A cash-out mortgage allows you to refinance your mortgage and pull out part of your equity. Before deciding how much to cash to use, be aware of the impact of PMI and equity amounts. However, you may find the benefits of refinancing outweigh the costs. Cash-Out Mortgage Basics With a cash-out ... » Learn More about How to Get Cash Out From a Refinance
Getting older without much hope of attaining a strong financial situation can be stressful. But there are ways to overcome shortcomings in your finances, one being the reverse mortgage. The first question that needs to be answered is "what is a reverse mortgage?" A reverse mortgage is a specific ... » Learn More about What is a Reverse Mortgage?
Homeownership is the key to building wealth for most people because it is an involuntary savings account. As you pay down your mortgage each month, the value of your interest in the home rises. Equity is a beautiful word as every homeowner knows. Once you get used to making your mortgage ... » Learn More about Build Equity By Choosing The Right Mortgage
OK. You’ve made the decision. You’re ready to buy a house. Great! You’ve got that dream home pictured in your head. Now all you have to do is find a Realtor, make your offer and move in. Right? Wrong. Your first step should be to find a trustworthy mortgage professional. But that’s not the ... » Learn More about Before You Buy, Why Get Pre-approved?
If you are planning to get a mortgage, then you should make sure that you avoid a number of common mistakes that will leave you paying too much money or getting into financial difficulties. If you are aware of potential mistakes you can make then you will be better equipped to get the best deal for ... » Learn More about How to Avoid Mortgage Mistakes That Can Cost You Money
A cash-out mortgage allows you to refinance your mortgage and pull out part of your equity. Before deciding how much to cash to use, be aware of the impact of PMI and equity amounts. However, you may find the benefits of refinancing outweigh the costs. Cash-Out Mortgage Basics With a cash-out ... » Learn More about How to Refinance Your Mortgage To Get Cash Out
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve. Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay ... » Learn More about Protecting Your Credit During Divorce
Most people know what a mortgage is, due to the fact that many people have one. But, do you know how the mortgage itself came about? Here is some basic history on the mortgage and where it came from: In the beginning, a mortgage was just a conveyance of land for a fee. The buyer paid the seller a ... » Learn More about A Short History Of The Mortgage
It's not easy to buy a first home, so here's a suggestion that may be surprising: Instead of buying one residence, buy several. What I'm suggesting has nothing to do with late night infomercials or books that promise fast and easy wealth from real estate. Instead, many first-time buyers can benefit ... » Learn More about A Mortgage Secret for First-Time Buyers