Archive for Mortgage & Loans

What Happens When You Make No Mortgage Payments?

Paying your monthly mortgage payment on time can sometimes be quite hard, especially with hard economic times. When buying a home, you should be aware of the consequences that arise when you stop making payments on your mortgage. If you happen to make a late payment, it isn’t so bad. The goal is to not miss a payment. If you

Read More

Tips for First Time Mortgage Buyers

Are you in the process of buying a home or looking for a mortgage option? Buying a home for the first time can be fulfilling, but you need to know what you are doing. It is important to consider the many options instead of jumping into something. In terms of mortgages, there are tons of lenders, options and interest rates

Read More

The Various Types of Mortgages

There are a number of different types of mortgages that you can choose from when buying a property. The type of mortgage that fits you will depend on the situation you are in. Your financial stability as well as your ability to pay off your mortgage will be considered. When you do approach a lender, it is important to have

Read More

The Basics of Getting a Mortgage

A home is quite costly and not everyone can purchase one outright for the full amount. If you have a ton of money saved up, you probably could afford to spend it all on a home. For the most part, people choose to take a loan to pay for their home. In this case, with a home, the loan is

Read More

Should You Refinance Your Mortgage?

With lower mortgage rates, people often wonder whether they would be better off refinancing their mortgage. Mortgage refinancing is becoming more and more common in our society, as many people have trouble paying for their current mortgage payments. Refinancing your mortgage does come with several disadvantages and advantages. You simply cannot choose to refinance your mortgage because you think it

Read More

Shopping for a New Mortgage

Buying a home is a very large step in a person’s life, as this will most likely be one of the largest investments they will make. Selecting the right company and right type of mortgage plan is important as this will make quite difference in your life. Many home buyers spend only a few hours looking for a lender and

Read More

How to Pay Off Your Mortgage Quickly

At the time of getting a loan, you will sign up to pay it off in thirty years or more. This is surely a long time, and it can bring up interest costs to a whole new level. By choosing to pay off your mortgage, you will be paying much less in terms of interest costs. A mortgage is only

Read More

How Does A Reverse Mortgage Work?

A reverse mortgage is something many older people considering choosing. When you get a mortgage for the purchase of a home, you will be required to make payments on it. The bulk of the payment will be for the interest while a smaller portion will go towards the principal.  As you reach the mid-portion of the mortgage duration, the bulk

Read More

Do You Need a Mortgage Broker?

When purchasing a home, most people use a real estate broker to help with their purchase. A realtor knows the market extensively well, and they would be the most knowledgeable in buying property. You will most likely need a mortgage when purchasing a home, as the majority of people do. When getting a mortgage, consumers don’t often think about whether

Read More

Buying a Home with Zero Money Down

Purchasing a home is a big step in a person’s life. Not only do you need money ahead of the purchase, but you need to be able to pay for the mortgage. If you have been saving money and find it hard to buy a home with the pace you are moving at, consider getting a mortgage with zero money

Read More