Consumers securing mortgage loan financing today at times might be frustrated with the amount of paperwork needed to get their mortgage application signed off. As a result, you must meet ATR which is ability-to-repay requirements to secure mortgage financing. As a result, some people depending on how technical their file is may experience more paperwork…
Picking the right mortgage loan type for your family is a big financial decision. Here are some things to consider about the three most popular types of mortgages and what the pros and cons and differences are between all three… Most mortgages today are for 30 year fixed rates. There are other terms available such…
Buying a home is a balancing act between a mortgage payment in relation to present and future expenses. One of the biggest challenges people have when buying a house is being able to plan a family budget around a mortgage payment. Real estate is not black and white, it is not linear sometimes it’s a…
A homeowners association payment can change your borrowing power. Here’s what you might want to think about when deciding to buy a home with a home owner’s association… A homeowners association payment can make or break your ability and or your desire to purchase a home. One of the things about homeowners association payments that…
One of the challenges people have when deciding to purchase a house is trying to pinpoint the right time to make the move. Everyone is in a different stage of life and pinpointing the optimal time can be a little bit tricky depending on one’s personal finances. Here are some things to consider when deciding…
How can you determine what is the right house, the right area the right location, and the right house for you and your family? Here are tips to consider as you’re out there in the marketplace looking at houses with your real estate agent… What type of house are you looking for? Are you looking…
If you’re getting a mortgage or thinking about getting any type of mortgage loan financing and you’re looking at interest rates for 30-year mortgages in the mid to s for example here’s what you need to know… Most mortgage offerings in the marketplace today at or sub 3% come with varying rates fees and in…
It’s no surprise 30-year mortgage rates today are under 3% with good credit, good equity, and good income. What you might not know is that not all loan situations are considered equal. Here are the several types of financing situations that might end up costing you more money… Please know your neighbor down the street…