How to Qualify for a Mortgage
from our BLOG
Before you begin your search for a new home, you should get approved for a home loan.
Potential buyers that can prove that they are “mortgage ready” are in a better position to negotiate than those that are not.
Still, to qualify for a mortgage requires some work on your part and if you do not take this step ahead of time, you will endure a very time consuming and stressful process.
at our Money Management BLOG
Mortgage Lending Tip
for the weeks of: May 15MINIMUM PAYMENT PLANS
Minimum payment loans were popular during the housing boom. It allowed applicants to buy homes in expensive markets with minimum repayment plans.
The problem is that these plans have a trigger, which reverts to the standard repayment plan after a period.
Homeowners found that their new mortgage payment jumps 3-4 times.
So read the fine print before you sign up for a minimum payment plan.
Weekly Tip:
Customized Loan Terms for Your Mortgage
from our BLOG
Some home loan shoppers are under the impression that they’ll be offered a 30-year mortgage or perhaps a 15-year mortgage if they are able to swing the larger monthly payments. While these two types of loan terms are the best known, they are by no means the only options for consumers.
at our Money Management BLOG
First Mortgage? Get Started Right With These Tips
from our BLOG
Purchasing a home is the biggest investment that most people will ever make. In order to buy a home, the vast majority of buyers will need to take out a mortgage. Since the mortgage application process can be grueling and challenging, there are several tips that should be followed to ensure that the process of getting your first mortgage goes as smoothly as possible.
at our Money Management BLOG
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