Tag Archives for " Mortgage "
Finding Your Latte Factor: 3 Ways to Find the Money to Make Extra Mortgage Payments
It’s not uncommon for a homeowner to want to pay more than the minimum monthly mortgage payment on their home. However, just because it can seem hard to come up with the funds on a monthly basis doesn’t mean it’s not possible to find the money for extra mortgage payments each year. If you’re wondering how you can pay down your mortgage debt much sooner with extra money, here are some tricks you may want to try.
Continue readingForget About the Bank of Mom and Dad — Here’s How You Can Save Your Own Down Payment
Are you considering buying a home for the first time? It might come as a surprise that you’ll want to have approximately 20% of the purchase price of your home for a down payment. For some, it can seem nearly impossible to come up with the funds. Fortunately, there are a few ways that you can save a little over time and not have to borrow from the “Bank of Mom and Dad”.
Continue readingMortgage Tips: Answers to 4 Common Questions About Reverse Mortgages
There are many mortgage products on the market that work for all different kinds of homebuyers, but many people have not heard about reverse mortgages and how they can benefit their situation. If you’re curious about this type of mortgage and want to know more, here are some questions that will get you on the road to understanding the ins-and-outs of this product.
Continue readingRecently Lost Your Job? 3 Tips for Managing Your Mortgage When You’re Out of Work
The financial responsibility of a monthly mortgage payment can be stressful on its own, but you may be even more concerned about your home investment if you’ve recently lost your job. Fortunately, there are some things you can do and places you can turn if you’re not yet certain where your next paycheck will come from. If you’re struggling with newfound unemployment, here are some important steps to take.
Continue readingUnderstanding Your FICO Score and Why Small Credit Mistakes Can Cause Huge Headaches
Many people all over the world are dealing with issues involving debt or poor credit history, but most aren’t necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it’s the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you’re looking to improve your understanding and your finances, here’s what you need to know about small mistakes and your FICO score.
Continue readingWith Mortgage Rates This Low, Should You Dive In? 3 Reasons Why Now Might Be the Time
Whether you’ve just finished school or are about to start a family, investing in a home can be one of the biggest financial decisions of your life. But as you’ll soon discover, there are a number of considerations you’ll need to make. It can be difficult to know whether to get a short-term or long-term mortgage, or how long of an amortization period you’ll need.
Continue readingBudgeting 101: How to Plan Your Budget Around Your Monthly Mortgage Payments
If you’ve decided to invest in a home, you might be wondering how to make all of the expenses work. From the groceries to your mode of transportation, all of those little things can quickly add up. Fortunately, it’s easy enough to ensure you have the money each month by carefully calculating your expenses and ensuring there’s a little wiggle room in case of leaner times. Here are the details on how to begin with your mortgage budgeting plan.
Continue readingA Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years
With a high volume of millennials set to enter the real estate market this year, it may seem like all the available options out there were created to snag new home buyers. However, there are products available on the market that cater to those who are in their golden years too. If you’re older than 62 and are currently weighing the options with your mortgage, here are the basics on reverse mortgages and why they might positively benefit you.
Continue readingWant a Quick Mortgage Approval? Come Prepared With These 5 Key Items
Whether you’re finally prepared to get into the real estate market or you want to know how you can make a deal quick, there are a few necessary documents you’ll need to prove your reliability to a mortgage lender. If you’re wondering what will be involved in getting the application approval you’re looking for, here are the documents you’ll want to have on hand when the time comes.
Continue readingUnderstanding How Mortgage Calculators Work and When to Make Use of One
Investing in a home is a big financial decision, and along with the decision to buy is the question of how much mortgage you’ll be able to afford. While your debt-to-income ratio can be helpful in determining the range for your mortgage amount, a mortgage calculator can be a beneficial tool in coming to a potential price. If you’re curious about how and if this financial tool can benefit you, here are the details about using a mortgage calculator.
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