way to keep your down payment amount to a minimum and to keep more of your cash in your bank account. It can also help you to avoid making PMI payments…

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Four Surefire Ways to Ensure That You Get the Best Possible Deal on Your Mortgage
By June 23, 2015 Read More →

Four Surefire Ways to Ensure That You Get the Best Possible Deal on Your Mortgage

Taking time to set up your home mortgage is one of the best steps that you can take to promote financial health and security. If you want to ensure that you get the best deal on your mortgage, focus on these key tips.

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Suffering from Credit Problems? Three Ways You Can Patch Up Your Credit to Get a Mortgage Approved
By June 17, 2015 Read More →

Suffering from Credit Problems? Three Ways You Can Patch Up Your Credit to Get a Mortgage Approved

Credit problems are unfortunately common, and they can make it difficult for you to obtain a mortgage. 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.

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An Insider’s Look at Mortgage Closing Costs and How to Minimize the Amount You’ll Pay
By June 16, 2015 Read More →

An Insider’s Look at Mortgage Closing Costs and How to Minimize the Amount You’ll Pay

When buying a new home, you may be focused on finding a mortgage program that has a down payment requirement that is manageable for you. However, some home buyers will overlook the costs that they are responsible for at closing. The good news is that there are some steps that you can take to keep these costs to a minimum.

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The Pros and Cons of Using Spare Funds to Pay Your Mortgage Down Faster
By June 11, 2015 Read More →

The Pros and Cons of Using Spare Funds to Pay Your Mortgage Down Faster

A home mortgage payment can be a large or even the largest expense in a person’s budget, and not having this payment any longer can be a life changing experience.

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First-time Mortgage Borrowers: Avoid These “Rookie Mistakes”
By June 9, 2015 Read More →

First-time Mortgage Borrowers: Avoid These “Rookie Mistakes”

As a first-time home buyer, you may be stressed about finding the right home to buy and researching the neighborhoods and schools. While these are all factors to pay attention to, you also need to focus heavily on your mortgage.

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Which is Better: Bi-weekly or Monthly Mortgage Payments? Let’s Take a Look
By June 4, 2015 Read More →

Which is Better: Bi-weekly or Monthly Mortgage Payments? Let’s Take a Look

When you apply for a new mortgage, your lender may ask if you want to set up monthly payments or bi-weekly payments. Before you decide which is best for you, consider a few factors.

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An Insider’s Guide to Fannie Mae’s HomePath Program and Closing Cost Assistance
By June 2, 2015 Read More →

An Insider’s Guide to Fannie Mae’s HomePath Program and Closing Cost Assistance

The Fannie Mae HomePath program and closing cost assistance program is a beneficial option for many, and you may benefit from learning more about it.

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