mortgage tips

Mortgage Tips: Do You Lose Home Equity During Refinancing?

The real estate business can go from simple to complex for one homeowner in just a matter of years. It all starts with a decision to buy a home, then it goes to the mortgage process, and it ultimately lands either in owning the home, or in refinancing. If you are one of the people who ended up deciding to go for a refinancing, this post is for you, especially when you are wondering what happens to your home equity during the refinancing. As you may have realized, one of the major questions some homeowners end up asking is, "When you start to refinance the mortgage, can the equity be saved, or do you lose it during the process?".

Denied For A Home Mortgage? Give Loan A Second Chance! Here's Why

Want a new home? Just get a mortgage! Easy, right? Well, not for everyone. Mortgage applications aren't always approved and there are people who learned it the hard way/ If you are one of these people who got rejected for a mortgage, you may want to keep trying, but not without resolving the reasons why you got declined during your first attempt. Here are a few factors that can help you finally succeed in getting a mortgage approval:

Mortgage Application Tips: How To Compare Different Lenders

Home purchase is one of the most major financial transaction one person can ever make, especially when it involves mortgage financing. This is why shopping around for the best lender is one step that people should take enough time doing. Below are some of the tips that you can keep in mind if you are off to shop for a good mortgage provider.

Home Buying Tips: How To Get A Low Monthly Mortgage Fee

If you're on the way to buying a new home, you're probably wondering what you can do to pay as little as possible on your mortgage each month. Mortgage payments typically take up a large portion of a family's monthly bill. It could help a lot if your mortgage bill is not as high as what most homeowners pay for. Here are some tips so you bring your mortgage payment to a minimum:

Home Buying Tips: Buying In 2016? Here Are The Top 5 Mortgage Tips For You

Looking to buy a home this year? There are some things you should keep in mind to make sure that you get the best out of your mortgage opportunities this year.

Mortgage Tips: Understanding Fixed Rate Mortgages And Adjustable Rate Mortgages

Comparing loans? Here are two terms you have probably been comparing - 'Fixed Rate Mortgages' and 'Adjustable Rate Mortgages'. Here's a quick and simple comparison between the two loan types:

Home Mortgage Tips: Understanding FHA Loans, What It Means, And What Are Its Advantages And Disadvantages

First time home buyer? You might have heard about FHA loans. An FHA loan is what you need if you do not have enough cash to drop a 20% down payment on a home mortgage. FHA, or Federal Housing Administration, was created in 1934 by the US Congress to help people be eligible for a home loan even if they have low income.

Home Loan Tips: The Lies That Can Ruin Your Chances Of Getting A Mortgage

People's desire to achieve an approved home loan sometimes lead them to dropping some white lies to help them get through the process. It's understandable, but it's wrong, and totally not recommended. If you want the best results, you better tell nothing but the truth about your financial background. Besides, there is always a solution for everyone regardless of your actual financial stability. Sometimes you just gotta get informed, and usually, the worst that can happen is you have to wait a few more time to finally get the loan that you ought to have.

Mortgage Application Tips: Checklist Of Documents And Information You May Be Asked To Present

When applying for a home loan, there will be a variety of documents and information that you should keep on hand. Here's a quick summary of all the possible information you need to share to your loan company as you apply for your home loan:

Home Buying Tips: How To Get A Mortgage As A Self Employed Individual

Self employed people have different issues to face when trying to get a mortgage. If you are a freelancer or an entrepreneur, you know that your income can fluctuate regularly and this can be an issue if you want to get a mortgage approval. But of course, there are still things that you can do to improve your chances at getting a mortgage. Here are some tips:

Top 3 Worst States to Live In for Taxes

In this debilitating and volatile economy, people are in the knack to find ways to live smartly. One can opt to avoid the states that could eat up their money’s worth. Know the top 3 least friendly states if you choose to move in.

Mortgage News: What Do Mortgage Payers Miss Out when they Pay Early?

Mortgage is conceived as a responsibility and mortgage payers try to beat out their debt by paying it out early. Although paying out one’s debt early will keep one at ease in the future, there are some benefits that mortgage payers are missing out when they pay their fees earlier than on divided schemes.

5 Steps To Pay Off Your Mortgage Sooner

More than ever, now is the best time for Aussies to start coming up with ways to achieving mortgage-free days, Yahoo Finance reports.

Mortgage Pre Approval: What It Is And How To Avoid Being Declined

Mortgage application is a pretty long process with a variety of similar sounding jargons for you to encounter. If you are a first time home buyer. you might easily get confused or worse, stressed. But here's one lesson for you to learn today so you can lessen your confusion about the mortgage process. In this article we will discuss the "Pre-Approval Process".

Real Estate Tips: Top 5 Mortgage Tips For 2016

Although rates are beginning to increase, they are still near record lows so there is no need to go on panic mode just yet. But that doesn't mean you shouldn't be careful when buying a home this 2016. Here are some tips that can help you with your mortgage.

Mortgage Application Tips: Things To Avoid Before Applying For A Mortgage

If you are planning to get a mortgage approval, you gotta make sure that your credit score is at a solid condition and that your financial records are clean and clear. Furthermore, there are certain things that the mortgage lenders wants to see in their clients before they can be convinced to provide a loan. But generally, it's all about proving that you will be a responsible borrower. However, there are some behaviors that can easily scrap your application and can take you a step farther from owning a home.

Mortgage Tips: What Happens When Your Lender Goes Out Of Business?

So here's one question most borrowers ask: When mortgage lenders go out of business, do homeowners still have to make their monthly payment? If you are one of the people who ask this question, this write up is for you.

Closing Costs Are Down: What Else You Can Do To Take Advantage Of This And Save Cash

Mortgage closing costs may have gone down over the recent years, which means good news for new buyers. As great news as this is, there are still ways to maximize the advantages you get from these low fees. Here are some ways for you to be able to pay less closing costs than other buyers would:

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:

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. Mortgages can sometimes be a long term burden, most especially if you're not keen in balancing your finances.

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.