Home Mortgage
Considering Getting a Loan? Learn About Home Equity Loans
Home equity loans are quite simple to understand. It’s a loan that is secured by the equity that exists in your house or condominium. If you’ve ever heard the term “second mortgage,” you’re familiar with home equity loans. Home equity loans can be a great way to tap into your equity and put that value…
Read MoreAvoid These Mortgage Mistakes in Your Quest to Save Money
Although your mortgage can provide you with many avenues to save money, it’s wise to be aware of common mortgage mistakes. When you’re considering doing anything to alter how you establish and pay your mortgage, avoid the following hazards: Adjustable Rate Mortgages, known as “ARMs.” Although an ARM might save you a lot of money…
Read More7 Credit Score Destroyers
Your credit score not only determines whether or not you can get a credit card, mortgage, or auto loan, it’s also a critical factor in determining the interest rate you have attached to those items. A low credit score can cost a lot of money over your lifetime. Not everyone is aware of the many…
Read MoreThe Hard Facts About Fixed and Variable Rate Mortgages
In the realm of mortgages, a fixed rate mortgage is considered to be the perfect little princess. And, a variable rate mortgage is often thought of as the wicked stepsister. While variable mortgages can be detrimental to some, they can provide the most benefit for many others. The same logic applies to fixed rate mortgages. …
Read More9 Steps to Take Before Buying Your First Home
Are you planning the purchase of your first home? Buying a house is a major decision because the house will soon become one of your main financial assets. Plus, you’ll be making mortgage payments for at least ten years. Take these steps before you buy: Ask yourself if you’re financially stable. Have you had your…
Read MoreAre REITs the Right Investment for You?
Many people dream of investing in large apartment buildings, shopping malls, and commercial office space – yet few have the necessary funds and expertise for such investments. Real Estate Investment Trusts (REITs) are one way the average person can invest in large and expensive real estate properties. An REIT invests in properties that produce income;…
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 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…
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