Home Mortgage Tips

27
Oct
2015

Mortgages 101: How to Calculate How Much You Will Need for Your Down Payment

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If you’re planning to buy a home in the near future, you’re probably already in the process of saving up for a down payment. But if you haven’t seen a mortgage advisor or started looking at properties yet, you probably don’t have a good idea of what a down payment will cost you.

22
Oct
2015

Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool

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If you’ve studied the real estate market recently, you’ve probably heard about the reverse mortgage. This unique tool is a financial arrangement designed for senior citizens who have limited incomes and want to use the equity in their homes to meet their everyday expenses. And although it’s becoming increasingly popular, few homeowners truly understand it.

20
Oct
2015

Can You Give a Relative a Gift of Cash for a Mortgage Down Payment? Yes – Here’s How

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A new house is a major investment. Even if you have a mortgage, the bank and the seller will still expect a sizable down payment. That’s why lots of people regularly gift down payments to friends and relatives – it’s a great way to help young people start out on the path of home ownership.

15
Oct
2015

Buying a Home This Fall? Here’s How Your Choice of Neighborhood Will Impact Your Mortgage

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If you’re planning to buy a home in the next few months, you’ll want to ensure you choose a great neighborhood to live in – not just because it can improve your quality of life, but also because it can help you get a mortgage.

14
Oct
2015

How Much Should You Budget for Closing Costs? Let’s Take a Look

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If you’re in the market for a new home, you’re probably trying to budget for all of the expenses that come with a home purchase. After all, the asking price isn’t necessarily the entire amount that you’ll pay – there are other expenses that will factor in to the final price. One such expense is your closing costs.

07
Oct
2015

The Pros and Cons of Paying Your Mortgage off Biweekly Versus Monthly

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If you have a mortgage, you’re probably looking for the best option to pay it off. So is a biweekly payment or monthly payment the better option for you? Which payment strategy best fits your individual circumstances? Here’s what you need to know.

06
Oct
2015

Worried About Mortgage Rates Going Up? 3 Steps to Prepare Yourself Financially

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Mortgage rates have been at record lows for quite some time, making it easy for new homebuyers to finance their dream homes. But what comes down will eventually go back up, and with the world economy expected to rebound in 2016, we’re about to start seeing more expensive mortgages. So what can you do to prepare yourself before mortgage rates start to rise? Here are three strategies that will keep you ahead of the game.

01
Oct
2015

Understanding the Jumbo Mortgage and Why Refinancing These Mortgages is Different

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So what exactly is a jumbo mortgage? How is it different from a standard mortgage, and what does that mean for your refinancing options? Here’s what you need to know.

29
Sep
2015

FICO Scores 101: How to Shop for a New Mortgage Without Harming Your Credit Score

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It’s difficult to begin shopping around for a new mortgage without the facts on how this can affect your FICO score. Thankfully, not all credit checks are created equal and they do not affect FICO scores in the same way.

24
Sep
2015

Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits

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One of the major benefits to purchasing a home with a mortgage are the tax credits that can be taken advantage of when April 15 comes around. Many homeowners are unaware of what mortgage related expenses can be deducted and, more importantly, which ones can no longer be deducted.

Mortgages 101: How to Calculate How Much You Will Need for Your Down Payment

Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool

Can You Give a Relative a Gift of Cash for a Mortgage Down Payment? Yes – Here’s How

Buying a Home This Fall? Here’s How Your Choice of Neighborhood Will Impact Your Mortgage

How Much Should You Budget for Closing Costs? Let’s Take a Look

The Pros and Cons of Paying Your Mortgage off Biweekly Versus Monthly

Worried About Mortgage Rates Going Up? 3 Steps to Prepare Yourself Financially

Understanding the Jumbo Mortgage and Why Refinancing These Mortgages is Different

FICO Scores 101: How to Shop for a New Mortgage Without Harming Your Credit Score

Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits

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