Conventional loans are crème de la crème of home mortgage market. This loan type offers the best possible terms and fees along sustainable long-term affordability. Little equity and credit blemishes can make your mortgage more pricey. What to know… Conventional Loans Mortgages originated by banks, lenders and brokers across the country and sold on the…
Everyone wants to know they’re getting a fair and reasonable mortgage offer. The federal government supports the annual percentage rate disclosure as the benchmark barometer of loan cost. Here are the facts… Quick APR Tidbits The annual percentage rate is a disclosure only seen in the origination of new credit or in advertisements of various…
All too often, the water cooler talk circulates and the stories about mortgage companies dropping the ball become ingrained with would be borrowers and the real estate community alike. How to stop changes before they happen… Rates & Loan Fees Change Fees changing and rising, sting the most. Nothing is more frustrating for a consumer…
No one actually wants a mortgage. A mortgage is simply a means to an end, if you don’t have the cash. Ridding yourself of the financial obligation is the next best thing, but could it come at the expense of your credit score? What to know… Mortgage Affects On Credit Score Nothing can help or…
If you completed a loan modification in the past, you’ll need to meet certain credit thresholds to get a green light for a new loan. What to know… What Is A Loan Modification? A loan modification also known as a restructured mortgage is a loan in which the original terms of the transaction changed resulting…
Saving up to buy a home down the road? That might make sense from a personal financial planning perspective, but from a pragmatic approach to actually getting your foot in the door you may want to reconsider your position. What to consider… In most cases your ability to save is going to be at a…
Demand for housing remains strong as we enter this spring season. Renters are finding buying a home may even in some cases be less than renting. If you don’t have a lot of cash are looking to purchase your first home this year read on…. How Much Cash You Will Need Hint- it’s less than…
One of the best way is bar none to eliminate your mortgage debt is moving into a 15 year fixed rate loan. With the average spread a full 1% compared to its 30 year mortgage counterpart, a 15 year mortgage provide can an increased rate of acceleration in paying off the biggest obligation of your…