Tag: Mortgage

Posted on 03/26/2023
Options for Veteran Mortgage Relief to Consider
If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...
Mortgage
Mortgage
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Posted on 01/08/2023
Getting preapproved for a mortgage: The basics
Getting preapproved for a mortgage is an essential part of the home-buying process. While it’s possible to wait before securing your financing, there are major benefits to getting preapproval early. For more information about preapproval, here are the basics to consider: When to get preapproval It’s recommended that would-be homebuyers obtain a preapproval letter from a mortgage lender...
Buying
Buying
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Posted on 08/02/2020
Buying with Less than 20% Down
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...
Mortgage
Mortgage
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Posted on 12/22/2019
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...
PMI
Mortgage
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Posted on 09/08/2019
Calculating Your Mortgage Costs
Learning the nuances of buying a home does not take a college degree in mathematics. You do not even need to know calculus or trigonometry. The numbers all come from multiplication, division, and percentages. However, understanding the numbers is not all there is to know about mortgages. Debt finance has a language of its own, so here are...
Mortgage
Real Estate
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Posted on 06/16/2019
Securing a Home Mortgage
A mortgage loan is crucial to owning a home unless you can afford to pay cash. Mortgages are significant; they're used by individuals and businesses to make large real estate purchases without paying the entire purchase price up front. Over the years, the borrower repays the loan, plus interest, until he or she owns the property free and...
Mortgage
Loans
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Posted on 02/25/2019
Boost Your Credit Score Quickly Before Applying for a Home Loan
It’s hard to overstate the importance of credit scores when it comes to buying a home. Along with your down payment, your credit score is a deciding factor of getting approved and securing a low interest rate. Credit can be complicated. And, if you want to buy a home in the near future, it can seem daunting to try...
Mortgage
Credit Score
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Posted on 02/18/2019
What To Know About Mortgages As A First-Time Buyer
If you’re buying a home for the first time, you have a lot to learn. There are so many decisions that need to be made and new terms to be understood. While you may have been saving up for a downpayment, you’re most likely going to need t finance the majority of the cost of your home. Knowing how...
Mortgage
First Home
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