Home Mortgage Tips

Five Tips for Managing Your Monthly Budget to Ensure Your Mortgage is Paid On-Time, Every Time
By August 12, 2014 Read More →

Five Tips for Managing Your Monthly Budget to Ensure Your Mortgage is Paid On-Time, Every Time

Homeowners who are struggling to make their monthly mortgage payments can make it easier on themselves by cutting costs in other areas. Learning how to budget effectively will likely enable homeowners to pay their mortgage payments on-time, every time.

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Is a 40-Year Mortgage Worth It? How to Decide Whether or Not This Longer Term is Right for You
By August 7, 2014 Read More →

Is a 40-Year Mortgage Worth It? How to Decide Whether or Not This Longer Term is Right for You

If you’re thinking about a mortgage, you may be wondering what length of payment term to choose. Here are some points to consider to see if a 40-year mortgage is appropriate for you.

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Can One Missed Mortgage Payment Affect Your Credit Rating? Yes! Here’s What to Do if You Miss One
By July 24, 2014 Read More →

Can One Missed Mortgage Payment Affect Your Credit Rating? Yes! Here’s What to Do if You Miss One

Most people don’t know whether or not a single missed mortgage payment can have serious consequences for their credit score.

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An Insider’s Guide to Reducing Your Remaining Mortgage Years Through a Smart Refinance
By July 17, 2014 Read More →

An Insider’s Guide to Reducing Your Remaining Mortgage Years Through a Smart Refinance

Is it always the best idea to pay off a mortgage over 30 years? While it may help a homeowner lower his or monthly payment, it can mean paying more in interest and waiting several more years to build sufficient equity in the home.

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Nearing Retirement? Three Reasons Why You Might Consider a ‘Reverse Mortgage’
By July 10, 2014 Read More →

Nearing Retirement? Three Reasons Why You Might Consider a ‘Reverse Mortgage’

If you are nearing retirement, a reverse mortgage might be right for you. This type of mortgage essentially allows you to turn your home equity into cash. If you find yourself with little money, a reverse mortgage could be the perfect solution, and here’s why.

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Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford
By July 8, 2014 Read More →

Mortgage Budgeting 101: How to Determine What You Can and Can’t Afford

When taking on a new mortgage it is important to know that you can afford to carry the debt load involved, as many people find themselves in financial trouble by spending more on real estate than they can comfortably maintain.

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Understanding the ‘Qualified Mortgage’ or QM and Why It’s Important to New Home Buyers
By July 1, 2014 Read More →

Understanding the ‘Qualified Mortgage’ or QM and Why It’s Important to New Home Buyers

Are you shopping for a home or a new mortgage? If you are interested in finding the best possible financial product, it is important to consider the benefits of selecting a Qualified Mortgage.

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Starting to Shop for a Mortgage? How to Assess Your ‘Debt-to-Income Ratio’ and Why This Number Matters
By June 25, 2014 Read More →

Starting to Shop for a Mortgage? How to Assess Your ‘Debt-to-Income Ratio’ and Why This Number Matters

For those who are looking to get a mortgage, the most important factor for having a mortgage application approved is the debt-to-income ratio of the borrower.

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The FHA Hawk Program for New Homebuyers is Coming: Here’s How It Affects Your Mortgage Insurance Premiums
By June 24, 2014 Read More →

The FHA Hawk Program for New Homebuyers is Coming: Here’s How It Affects Your Mortgage Insurance Premiums

The FHA offers many new programs and incentives for new homebuyers to take advantage of so that they can be part of the effort to ease the credit crisis.

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Should You Finance The Sale Of Your Home By Yourself?
By June 18, 2014 Read More →

Should You Finance The Sale Of Your Home By Yourself?

You’ve decided to put your home up for sale. Now, how are you going to make the most money selling it and get it sold the fastest? Perhaps you should consider providing owner financing, also known as seller financing.

Posted in: Home Mortgage Tips