A mortgage is one of the most expensive purchases you’ll make in your life, and for many the idea of being indebted to it for years can seem like quite a burden. However, while you won’t necessarily be able to pay off your home with instant savings, there are ways that you can pay… Continue reading 3 Ways to Earn Some Spare Cash to Help Pay Your Mortgage Down Faster
Whether it’s to consolidate debt or make funds available for a home renovation, many people consider a second mortgage to make it possible to pursue other options. However, like any important financial decision, it’s important to be informed about the financial implications before diving in. If you’re currently weighing your mortgage options and are considering… Continue reading Thinking About a Second Mortgage on Your House? Here’s What You Need to Know
From ‘down payment’ to ‘adjustable rate’ to ‘debt-to-income’ ratio, there are so many terms involved in the mortgage process that it can be hard to learn them all and keep them straight. However, whether you’ve heard it, the term ‘amortization period’ might be one of the most important ones associated with your financial well-being. If… Continue reading The 10-year Mortgage: Why a Shorter Amortization Period Can Be Your Best Option
Investing in a home may be one of the most significant purchases you’ll make in your lifetime, but many people forget that there are several other costs associated with buying a home. If you’re considering a reverse mortgage and want to be clear on all fees involved, here are a few things you can… Continue reading What Fees Are Involved With a Reverse Mortgage? Let’s Take a Look
It’s easy to get Private Mortgage Insurance (PMI) confused with homeowners’ insurance, but PMI is an entirely different thing that may or may not be necessary when it comes to your home purchase. If you’re going to be investing in a home soon and are wondering what PMI may mean for you, here are… Continue reading You Ask, We Answer: What Are the Pros and Cons of Private Mortgage Insurance?
It may feel like a very daunting task to consider buying a home after you’ve declared bankruptcy, and there’s no doubt that it’s an uphill battle. Fortunately, while you’ll have hard work ahead, there are things you can do to make your dream of home ownership a possibility. Whether you’ve just declared bankruptcy or… Continue reading Can I Qualify for a Mortgage After Declaring Bankruptcy? Yes — and Here’s How
As a potential homebuyer who is new to the market, many of the terms and mortgage products available to you can be more than a little confusing. Piggyback loans might be a little less familiar than many other options, but if you’re ready to jump into the housing market this type of mortgage can be… Continue reading Understanding What a “Piggyback” Mortgage Loan Is and How It Works