The arena of mortgage refinancing is increasing every day. People understand the economics of mortgage refinancing. They are making small home improvements and upgrading homes by utilizing the current low interest rates, which is resulting in greater savings and lower monthly payments. The refinancing of home mortgages has many benefits, such as lower interest rates and improved saving levels, shorter mortgage Read More
Looking to get 100% finance for your home loan. Are you left with no cash while looking for a home mortgage loan? You should first try to find out the options available in such home loan mortgage with Zero Down Mortgage.
The basic thing to qualify for a Zero Down Mortgage is that one should have a credit score of 600 or higher which is really something that helps you to get a good Read More
“How much mortgage can I afford” is a relevant question that comes into the mind of thousands of homebuyers all over the world. For answering this question, the home affordability calculators offered by multiple lenders are playing an important role.
When you are going to buy a new home, it is very much crucial for you to know how much mortgage you can afford. Your repayment Read More
How’s it possible that a home loan with a lower rate of interest could cost you more than an alternative loan at a higher rate?
Here’s how. Check out this example
Julie and Rob take out a home loan of $200,000 over 30 years.
The bank quotes them an interest rate of 6.3% if they take out a professional package with a low annual fee of just $395.
Julie and Rob have another Read More
The decision to buy a home is a major life event. It is a commitment that can create lifetime memories and build financial equity in one of the biggest investments one can make.
There are many things to consider when buying a home but serious consideration should be given to the lender used for financing the home.
It is not enough to assume a big name lender will Read More
So you want to buy a home? Unsure whether you will qualify?
I am here to tell you that applying and qualifying for a home loan is not as difficult as climbing Mount Everest or running a marathon, but there are some basic things that all lenders look for in your application. You can be lacking in one or two of these areas, but you must be strong in most of them in order to obtain Read More
Well the summer is almost over and as we head into another fun filled school year in my home, FHA has some new rules for me to follow at the office. The job to qualify people for a home loan has never been tougher. As many recent mortgage borrowers can attest, the application process can be daunting, haunting, and overall intrusive to no end. Many borrowers feel the headache is not worth the reward.
Now we have Read More