3 Ways to Boost Your Credit Score Before Applying for a Mortgage
It’s no secret that the best mortgage rates and most favorable mortgage terms generally go to the prospective buyers with the highest credit scores – regardless of down payment amount. That means that if you’ve spent all your time building your down payment but not...
Top 5 Tips for First-Time Homebuyers
Buying your first home should be an exciting time – but it can also be a stressful time, especially if you are not prepared to purchase a home when you find one that you love and want to put an offer in on. In order to try to make the home buying process as smooth and stress-free as...
What You Need to Know About 5-1 ARMs
Adjustable rate mortgages can be risky! But, sometimes choosing an adjustable rate mortgage over a fixed mortgage can prove to be a solid economic choice. Still can’t decide? Here are the pros and cons of adjustable rate mortgages:Pros• Save a lot of money during the...
2015 Q3 and Beyond
We're currently in Q3, and there is a lot in store for the mortgage market in the next few months. In early 2015, we saw rates on conforming loans stay at right below 4%. Rates started rising in May and June. After the 4th of July, we saw a slight dip in rates once again. Undoubtedly, the rates have...
The 3 Important Mortgage Documents You Will Sign
When you apply for a mortgage, you will sign a lot of documents, but there are some that are more important than others. Here are the 3 most important mortgage documents you will sign:
The HUD Settlement Statement.
The HUD Settlement Statement is the document that shows...
5 Tips For Refinancing Your Mortgage
Rates are considerably low right now, so if you are paying more than you would like for your mortgage, you may want to consider refinancing. Refinancing is great because it allows you to lower your monthly mortgage rates, which can sometimes translate into hundreds of dollars of savings...
5 Tips for Finding the Best Deal on Your Mortgage
If you're thinking about getting a mortgage in the near future, you may be surprised to know that your rates could drastically vary depending on certain steps you take or don't take. In general, you always want to pay as little as possible so you can spend the extra money on other things. Here...
5 Benefits of a Reverse Mortgage
If you're approaching retirement or have already passed retirement, you may have considered taking out a reverse mortgage. A reverse mortgage means that you take money out of your home's built-up equity to access a cash flow. Here are the top five benefits of a reverse mortgage:
Should I Borrow From My 401K to Buy a Home?
If you want to buy a home but are short on the funds, you might be trying to think of ways to come up with that money. One option many people consider is whether or not they should borrow from their 401K plans to finance a home purchase. Here's what you need to take into consideration before you...
How To Get The Highest Appraisal For My House
When you are trying to sell your home, the appraisal is the figure that will determine how much you can easily sell your home for, and ultimately, how much money you can make. If you're like most homeowners, you want this number to be as high as possible. Here's how to get the highest appraisal...