Sunday, 28 April 2024

Tag: mortgage

'First-time Mortgage Borrowers: What Rookie Mistakes To Avoid

First time mortgage borrowers actually go through a great deal of stress in researching and comparing options. However, learning more about each loan term you encounter is an important part of your mortgage application, so it is still important to put in much effort regardless how tiring it may become. But to make sure you are saved from making the common mistakes first time mortgage applicants make, here is a quick list of what the rookie mistakes are:

'Home Buying Process: What Happens At The Closing Meeting?

Home buying through a mortgage is only stressful at the start. At the end of the process, at the closing meeting, everything will fall into place and you can now prepare for home transfer. But before the happy ending, do you have an idea on what happens at the closing meeting? Here are some of the key parts of that meeting and what happens before your mortgage closes:

'Fed Interest Rates Increasing; Buyers Rushing In To Apply Before It Happens

The first increase in interest rates in nine years is happening next week.

EDITOR'S PICKS

'Despite Mortgage Rates at an All-Time Low, Buyers are Still Scarce

Rates of mortgages are nearing bottom but people are still not compelled to buy properties.

By Staff Reporter
'Survey Says Market is Slowing Down, First-Time Homebuyers' Biggest Obstacle is Student Loan

The housing market is slowing and student loan is to blame.

By Staff Reporter
'A 3.2% Decrease in Loan Application Seen, Interest Rates May Go Higher; Buyers Rush in While Rates Are Still Low

Higher interest rates are preventing entry-level buyers from purchasing homes, on top of tight home supply.

By Staff Reporter
'How To Easily Pay Off Your Mortgage

Listed below are a couple of tips on how to payoff one's mortgage as early as possible.

By Staff Reporter
'Should Retired Citizens Pay Off Their Mortgage Debts?

Is it significant to pay off mortgages up until retirement?

By Staff Reporter
'Mortgages for Condos Could Be A Lot Easier with New Rules

First time homebuyers are often attracted to investing in condominiums being that it is considered as the most affordable option. However, federal rules have not made it easy for them to get mortgages. But that could change with the newly presented rules by the Federal Housing Administration last week, Miami Herald reports.

By Staff Reporter
'Home Buying Tips: How Do I Know If I Am Ready To Buy A Home?

Home buying is a very big decision, not only does it impact your current finances, it also impacts your future budget especially if a mortgage is involved.

By Staff Reporter
'Mortgage Tips: How To Lower Your Monthly Mortgage When Finances Become Scarce

The monthly mortgage may be the single largest payment most families spend for. This payment shall be part of your monthly expenses for a very long time, until you have paid your loan in full. Looking at it like that, it is very apparent that the monthly mortgage may suck up a big amount of your income, which can result to an unmanageable financial situation.

By Staff Reporter
'Mortgage Tips: What To Do If You Miss A Payment

Everyone goes through financial struggles and this can cause people to fall behind on their mortgage payments. If you are one of the people going though this dilemma, it's important for you to know that this can create a serious problem. One single missed payment may already be difficult to cope with, and once you lose control over your bills, your credit score will suffer. This is why if you are ever put in a situation like this, it is important to handle it right away.

By Staff Reporter
'Mortgage Tips: What Is An Interest-Only Mortgage, And How Does It Work?

If you're about to get a home mortgage, you may have already stumbled upon the term "interest only mortgage". If you are wondering what this mortgage type is and how it works, here is a quick explanation:

By Staff Reporter
'Mortgage Approval Tips: 3 Tips To Improve Credit Before Reapplying For A Mortgage

If you are one of the people having trouble getting a mortgage approval, don't feel too bad. This is an extremely normal scenario. Many people face mortgage problems brought about by credit stains that they have acquired in the past. So here are three short tips for you to be able to regain that credit credibility and get your mortgage approved.

By Staff Reporter
'Real Estate News: Standish Mellon Asset Management Company LLC Mortgage Team Joins Amherst Capital Management LLC

The mortgage team of Standish Mellon Asset Management Company LLC, will now be joining its subsidiary, Amherst Capital Management LLC, to combine the deep real estate expertise and industry-leading technology of Amherst with the investment processes for mortgage-related assets of Standish.

By Staff Reporter