Are you looking to lower your monthly mortgage payments? A rate-and-term refinance might be the solution. This comprehensive guide explores the ins and outs of rate-and-term refinancing, covering its … [Read more...]
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Lower Your Monthly Mortgage Payment and Put More Cash in Your Pockets
Managing a mortgage is a significant aspect of homeownership, and reducing monthly payments while freeing up extra funds can be enticing. Whether you're a seasoned homeowner looking to ease your … [Read more...]
How Much Can I Afford for a Monthly Mortgage Payment?
Purchasing a home is one of the most significant financial investments one will ever make in their lifetime. And often, homebuyers will purchase a home, spending more than they can afford, resulting … [Read more...]
When and How to Pay Off Your Mortgage Early
The idea of having to pay a mortgage over decades can discourage homeowners as a homeowner's dream is to own their home and be free of mortgage payments. Even more so, as homeowners get close to … [Read more...]
You Don’t Need a 20% Down Payment for a Home Mortgage
Typically, mortgage lenders want borrowers to put 20% down on a home purchase, lowering lenders' lending risk. However, a 20% down payment is not a requirement. You might not have enough cash for a … [Read more...]
PITI: 4 Components of a Mortgage Payment
PITI is an acronym for the four components of a mortgage payment: Principal, Interest, Taxes, and Insurance. When evaluating a homebuyer's maximum mortgage loan eligibility, lenders consider these … [Read more...]
Sweat Equity Mortgage: Pay Mortgage Down Payment and Closing Costs with Sweat Equity
In the United States, many homes are aging out of usefulness, providing opportunities for homebuyers to purchase them at a low price and invest their sweat equity to remodel the home. To help these … [Read more...]
Low Down Payment Mortgages Allowing Buyers to Purchase a Home Years Sooner
A new study by Zillow found that it takes 11 years for a single homebuyer to save for a 20% down payment, which is 6 years longer than it takes a couple. The good news is that many homebuyers qualify … [Read more...]
Should You Be Making Weekly or Bi-Weekly Mortgage Payments
Many homeowners are hesitant to pay their mortgage more than once a month. But with online banking and automated payments, it’s easy and convenient. So, if you want to pay off your home faster, build … [Read more...]
Conventional 1% Down Payment Mortgage – The Lender Contributes 2%
It's not always easy to find a low down payment mortgage, especially if you would like to avoid the high cost of mortgage insurance (MI). But now, qualified borrowers can get a conventional … [Read more...]
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