Mortgage

02
May
2017

Honesty Is the Best Policy: Why You Need to Be Truthful on Your Mortgage Application

  Home Mortgage Tips   0 Comment

There are few things better than finding your dream home and being able to afford it, but simply because you’ve found the perfect place doesn’t mean you should stretch the truth. It might seem tempting to polish your mortgage application a little in the hopes of making a better impression, but here are a few reasons why you should stick to the truth when signing off on your home.

13
Apr
2017

Saving for a Mortgage Down Payment? 4 Tips That Will Help You Get There Faster

  Home Mortgage Tips   0 Comment

For most people, the idea of saving more money each month is enough of a burden without having to think about investing in a home. A down payment, however, will require a lot more saving know-how and a lot more in liquid assets in order to be able to buy. If you’re trying to find ways to save a bit more each month, here are some sure-fire tips for raising the extra funds.

12
Apr
2017

Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score

  Home Mortgage Tips   0 Comment

A poor credit history is a reality for many people, but it can be particularly daunting when it comes to investing in a house. Fortunately, simply because you or yours have experienced bad credit doesn’t mean that you should be penalized in the future. If your spouse has struggled with bad credit in the past but you’re both preparing to move forward and invest in a home, here are some tips for getting it together financially.

06
Apr
2017

Buying a Home With a Mortgage? Here’s What You Can Expect at Your Closing Meeting

  Home Mortgage Tips   0 Comment

If you’ve decided to invest and have finally found your ideal home, it’s probably an exciting time for you and your family. But before the deal is sealed, there will be a closing meeting so that all of the loose ends can be tied up. If you want to be ready for closing and are curious what the final meeting will entail, here are a few things to be prepared for.

05
Apr
2017

Your Debt-To-Income Ratio and How It Affects Your Mortgage

  Home Mortgage Tips   0 Comment

When you’re delving into the market in the hopes of finding your dream home, it’s likely you’ll come across the term debt-to-income ratio. This may not seem important at first, but your DTI is the key to determining the amount of money you can put into your home and just how much you should spend on a monthly basis. If you’re curious about what this means for you, here’s how to calculate it and how it can impact your mortgage.

04
Apr
2017

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

  Home Mortgage Tips   0 Comment

Buying a home is one of the largest investments you will make in your life, and that’s why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here’s why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it.

30
Mar
2017

Trim Your Mortgage Closing Costs by Following This Easy 3 Step Guide

  Home Mortgage Tips   0 Comment

You may be so busy with determining your debt-to-income ratio and deciding what kind of offer to make that closing costs have gotten lost in the mix, but it’s important to remember that finalizing your mortgage will cost you extra. While there’s no way to get around paying money to solidify your mortgage, there are a few steps you can take in order to make it more economical for you.

23
Mar
2017

Is It Still Possible to Get a Mortgage With Zero Down? Yes – and Here’s How

  Home Mortgage Tips   0 Comment

When it comes to investing in a mortgage, the down payment is key in making your investment a reality and proving to lenders that you’re a safe bet. However, while most opportunities for putting zero down on a home have disappeared since the recession, there are still a few ways to buy without putting money down. If you’re currently weighing your options, here’s what you need to know if you don’t have a down payment ready.