Whether you are a first-time homebuyer or a current homeowner, purchasing a home is an exciting experience. However, when the mortgage lender mentions the term "down payment," potential homebuyers get … [Read more...]
How to Save for a Down Payment
The American dream for many is buying a home, one of the most significant and vital investments in our lifetime. Many people will need a mortgage when purchasing a home, and most mortgages, although … [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...]
Can You Get a Mortgage While on Unemployment?
If you are unemployed, you may feel you have to put a hold on your plans, such as the dream of refinancing or purchasing a home. With mortgage lenders typically wanting proof of employment and a … [Read more...]
Factors to Consider in Deciding Whether to Use a Bank or Broker for Your Mortgage
If you are shopping around for a home loan, you have two options, a mortgage broker or a bank. Depending on your preferences and financial circumstances, one may be better than the other. Knowing the … [Read more...]
4 Reasons to Consider a 15-Year Mortgage
When looking to purchase a home, you will realize you have many decisions to make. First, you must decide on a mortgage lender and loan that suits your financial circumstances. One major decision is … [Read more...]
Why Are There Often Big Differences Between Interest Rates Quoted Online?
When shopping for a mortgage, you may notice the terms "APR" and "interest rate." By law, it is a requirement for lenders to advertise both the interest rate offered as well as the APR. Since the … [Read more...]
Advantages and Disadvantages of an FHA Home Mortgage
Deciding which mortgage is right for you can be challenging. However, researching and learning what each type of loan offers can help borrowers make the best choice based on their financial … [Read more...]
6 Tips To Get The Lowest Mortgage Rate
Getting the lowest mortgage rate is extremely important for homebuyers. Low mortgage rates save homebuyers and homeowners money on their monthly mortgage payments and help them afford the home that … [Read more...]
