So you’ve found the perfect home, the seller has accepted your offer, and now you’re just waiting for the mortgage to close before you wrap up the sale and take possession. It’s time for the closing meeting. But what does this meeting entail? And what do you need to prepare for it? Here’s what you need to know.
How to Give the Ultimate Christmas Gift: Paying Off a Family Member’s Mortgage
December 2, 2015 by
Christmas is just around the corner, and if you’re in a position to do it, paying off a family member’s mortgage is one of the biggest gifts you could give this holiday season.
What Are the Advantages to Paying off Your Mortgage Early? Here Are a Few That Might Entice You
November 18, 2015 by
If you’re looking into fixed term mortgages, you might be wondering whether there’s any reason why you should take the full term to pay off the loan. In a lot of cases, paying off a mortgage before it comes due is a great decision. If you’re considering paying off your mortgage early, you’ll experience a variety of benefits â here are just a few of them.
Did You Know? Why a Mortgage Pre-qualification Meeting Might Be Your Best Use of 5 Minutes
November 12, 2015 by
If you’re in the market for a mortgage, you may want to set up a pre-qualification meeting with a bank or lender. Even if you’re not sure which lender you’d like to apply for a mortgage with, pre-qualification can still be a valuable step to take. And given that it only takes a few minutes, it’s something every potential homeowner can do.
Looking to Close Faster? Follow This Easy Guide to Speeding Up the Mortgage Process
November 4, 2015 by
If you’re buying a home, you’ll want to try to get your mortgage processed as quickly as possible. Improperly filed mortgage applications are one of the biggest reasons why home sales get delayed, and if you have a hard move-out date already set, it’s critical that your mortgage process goes smoothly.
Can You Give a Relative a Gift of Cash for a Mortgage Down Payment? Yes – Here’s How
October 21, 2015 by
A new house is a major investment. Even if you have a mortgage, the bank and the seller will still expect a sizable down payment. That’s why lots of people regularly gift down payments to friends and relatives – it’s a great way to help young people start out on the path of home ownership.
How Much Should You Budget for Closing Costs? Let’s Take a Look
October 15, 2015 by
If you’re in the market for a new home, you’re probably trying to budget for all of the expenses that come with a home purchase. After all, the asking price isn’t necessarily the entire amount that you’ll pay – there are other expenses that will factor in to the final price. One such expense is your closing costs.
Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits
September 25, 2015 by
One of the major benefits to purchasing a home with a mortgage are the tax credits that can be taken advantage of when April 15 comes around. Many homeowners are unaware of what mortgage related expenses can be deducted and, more importantly, which ones can no longer be deducted.
Saving Up for Your Down Payment? Try These Money-Saving Tips To Speed Things Up
June 3, 2015 by
One of the most significant challenges that many people face when preparing to buy a first home relates to saving money for a down payment. While there are many different loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money.
Save Some Additional Cash with Our Guide to Lowering Your Monthly Mortgage Payment
May 14, 2015 by
If you are like many other homeowners, your home mortgage payment is the single largest expense in your monthly budget. This is a fixed expense that you will typically be responsible for until your loan is paid in full or until you sell your home, and you may have a 15, 20 or even 30 year term on your mortgage.
