Mortgages are not cheap. Closing costs and interest paid over time to your lending bank will make the cost of having a mortgage very pricey over the 15-30 years that you have … [Read More…]
6 questions every lender will ask
Like it or not when you apply for a mortgage you’re going to go through financial scrutiny. How well your financial picture is in order will determine an easy, slow or difficult … [Read More…]
How to figure out closing costs on a mortgage
Closing costs are a factor you must account for consider when taking out a mortgage to buy or refinance a home. Here’s what you need to know across the board… When can … [Read More…]
Should you go FHA or Conventional?
FHA loans and conventional loans remain the most popular financing type for today’s mortgage borrowers. Here’s how to determine which program makes the most financial sense for you… FHA loans are insured … [Read More…]
One really smart move to best prepare for getting a mortgage
Securing mortgage loan financing requires a laundry list of paperwork. Here’s a really simple tip you can take to the bank to make sure your process is easy while getting the best … [Read More…]
Waiting for rates to drop on a new mortgage?
It’s no secret interest rates are the main driver of the nation’s loan volume. Fixed rate mortgages are currently sub 4%. Here is why waiting for a better rate could be risky … [Read More…]
Why harp refinances are dwindling
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…]
Should you refinance your house with a direct-mail mortgage offer?
Many homeowners are often inundated by the amount of junk mail offers they receive each month. Here is what to think about if you’re considering refinancing with a direct-mail solicitor… Confusing pitch … [Read More…]
Make your credit fit the mortgage box
If you have some credit challenges preventing you from getting mortgage with competitive rates and fees, read on. Here are some tips you can take to the bank… Know this: you need … [Read More…]
What to do if you need last year’s income tax returns to get a mortgage
How’s your income? This is the first of many questions a banker is going to ask when you apply for a home loan. Here is how tax returns play a role in … [Read More…]
