Tag: Mortgage

Posted on 07/24/2022

Buying a house can be a source of tremendous stress for many. It’s extremely common to feel overwhelmed and nervous about specific aspects of the process. Luckily, there are some answers to the scariest questions to help ease your mind. Here are some of the biggest homebuying fears and what to do about them: “What if I don’t...

Buyers Remorse

Down Payment

+ 10 more

Posted on 03/20/2022

The basics of a 15-year fixed mortgage

Prospective homebuyers and current homeowners know that a mortgage is likely to go hand-in-hand with your home, unless another arrangement has been made. However, there are many options available for those monthly mortgage payments, most commonly through 30-year fixed rate mortgages and 15-year fixed rate mortgages. Most know about the 30-year option, but what about the 15-year fixed...

15 Year Mortgage

Fixed Rate Mortgage

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Posted on 06/27/2021

Mortgage Pre-Approval Guide

Buying your first home can be stressful enough without worrying about whether your mortgage loan pre-approval is going to go through. That’s why it’s such a good idea to know the requirements before you narrow down your home search. Here are the top items your mortgage broker or lender will need in order to pre-approve you for a...

First Time

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Posted on 04/25/2021

Which is Smarter: Paying Off the Mortgage or Investing?

Photo by Andrey_Popov via Shutterstock Often, when discussing ways to get out of debt, the subject of “mortgage versus investments” comes up. If you have a mortgage, your monthly budget likely revolves around paying it first, meaning investment ideas take a back seat. One way to free money up to invest is to pay off the mortgage, and...

Investment

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Posted on 03/28/2021

Should you Choose a Land Contract or a Mortgage?

Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...

Financing

Loans

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Posted on 07/07/2020

Missed Mortgage Payments and What to Do Next

Photo by: NeONBRAND via Unsplash Missing a mortgage payment is not the end of the world. Many lenders are more than ready to work out a payment plan if you’re going through a rough patch or budgetary crisis. However, you may end up doing more harm than good to your credit and home ownership if you don’t contact...

Mortgage

Personal Finance

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Posted on 02/02/2020

Home Buying Journey: Start with Your Loan

Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...

Mortgage

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Posted on 11/03/2019

Creating a Personal Mortgage Calculator

If the nerd in you comes out as soon as someone starts talking numbers, you might find yourself wondering how hard it is to create a mortgage calculator. Technically called an amortization calculator, the numbers you put into the calculation tell you what your payment each month breaks down to in terms of what goes to the principal...

Home Buyers

Loans

+ 1 more

Posted on 03/31/2019

How to Qualify For Low-Interest Mortgage Rates

Getting a new mortgage can be stressful, whether you are getting it for the first time or not. You have to carry out thorough research to avoid going into a mortgage that drains your pocket through high-interest rates. You can get yourself prepared for the lowest interest rate that is suitable for you by taking good care of...

Mortgage

Homebuyers

+ 1 more

Posted on 11/26/2018

3 Steps to Take Before You Apply for a Mortgage

If you plan to buy a house, you'll want to apply for a mortgage before you launch your house search. That way, you'll have your finances in order and can narrow your home search accordingly. Ultimately, there are several steps that you should take prior to applying for a mortgage, and these are: 1. Check Your Credit Score A...

Mortgage

Buying A Home