Home Mortgage Tips

What Fees or Costs Are Involved With a Reverse Mortgage? Let’s Take a Look
By April 26, 2017 Read More →

What Fees or Costs Are Involved With a Reverse Mortgage? Let’s Take a Look

As a means of avoiding monthly mortgage payments, a reverse mortgage is a way for homeowners to tap into their equity in order to defer the payments on their home. While this can be a beneficial option for those who are older than 65, it’s important to be aware that – like any mortgage product – there are a number of associated fees. If a reverse mortgage is something you’re considering in the future, here are some of the costs you’ll be looking at.

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Did You Know? How Accelerating Your Mortgage Payments Can Help Your Credit Score
By April 21, 2017 Read More →

Did You Know? How Accelerating Your Mortgage Payments Can Help Your Credit Score

The tough part might be over after your mortgage has been approved, but it’s still important to keep on top of your monthly payments and maintain a good credit score for your financial future. If you’re currently wondering how increasing your mortgage payments can help your credit outlook, here are some things to consider.

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Saving for a Mortgage Down Payment? 4 Tips That Will Help You Get There Faster
By April 13, 2017 Read More →

Saving for a Mortgage Down Payment? 4 Tips That Will Help You Get There Faster

For most people, the idea of saving more money each month is enough of a burden without having to think about investing in a home. A down payment, however, will require a lot more saving know-how and a lot more in liquid assets in order to be able to buy. If you’re trying to find ways to save a bit more each month, here are some sure-fire tips for raising the extra funds.

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Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score
By April 12, 2017 Read More →

Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score

A poor credit history is a reality for many people, but it can be particularly daunting when it comes to investing in a house. Fortunately, simply because you or yours have experienced bad credit doesn’t mean that you should be penalized in the future. If your spouse has struggled with bad credit in the past but you’re both preparing to move forward and invest in a home, here are some tips for getting it together financially.

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Buying a Home With a Mortgage? Here’s What You Can Expect at Your Closing Meeting
By April 6, 2017 Read More →

Buying a Home With a Mortgage? Here’s What You Can Expect at Your Closing Meeting

If you’ve decided to invest and have finally found your ideal home, it’s probably an exciting time for you and your family. But before the deal is sealed, there will be a closing meeting so that all of the loose ends can be tied up. If you want to be ready for closing and are curious what the final meeting will entail, here are a few things to be prepared for.

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Your Debt-To-Income Ratio and How It Affects Your Mortgage
By April 5, 2017 Read More →

Your Debt-To-Income Ratio and How It Affects Your Mortgage

When you’re delving into the market in the hopes of finding your dream home, it’s likely you’ll come across the term debt-to-income ratio. This may not seem important at first, but your DTI is the key to determining the amount of money you can put into your home and just how much you should spend on a monthly basis. If you’re curious about what this means for you, here’s how to calculate it and how it can impact your mortgage.

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Understanding Mortgage Amortizations and Why Longer Periods Can Cost More
By April 4, 2017 Read More →

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it.

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Trim Your Mortgage Closing Costs by Following This Easy 3 Step Guide
By March 30, 2017 Read More →

Trim Your Mortgage Closing Costs by Following This Easy 3 Step Guide

You may be so busy with determining your debt-to-income ratio and deciding what kind of offer to make that closing costs have gotten lost in the mix, but it’s important to remember that finalizing your mortgage will cost you extra. While there’s no way to get around paying money to solidify your mortgage, there are a few steps you can take in order to make it more economical for you.

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Is It Still Possible to Get a Mortgage With Zero Down? Yes – and Here’s How
By March 23, 2017 Read More →

Is It Still Possible to Get a Mortgage With Zero Down? Yes – and Here’s How

When it comes to investing in a mortgage, the down payment is key in making your investment a reality and proving to lenders that you’re a safe bet. However, while most opportunities for putting zero down on a home have disappeared since the recession, there are still a few ways to buy without putting money down. If you’re currently weighing your options, here’s what you need to know if you don’t have a down payment ready.

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Buying a New Home? Three Major Mortgage Missteps That You’ll Want to Avoid
By March 21, 2017 Read More →

Buying a New Home? Three Major Mortgage Missteps That You’ll Want to Avoid

Buying a home is one of the biggest financial investments you’ll make in your life, and it’s important to make sure that you’re doing what will be right for you down the road. If you’re trying to avoid buyer’s remorse and are wondering what major missteps to avoid when diving into the market, here are a few things you may want to watch out for.

Posted in: Home Mortgage Tips