3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

Completing a loan application is among the first steps mortgage applicants take when applying for a loan, and it is easy to overlook the importance of providing accurate information at this stage in the process. It is best to take time complete the loan application as accurately as possible as it is a legal requirement and because of the other negative consequences.

By |2021-07-07T05:45:00-04:00July 7th, 2021|Home Mortgage Tips|Comments Off on 3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

Understanding The Difference Between A Co-Borrower And A Co-Signer: What Do They Mean?

There is a lot of jargon that comes with purchasing a home. Even though this could be confusing, purchasing a home is also a significant decision. Therefore, it is critical for everyone to understand exactly what they are signing before they scribbled their name on the dotted line. In some cases, a co-borrower or a co-signer (also called a non-occupying co-borrower) could be needed to strengthen the application. What is the difference between these two terms?

By |2021-03-24T05:00:00-04:00March 24th, 2021|Home Mortgage Tips|Comments Off on Understanding The Difference Between A Co-Borrower And A Co-Signer: What Do They Mean?

3 Easy Ways to Put Aside a Bit of Extra Cash So You Can Pay off Your Mortgage Faster

If your personal budget is similar to many other people's budgets, your home mortgage payment is by far the largest expense that you pay for each month. In fact, this payment may easily account for 20 or 25 percent or more of your take-home income. Understandably, you may be focused on trying to pay this expense off early.

By |2021-03-04T05:00:00-05:00March 4th, 2021|Home Mortgage Tips|Comments Off on 3 Easy Ways to Put Aside a Bit of Extra Cash So You Can Pay off Your Mortgage Faster

You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?

For many homeowners, their mortgage payment contains more than just principal and interest. A little something called PMI could be representing a significant portion of that payment, and it's important for home buyers to understand this cost.

By |2018-10-24T12:40:09-04:00October 24th, 2018|Home Mortgage Tips|Comments Off on You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?

What Is Mortgage Insurance and How Does It Benefit Me? Let’s Take a Look

Are you in the market for a new home? If you are considering a mortgage, you may be curious about mortgage insurance, commonly referred to as PMI or MI. Let's explore the topic of mortgage insurance, including how it works to reduce risk and how it benefits you as the mortgage borrower.

By |2018-05-23T12:40:06-04:00May 23rd, 2018|Home Mortgage Tips|Comments Off on What Is Mortgage Insurance and How Does It Benefit Me? Let’s Take a Look

Current Servicemember or Veteran? 4 Reasons Why a VA Home Loan Is an Excellent Choice

Are you current or former member of the US military service who is looking to buy a new home? If so, you will be pleased to know that there are some special mortgage programs that are open to you. Let's take a look at five reasons why a mortgage backed by the Department of Veterans Affairs is an excellent choice when buying your new home.

By |2018-03-01T13:40:08-05:00March 1st, 2018|Home Mortgage Tips|Comments Off on Current Servicemember or Veteran? 4 Reasons Why a VA Home Loan Is an Excellent Choice

The 4-Step Financial Checkup to Get Ready for a Mortgage This Year

Are you ready to join the ranks of homeowners in our local community? Congratulations - homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the foreseeable future. Let's take a look at a quick four-step checklist that will help you to get ready to buy a home with a mortgage in 2018.

By |2018-02-21T13:40:08-05:00February 21st, 2018|Home Mortgage Tips|Comments Off on The 4-Step Financial Checkup to Get Ready for a Mortgage This Year

Renovating in 2018? Cash-out Mortgage Refinancing Might Be the Best Way to Fund It

If you are a homeowner thinking about a significant home renovation in 2018, you have probably already considered your budget. As with any large project, you need to have the ability to pay the expected costs plus have a little bit extra set aside, just in case.

By |2018-02-02T13:40:07-05:00February 2nd, 2018|Home Mortgage Tips|Comments Off on Renovating in 2018? Cash-out Mortgage Refinancing Might Be the Best Way to Fund It

3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

Whether you have recently graduated from college or are getting close to retirement, it's likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying real estate as part of your portfolio?

By |2018-02-01T13:40:07-05:00February 1st, 2018|Home Mortgage Tips|Comments Off on 3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

Have you finally found your dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse.

By |2018-01-31T13:40:09-05:00January 31st, 2018|Home Mortgage Tips|Comments Off on In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a Look

Are you thinking about buying a new house or apartment? If you are going to take out mortgage financing, one consideration you will have is your down payment, which is the amount you pay up front in cash to cover some of the purchase cost. Let's consider a few points that will help you to decide how much is the right amount for your down payment.

By |2018-01-19T13:40:06-05:00January 19th, 2018|Home Mortgage Tips|Comments Off on How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a Look