Home Mortgage Tips

The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs
By September 15, 2015 Read More →

The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs

It’s amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer.

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What is HARP 2.0 And How Do I Know If I Qualify To Refinance With It
By September 11, 2015 Read More →

What is HARP 2.0 And How Do I Know If I Qualify To Refinance With It

If you’re looking for home refinancing options, you may have had difficulty in the past – especially if you owe more than your home’s value on your mortgage. Getting refinancing consumes much of your home equity, which is in short supply for people who already have a mortgage. But with the government’s extension of the HARP Program, you may now be able to refinance your home with a variety of lenders.

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A Step-by-step Guide to Preparing Your Finances for the Mortgage Pre-approval Process
By September 9, 2015 Read More →

A Step-by-step Guide to Preparing Your Finances for the Mortgage Pre-approval Process

Being pre-approved for a mortgage isn’t just a way to get a step ahead, in many cases it’s a necessity to buying a home. Many sellers don’t want to go through the negotiation process of selling their home only to have the buyer drop out when they can’t get approval for the mortgage they were relying on.

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3 Reasons Why the Cost of Title Insurance is Worth the Investment
By September 2, 2015 Read More →

3 Reasons Why the Cost of Title Insurance is Worth the Investment

Title insurance protects the owner of a home from any claim made against their property, whether or not they are responsible. These include unpaid mortgage balances on the home, an improper foreclosure or any form of real estate fraud perpetrated by the seller.

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A Quick Guide to the FHA Streamline Refinance Mortgage Loan Program
By September 1, 2015 Read More →

A Quick Guide to the FHA Streamline Refinance Mortgage Loan Program

Many homeowners would love to lower their interest rate or take advantage of other benefits associated with refinancing, but they are concerned about the time and expense associated with refinancing their current mortgage. The FHA Streamline Refinance loan program is designed to provide those who currently have an FHA loan with an easier way to refinance their mortgage, and this may be a desirable option for many.

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Buying a New Home? Three Tips on How to Get the Best Mortgage Rate
By August 27, 2015 Read More →

Buying a New Home? Three Tips on How to Get the Best Mortgage Rate

Buying a new home is one of the biggest steps that a person can take. Prior to taking out a home loan, you want to ensure that you get the best interest rate for your mortgage. In today’s blog post we’ll share three key tips that will help you get the best possible mortgage rate.

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A Few Common Misconceptions About Mortgage Pre-Qualification
By August 25, 2015 Read More →

A Few Common Misconceptions About Mortgage Pre-Qualification

By understanding how pre-qualification works, you’ll be able to find the right mortgage for you – at the best possible rate. So what is mortgage pre-qualification, and what isn’t it? Here are three common pre-qualification myths that you may have heard.

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Understanding the “Adjustable Rate Mortgage” (ARM) and How This Type of Mortgage Works
By August 18, 2015 Read More →

Understanding the “Adjustable Rate Mortgage” (ARM) and How This Type of Mortgage Works

Understanding what an adjustable rate mortgage, or ARM, is in comparison to a fixed rate mortgage can help applicants make a more informed decision about their mortgage plans.

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Five Required Mortgage Closing Costs – And A Few Tips On How To Minimize Them
By August 13, 2015 Read More →

Five Required Mortgage Closing Costs – And A Few Tips On How To Minimize Them

Mortgages are expensive, and closing costs only add to the financial burden that homebuyers face. But with a little knowledge, you can pinpoint places to save on your mortgage closing costs and keep more money in your pocket. When you’re negotiating your next mortgage, use these tips to reduce required closing costs and keep more of your hard-earned money.

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Will Missing Mortgage Payments Impact My FICO Score? Yes – and Here’s How
By August 11, 2015 Read More →

Will Missing Mortgage Payments Impact My FICO Score? Yes – and Here’s How

If you’re like most homeowners, you probably believe that one missed mortgage payment won’t have a noticeable impact on your FICO score. People get behind now and then, and besides, you’ve been faithfully making payments on time for years. How bad could it be?

Posted in: Home Mortgage Tips