Posts Tagged ‘Mortgages’

Are you tried of renting your home and want to take the first steps towards purchasing? Although purchasing your first home can be an exciting milestone, there’s also a lot to consider. It may not be as fun as house hunting and thinking about design choices, but it’s also important to consider the financial aspects […]

If you’re thinking about buying a home, you have other options aside from buying a traditional home sale, such as a foreclosure. Another type of home listing that you might come across during your search is a pre-foreclosure, which is usually referred to as a short sale. When homeowners fall behind on mortgage payments, many […]

While the majority of borrowers financing a home purchase will choose a traditional fixed-rate mortgage loan, adjustable rate mortgages (also known as ARMs) are also a popular choice. What is an ARM and how can you decide if it’s worth considering?   With a fixed-rate mortgage loan, you have just that: a fixed interest rate […]

     While the majority of borrowers financing a home purchase will choose a traditional fixed-rate mortgage loan, adjustable rate mortgage loans (also known as ARMs) are also a popular choice. What is an ARM and how can you decide if it’s worth considering? With a fixed-rate mortgage loan, you have just that: a fixed interest […]

Debt can usually be classified as either unsecured or secured. Whether you’re just establishing your credit for the first time, or you’re working on a plan to eliminate current debts, it’s helpful to understand the difference between the two: Secured debts Secured debts are loans that are secured by assets, which is also known as […]

The following tips can be helpful to anybody purchasing a home, but are especially beneficial for those who are doing so for the first time: Work with a real estate agent As a first-time homebuyer who is unfamiliar with the process, purchasing a home can be especially overwhelming. A real estate agent can help you […]

     Buying your first home is a huge decision, but it’s certainly an exciting time. In the midst of the excitement, however, it’s important to also focus on the practical things when it comes to your first home and not overlook anything important. The following tips can be helpful to anybody purchasing a home, […]

Monthly home loan payments are made up of a few different costs, and for many people, private mortgage insurance (PMI) is one of these costs. Lenders include PMI as part of the monthly payments as a way to protect themselves, in case the borrower ever falls behind on payments. PMI is usually required for all […]

This article briefly explains the differences between the three main options, in addition to some pros and cons, which can help you during the decision making process. Mortgage brokers Just like any other type of broker, a mortgage broker will do a lot of the legwork for you and help match you up with the […]

  Closing costs are an unavoidable expense when it comes to buying a home, especially if you will be financing your home. With proper planning, you can potentially save hundreds—or even thousands—of dollars throughout the closing process. Some ways you can help keep your closing costs at a minimum include: Getting a Good Faith Estimate […]