The dream of owning a home is becoming very allusive these days. Although everyone would like to have a home that is paid for free and clear, many people are forced to assume mortgages that will be paid over 25 or 30 years into the future. Everyone is constrained to a certain degree by their ... » Learn More about How to Save Thousands of Dollars on Your Mortgage!
If it is your first time applying for a mortgage, there are a number of terms you should know. Educating yourself on the various mortgage terms you will run into will help you make better decisions when deciding which home you want to purchase. When you sign a mortgage contract, your home is used ... » Learn More about Basic Mortgage Terms
Since home mortgages are one of the biggest purchases of life for most people, even a little bit of decrease of rate can prove to be of immense financial relief. For many, now is the best time for refinancing mortgage in order to retrieve a huge amount of money. Over the past few years, the US ... » Learn More about Refinancing Your Mortgage Can Help You Financially and Mentally
You have made the decision to buy a home and start looking at properties. Before you get rolling, you should start trying to find the best mortgage option for your situation. Most people begin shopping for a mortgage at the last minute and settle for the first offer they get. This is an ... » Learn More about When To Start Seeking A Mortgage For A New Purchase
What is a Home Repair Grant? Home repair grants are a way for people to pay for home repairs that may otherwise remain unfixed. Home repair grants can bring electric wiring up to code, repair or replace septic systems, and add energy saving features such as insulation and storm windows. Home ... » Learn More about What is a Home Repair Grant?
Most people focus on the current mortgage interest rates when shopping for a home loan. Interest rates are certainly important, but they do not represent the only significant expense associated with financing a home. When you are making plans to purchase a new home, it is important to consider the ... » Learn More about What Mortgage Fees to Expect
A fifteen year mortgage is a great bet, if you’re inclined to gamble on a couple of things. The first, obviously, is that you’re betting on your ability to pay the higher mortgage rate over the long haul. If you have your own business, you have control over your employment situation. Then the ... » Learn More about Is a 15 Year Mortgage a Good Bet?
A mortgage is a financial agreement between a lender and an individual that is hoping to purchase a home. The lender will pay for the home and the home buyer will need to pay the lender back, over the course of several years including interest. Not everyone does qualify to have a home loan like this ... » Learn More about Do You Qualify For A Mortgage?
Many people have jumped on adjustable rate mortgages to take advantage of the historically low interest rates we have seen over the last few years. Rates are now rising, which means you need to understand caps. An adjustable rate mortgage is just what it sounds like. The interest rate can be ... » Learn More about Adjustable Rate Mortgages – Interest Rate Caps