Tag: Mortgage

Posted on 07/24/2022

Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...

Economy

Home Prices

+ 7 more

Posted on 01/16/2022

3 Common Homebuyer Fears & How to Handle Them

Buying a house can be a source of tremendous stress for many. It’s extremely common to feel overwhelmed and nervous about specific aspects of the process. Luckily, there are some answers to the scariest questions to help ease your mind. Here are some of the biggest homebuying fears and what to do about them: “What if I don’t...

Buyers Remorse

Down Payment

+ 10 more

Posted on 04/11/2021

Quick Tips for Paying off Your Mortgage

Photo by ESB Professional via Shutterstock If the thought of getting a mortgage and being in that much debt is stopping you from buying a home, plan to pay it off. Here’s how you can do it in just five to 10 years. Live well below your means. If you can keep your mortgage payment to below twenty...

Mortgage

+ 1 more

Posted on 05/31/2020

Thing You Need to Know About Applying for a Jumbo Mortage

Photo by Peggy und Marco Lachmann-Anke via Pixabay A jumbo mortgage refers to a high-priced loan, usually meant for a luxury property. And while this loan may have once been reserved for the millionaire investors of the world, it may not be as exclusive as you think. If you're interested in what it takes to apply, it helps...

Mortgage

Jumbo Loan

+ 1 more

Posted on 10/20/2019

Mortgage Options: Which One is Right for You?

When it comes to financing your home, you have a several mortgage options available. Each type of mortgage offers different advantages, so be sure to do research before applying. Below are some of the most popular types of mortgages borrowers may consider. Conventional Loans A conventional loan is a mortgage not insured by the federal government. In most...

Mortgage

FHA Loans

+ 8 more

Posted on 09/29/2019

Key Mortgage Factors to Know

Are you planning to buy a home? There is a chance that you will need a mortgage to finance the purchase. You can get mortgages from credit unions, banks, or other financial institutions. The fact is that you must meet some basic qualifying criteria before you qualify for a mortgage. Depending on the lender, there are different requirements...

Personal Finance

Homebuyers

+ 1 more

Posted on 08/11/2019

Securing a Home Mortgage

A mortgage loan is crucial to owning a home unless you can afford to pay cash. Mortgages are significant; they're used by individuals and businesses to make large real estate purchases without paying the entire purchase price up front. Over the years, the borrower repays the loan, plus interest, until he or she owns the property free and...

Mortgage

Loans

+ 1 more

Posted on 07/28/2019

8 Essential Real Estate Terms You Should Know

Home buying and selling can be a complicated process, especially for first-timers. The vocabulary involved will only compound your confusion if you jump right into it without knowing what they mean. Real estate, like other fields, has some terms that are peculiar to it. Before you set out to list your home for sale or seek to buy...

Mortgage

Real Estate

+ 1 more

Posted on 11/19/2018

Mortgage Terminology: Prequalified vs Preapproved

If you’re a first-time homebuyer, odds are you’ve thrown the words “prequalified” and “preapproved” interchangeably. However, when it comes to home loans, there are some very important differences between the two. For buyers hoping to purchase a home with a few missteps and misunderstandings as possible, it’s vital to understand the procedures involved in acquiring financing for a home....

Mortgage Application

Mortgage

+ 3 more

Posted on 09/21/2018

How to Boost Your Credit Score to Get a Better Mortgage Rate

Everyone knows that their credit score will affect the mortgage they qualify for and the interest rate they receive. The details of how exactly those numbers are arrived at, however, are a bit hazy for the average prospective homeowner. This confusion is due to a number of reasons. Chief among them is the fact that your average person isn’t...

Credit Score

Mortgage Rates

+ 1 more