Archive for January 2021
Top 10 Tips for Choosing a Mortgage Broker
If you’re ready to start shopping for a home or wish to re-finance your current home loan, you’re probably wondering how you’ll find a mortgage broker who’s trustworthy, knowledgeable, and easy to work with. Take a peek at these tips to select a mortgage broker that will best help you in your quest for obtaining…
Read MorePractical Tips for the First-Time Home Buyer
The decision to go from renter to homeowner is a big one. When you own your own home there are a lot of responsibilities, but there are also a lot of benefits. Buying a home for the first time can be intimidating. The reason it’s daunting is because, for most individuals, it’s the single largest…
Read More6 Situations Where Paying Off Your Mortgage Isn’t Always the Best Strategy
You might be considering the idea of putting extra money toward your mortgage payment to eliminate your mortgage debt more quickly. However, paying off your mortgage early isn’t always a good idea. Each situation is unique, and no solution is the right choice for everyone. Eliminating debt is a great idea, but it’s not always…
Read MoreHow to Buy the House of Your Dreams Even with a Low Credit Score
It’s reassuring to know that the large sum of money you’re putting towards your home each month is going towards an investment. And, if you’re a renter, your money is certainly going towards an investment – your landlord’s investment, that is! If you’re tired of paying someone else’s mortgage, it’s time to look into purchasing…
Read MoreTax Tips for Homeowners
You may already know that you can deduct the mortgage interest you pay on your home, but what other tax advantages are lurking in that house? One of the biggest challenges of owning a home is dealing with the tax laws, especially those around points and cost basis. Just a little bit of knowledge can…
Read MoreChoosing the Right Mortgage Provider for You
Financing a home is a decision that will most likely affect your budget over the next thirty years. Many homeowners focus on finding the right property or comparing different types of loans, but pay very little attention to which lender they borrow from. Choosing the right mortgage provider can help you save money and avoid…
Read MoreIntroduction to Budgeting for First Time Mortgagees
Congratulations on buying your first home! This is surely a great achievement for you and the rewards can be very exciting. As a homeowner, you have equity that’s solid. There’s so much you can accomplish now that you have this asset under your belt. What you’ll now realize, however, is that your bank account has…
Read MoreWhat it Takes to Get a Home Loan
In spite of what you might think, banks are desperate to make loans right now. But that doesn’t mean that lending standards aren’t tight; it’s still going to take a lot of paperwork to make the lenders happy. Rates are the lowest they’ve been since the 1950s, so while it might be a bit of…
Read MoreWhen Should You Refinance Your Mortgage?
Interest rates on home loans are extremely low, but does that mean you should refinance? At what point should you do it? It’s not always obvious because getting a new loan isn’t free. There are costs that must be absorbed by the homeowner. You need to consider the change in interest rates, the length of…
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