Tag: Mortgage

Posted on 01/14/2024
Important Details to Know About Veteran Mortgage Relief
The U.S. government has multiple options available for military veterans who may be facing foreclosure. Through the Department of Veterans Affairs, borrowers can get financial relief through means such as forbearance, deferment, refinancing and more. However, there are some crucial details to be aware of. Here are some of the most important things to know about current veteran...
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Posted on 01/16/2022
Understanding Seller Financing
In real estate transactions, homebuyers have to obtain some kind of financing. Typically, this additional monetary support comes from a third party institution like a bank or mortgage lender. However, sometimes the seller may also offer financing directly. There are many options available depending on the specific need and situation. Here is a basic overview of seller financing...
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Posted on 09/20/2020
Consequences of Missed Mortgage Payments
Photo by: NeONBRAND via Unsplash Missing a mortgage payment is not the end of the world. Many lenders are more than ready to work out a payment plan if you’re going through a rough patch or budgetary crisis. However, you may end up doing more harm than good to your credit and home ownership if you don’t contact...
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Posted on 08/30/2020
Pros & Cons of Financing with a Mortgage Lender
Photo by Helloquence on Unsplash When financing a home purchase, one of the most basic decisions to make is where to get your mortgage from. The basic options are whether you should go to a mortgage lender or not. Financing with a mortgage lender has both pros and cons. Pro: Many Loan Options If you go to a...
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Posted on 02/09/2020
Home Financing - PMI and Down Payments
Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...
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Posted on 11/17/2019
When Should You Consider Paying Off Your Mortgage Early?
Deciding to pay off your mortgage can be a confusing decision to make. You might be wondering about how you would take care of other financial debts or emergencies should they arise. Deciding to pay or not to pay off your mortgage early should be a decision made by you. The economic circumstances around you should determine this...
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Posted on 11/10/2019
The Myth of 20%
Photo by Gustavo Frazao via Shutterstock Whether you’ve been saving up for a while or you’re just getting started, getting into a home might be easier than you think. If you’re looking to buy a home, but you just aren’t sure about tying all your savings into a house, check out the various loan options with low down...
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Posted on 09/22/2019
Strategies for Paying Off Your House Fast
You might think those people who own houses saved up until it got to the right amount. Well, this might be possible, but it is difficult to achieve since the temptation to use the money and unforeseen expenses may arise. So how do most people acquire a house? In America today, the quickest path to homeownership is by...
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Posted on 07/28/2019
What to Know About an Alternative Mortgage
Over the years, mortgage options were likely limited to what a person's local bank was willing to offer him or her. But today's new marketplace provides several fresh opportunities. With the continuous influx of alternative lenders, many homebuyers are now fully ready to connect with lenders all over the nation. Online, they can check out several loan systems...
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Posted on 11/26/2018
When Should You Submit a Mortgage Application?
If you plan to pursue a home in the near future, there is no need to wait to get a mortgage. Because if you enter the housing market with a mortgage in hand, you'll know exactly how much you can spend to acquire your dream house. As a result, you'll be able to map out your home search based...
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Posted on 11/19/2018
Key Signs That Now Is a Good Time to Apply for a Mortgage
For many individuals, the homebuying journey often begins with getting pre-approved for a mortgage. Because if a buyer has a mortgage, he or she can enter the real estate market with a budget in hand. Ultimately, there are many signs that now may be the perfect time to apply for a mortgage, and these include: 1. You're ready to...
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