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

by John Evans | Aug 12, 2014 | Home Mortgage Tips

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. Here are five...

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

by John Evans | Aug 7, 2014 | Home Mortgage Tips

There are different timetables for mortgages. The most common types are 15-year and 30-year mortgages. However, a mortgage broker can establish unique timetables for a homeowner, such as a 40-year mortgage. Friends may recommend going for a long-term timetable, but...

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

by John Evans | Jul 24, 2014 | Home Mortgage Tips

Most people don’t know whether or not a single missed mortgage payment can have serious consequences for their credit score. The good news is that there are things that can be done to mitigate the damage and help anyone who has missed a payment repair their...

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

by John Evans | Jul 17, 2014 | Home Mortgage Tips

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

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

by John Evans | Jul 10, 2014 | Home Mortgage Tips

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....

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

by John Evans | Jul 8, 2014 | Home Mortgage Tips

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. Your mortgage budget can be calculated...
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