Chances are years ago, when you took out your mortgage, you took it out for 30 years. You were just starting out in life, money was tight and your salary was still on the lower side of the pay scale. As the years have gone by, and you've moved up in your career and in life, you may find that you ... » Learn More about Pay It Down Quick – Using Refinancing To Shorten the Length of Your Mortgage
When you apply for a refinance, debt consolidation or purchase mortgage, one of the most important factors in qualifying for the loan is your income. That may not seem like much of a surprise, but you may be surprised at all of the different ways your income can be calculated based on how well you ... » Learn More about Mortgage & Refinance Tips: Determining Your Income
Debt to Income Ratios, often referred to as “DTI’s”, are a key calculation used in the refinance, debt consolidation, and purchase mortgage application process. A debt to income ratio is arrived at by dividing your monthly debt payments by your pre-tax income. Debt to income ratios are finally used ... » Learn More about Mortgage & Refinance Tips: Debt To Income Ratios
Have interest rates dropped since you first bought your house? Are you in a considerably better place financially and credit wise than you were when you first got your mortgage? Are you looking for a way to lower your monthly mortgage or loan payments? If any of the above are true, then it may be ... » Learn More about Is It Time to Refinance Your Mortgage?
So you are thinking of buying your first home? Congratulations! You are taking a big step that will help you realize the dream of many as well as build personal wealth. As a first time home buyer you should know that there are several programs available out there to help you get you into the ... » Learn More about First Time Home Buyer? Mortgage Programs Designed Just For You!
You can now refinance your FHA loan with their streamlined process. With reduced paperwork, your lender can process your mortgage much quicker. There are some unique requirements to refinance your FHA loan, but you continued to be backed by the FHA through this process. Basic Requirements In ... » Learn More about Refinance Your Fha Home Mortgage Loan – Refinancing With The Streamline Process
Because of low interest rates, many homeowners are opting to refinance their homes and cash-out at closing. The refinance process is similar to the procedure of obtaining the original mortgage. Homeowners must be approved by a lender and pay fees associated with acquiring a new loan – closing cost, ... » Learn More about Poor Credit Mortgage Refinance – Getting Approved
Having agreed on a monthly payment schedule with your mortgage lender doesn't necessarily set that amount in stone - that's just the minimum you can pay! By playing with a mortgage calculator, particularly a pre-payment loan calculator, you can see where extra payments can make long-term savings on ... » Learn More about Mortgage Calculator Reveals Big Savings With Small Payments
With a home mortgage being one of the largest purchases you will ever make, even the slightest decrease in the rate that you pay on the loan can save you thousands. For many of you, now may be the perfect time to refinance your mortgage and put thousands of dollars back into your pocket. In the ... » Learn More about Refinance Now To Save Thousands on Your Mortgage