Tag: Mortgage

Posted on 07/31/2022

Home Refinance: What You Need to Know About Refinancing Your Home

Many homeowners have experienced a moment when they have wished for a lower mortgage payment. With a mortgage refinance, you could effectively lower your monthly payments. Not sure where to begin with refinancing or whether it's right for you? We've got you covered with some tips and considerations. What is Refinancing? When you refinance a mortgage, you're essentially...

Finance

+ 7 more

Posted on 03/21/2021

Prepping Your Credit To Gain a Preapproval

Photo by Pixabay via Pexels Thinking of buying a home in the near future? You're going to need a preapproval. This tells real estate agents that you're serious about the home-buying process, and it alerts sellers that you're a solid, low-risk candidate. Preapprovals aren't always easy to score, however. And if you're someone who's had a few credit...

Credit

Credit Repair

+ 3 more

Posted on 02/14/2021

Conforming Loan Limit Increase and the Jumbo Market

Image by Arek Socha from Pixabay If you bought a house that was over $484,350 prior to 2020, you had to get a jumbo loan, which is a non-conforming loan. The Federal Housing Finance Agency (FHFA) increased the limit on conforming loans to $510,400 in most areas. The FHFA also increased the loan limit to $765,600 in some...

Jumbo Loan

Mortgage

+ 1 more

Posted on 01/24/2021

FHA, VA and USDA Loans and How They Differ from Conventional Mortgages

Photo by Alexander Stein via PixabayWhen it comes to a mortgage, most of us think of the same standard product; the 15 or 30 year conventional mortgage offered by banks and lenders. This is not the only mortgage option you have, though. Depending on your personal history and circumstances you may qualify for an attractive mortgage with lower...

Mortgage

Loans

+ 6 more

Posted on 07/19/2020

Understanding Your Mortgage: Prepayment Penalties

Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...

Mortgage

+ 2 more

Posted on 04/12/2020

What to Expect: Mortgage Rates in South Florida

Photo by Jason Boyd from Pexels The low rates in Florida have sparked a lot of activity in the real estate scene in the state. In Southern Florida, experts are encouraged by these rates because they lower the risk of a bubble forming in this popular part of the country. We'll look at what buyers, lenders, and sellers...

Mortgage Rates

Mortgage

+ 1 more

Posted on 12/08/2019

What You Need to Know About Employment Verification and Mortgages

Applying for a mortgage is a big step towards homeownership and financial independence. If it’s your first time buying a home, you might be curious (and a little intimidated) about all of the things that go into your mortgage application. When reviewing your application, mortgage lenders are trying to determine how risky it is to lend you money. If...

Mortgage

Mortgage Application

+ 1 more

Posted on 09/01/2019

Exploring Your Online Mortgage Lender Options

Have you tried getting a mortgage from your bank and instead been given an endless series of hurdles with no approval in sight? Then perhaps it’s time you moved your search for home finance online. Here you will find a host of companies willing to fund your home ownership dreams, even if you have a bad credit score....

Mortgage

Mortgage Lender

+ 1 more

Posted on 08/18/2019

Let's Dispel Some Old Mortgage Myths

Myths are lies that are perceived to be true. Like every other industry in the world that has myths surrounding them, the real estate industry has its tales. People have ideas in their head about the mortgage industry that are not true. If you are buying a house and all you feel is happiness, then you might be...

Mortgage

Personal Finance

+ 1 more

Posted on 08/11/2019

Can I Sell My Property Even If It Is On Mortgage?

A common problem among homeowners is the reality that life is unpredictable. There are so many things and so many issues that may come along the way. Owning a house can be both an asset and a liability if it does not get done right. Can I Sell My Property Even If It Is On Mortgage? Yes, you...

Homebuyers

Mortgage

+ 1 more