Investing

Mortgage Application Tips: Does Your Existing Student Debt Affect Your Chances At A Home Loan?

Two of the biggest and most major expenses one person can have in his lifetime would have to be home mortgage and college loan. In fact, out of all Americans who go to college, about 60% of them use college loans. Also, a large fraction of all these student loaners still pay off their loans even at their 30%. Surprisingly enough, there are also people who are still paying their student debt even at their 50s.

Mortgage Tips: What Is A Mortgage Broker And How Does It Differ With A Loan Officer

Buying a home? You might have heard about mortgage brokers and you might have also heard about loan officers. But here's the thing, these two professional jobs are not the same - confusing, right?

Mortgage Tips: What Is A 15 Year Fixed Rate Mortgage, Advantages And Disadvantages

A 15 year fixed rate mortgage comes with its own set of advantages which is why there are also lots of borrowers who opt for this mortgage term. For starters, a 15 year fixed rate mortgage allows its home buyers to save thousands of dollars in interest, compared to a 30 year fixed rate mortgage. Not only that, homeowners are also able to finish the payment of their loan faster which means that they also build their home equity faster.
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