One of the financial programs aimed at homeowners wishing to refinance in the economic downturn was Making Homes Affordable Harp 2. The program to this day allows people to refinance even if … [Read More…]
3 things you must have for a mortgage loan
If you’ve never bought a home before or it has been many years since your last mortgage transaction, you’ll need to freshen up on the basics. What lenders look for… The 3 … [Read More…]
Will My Disability Income Count For Getting A Mortgage?
If you have an alternative income from a work-related injury or a long-term injury, the devil is in the details when it pertains to how, if or when any of your income … [Read More…]
Why A Low Rate Loan Is Not Always The Most Affordable
Other factors beyond the rate can drive up a your projected new monthly mortgage payment. Such adjustments include private mortgage insurance (PMI for short) and the term of the loan sought. A … [Read More…]
Quick Calculation For Determining House Payment
As consumer taking out a mortgage loan, computing a house payment can be a time-consuming process running calculations, let alone qualifying these days. What consumers don’t oftentimes realize, there’s a much easier … [Read More…]
How Higher Mortgage Rates Affect Payment
Purchasing a home or refinancing a home loan? If the interest rate is not locked, be prepared to watch the market very closely with your mortgage company. On closing escrow: Shorter term … [Read More…]
