You may be so busy with determining your debt-to-income ratio and deciding what kind of offer to make that closing costs have gotten lost in the mix, but it’s important to remember that finalizing your mortgage will cost you extra. While there’s no way to get around paying money to solidify your mortgage, there are a few steps you can take in order to make it more economical for you.
Thinking About Refinancing Your Mortgage? 4 Ways to Ensure It’s Worth Your Time
March 15, 2017 by
If you’re familiar with the real estate market, you’ve likely heard the term ‘refinancing’ and may be wondering what this can mean for your mortgage and your financial well-being. While refinancing can be a great benefit for those who are looking for a lower interest rate or a different mortgage type, here are the details on what it can offer and whether or not it will work for you.
Did You Know: 3 Reasons Why Mortgage Pre-approval Should Be Your Very First Step
March 10, 2017 by
There are so many details involved in the mortgage process that you may not be aware of what pre-approval is if you’ve just entered the market. However, pre-approval assesses your ability to make monthly mortgage payments and can be an important first step in the home-buying process. If you’re currently contemplating a home purchase, here’s why you may want to consider pre-approval first.
If Your Home Is Destroyed in a Natural Disaster, What Happens to Your Mortgage?
March 8, 2017 by
When you’ve been in your home for a while and have established a certain amount of equity, it can be a good feeling to know that you have an investment you can count on. However, with changing weather patterns you may be afraid of a natural disaster striking and what it could mean for your financial well-being.
4 Misconceptions About Reverse Mortgages — and Why You May Decide You Want One
February 22, 2017 by
With so many mortgage products available on the market, it can be hard to know which ones will serve you best as a homeowner. As a result, there are many mistruths surrounding reverse mortgage products. Let’s clear away some of the misconceptions.
The 2017 Mortgage Rate Outlook: Here’s What the Experts Are Saying
February 15, 2017 by
The post-election period is often one of uncertainty, and the time since the 2016 election has been no different with regards to market force and the financial world. With a new administration taking office, there are many questions regarding how Donald Trump’s presidency will impact the market and your mortgage.
Worried About Future Mortgage Rate Increases? Here’s How to ‘Stress Test’ Your Finances
February 8, 2017 by
When it comes to real estate, there are always going to be upswings in the market that will have an impact on your mortgage payment and overall financial health. If you’re concerned about rates on the rise, here are a few tips to test out you’re fiscal well-being.
The First-Time Home Buyer’s Guide to Getting the Best Possible Mortgage Rate
February 2, 2017 by
Whether they’re found online or heard from family and friends, there are so many mortgage tips out there that it can be hard to know exactly how to proceed. But, if you’re new to the market, there are a few surefire things you can do to get a mortgage rate you’ll feel good about. For some of the best tips on getting a great loan, look no further than the following.
How Will Having a New President Impact Your Mortgage? Let’s Take a Look
January 27, 2017 by
There is always uncertainty in the market in an election year, but many people are wondering exactly what kind of impact Donald Trump’s election will have on their mortgage and the real estate options available. Here are some possibilities for the mortgage market following the results of the 2016 election.
Get Your Mortgage Paid Down Faster With These 5 Simple Money Saving Strategies
January 25, 2017 by
The monthly mortgage payment can be burdensome for many, but it’s possible you’ve thought of trying to pay it down more quickly. Without getting a new job or working overtime, here are some tips you can use on a daily basis to save additional funds and pay off your mortgage at a swifter rate.
