Tag: Mortgage

Posted on 04/05/2020
Points: How They Benefit You
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
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Posted on 11/17/2019
Mortgage Loan Rejection: What Next?
Having your home loan rejected can be disappointing, but it is not the end of the road. This article is full of ideas to help get your loan approved on your next try: Re-edit your borrower profile Banks are vigilant on all aspects of credit, including the profile of the borrower. Remember that many criteria are crippling. Any...
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Posted on 08/04/2019
4 Tips For Successful Mortgage Closing
Pick a date The best time to set a closing date is at the end of the month as interest at the table is at its lowest then, and you'll want to pick a closing date around the same time your current lease is set to lapse. Take your time The conclusion of the closing means you have...
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Posted on 07/07/2019
When Should You Consider Paying Off Your Mortgage Early?
Deciding to pay off your mortgage can be a confusing decision to make. You might be wondering about how you would take care of other financial debts or emergencies should they arise. Deciding to pay or not to pay off your mortgage early should be a decision made by you. The economic circumstances around you should determine this...
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Posted on 06/02/2019
Types of Mortgages Buyers Can Choose From
There are different kinds of mortgages available to prospective homeowners today. The right mortgage for you will depend on a number of factors, including your level of income and credit rating. While there are numerous mortgage products available to buyers today, they will mostly fall under the categories below: FHA-Backed loans Most folks getting a home for the...
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Posted on 05/19/2019
Is a Home Really an Investment
For years, people have believed that their new home purchase is the same kind of investment as their 401k or stock and bonds. Even with the obvious drops in prices during and since the economic crash, many buyers continue letting their home be their only retirement asset. The main property you live in should be left out of...
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