Buying a home isn’t cheap – and even though mortgage rates are low, your own financial circumstances may mean that your monthly payment is more than you can afford. Whether you’re a new buyer looking to save money or a cash-strapped owner who needs to free up extra income, there are several ways you can lower your monthly payments – here are just five of them.
How to Determine the Right Mortgage for You: The Pros and Cons of Each Type
April 21, 2016 by
Finding the right mortgage can be a struggle. There’s a wide array of mortgage products on the market, and you don’t always need to get a mortgage through your bank – and with so many options, it’s hard to know which one is your best bet.
Your ideal mortgage will depend on your own individual financial situation, but when you understand how different kinds of mortgages work, it’s easier to choose the right one. Here’s what you need to know about mortgage types.
A Quick and Easy Guide to Hiring the Best Contractor for Your Pre-sale Home Renovations
April 7, 2016 by
If you’re planning to complete some renovations on your home before putting it on the market, you may be unsure of the best way to go about finding the right contractor for the job. Here’s how you can get to the bottom of who will work the best for you.
Understanding Mortgage Tax Benefits and How They Save You Money in the Long Run
March 31, 2016 by
If you’re considering whether home ownership is the right decision for you, there are lots of different factors you’ll want to take into account. Do you want to keep moving around, or are you ready to lay down roots in a community? Are you prepared for the additional upkeep that home ownership requires?
The FHA Mortgage Minimum Credit Score Has Been Reduced. Here’s What You Need to Know…
March 29, 2016 by
If you haven’t heard about the changes to the Federal Housing Administration’s (FHA) credit score minimum, here’s some information on the recent reduction and how it may impact your home purchase.
How to Calculate Your True Cost of Living and Determine How Much of a Home You Can Afford
March 9, 2016 by
If you’re in the market for a house and are wondering how your income will stack up against the rest of your expenses, here’s how to determine a home cost that’s reasonable for you.
Help Available To Struggling Homeowners Set To End In 2016
February 24, 2016 by
If you haven’t heard of HARP refinancing and you’re a homeowner who’s looking for a lower interest rate, this may be the right solution to your payment woes. Instead of letting the opportunity blow by, here’s all you need to know before this option ends in 2016.
Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage
February 10, 2016 by
Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate measure of whether or not that person can afford a home.
Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan
February 3, 2016 by
Buying a home isn’t cheap. But if you’re determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality.
Have You Been Denied for a Mortgage? Here Are 3 Reasons Why You’ll Want to Keep Trying
January 13, 2016 by
If you’re in the market for a new home, you’ll most likely need a mortgage in order to afford it. But for some home buyers, getting a mortgage isn’t easy. Here are three factors that can influence the likelihood of approval on the second try.
