Owning your own home is part of the American dream. But it takes more than just dreaming to buy and maintain a home. Before you take the plunge, here are some things to ask yourself. Does it make sense to buy? Buying instead of renting needs to make sense financially. To help you decide, play […]
The post Homeownership 101: Are You Ready? appeared first on Home Buyers Guide.
Reading over your loan options can feel like studying a foreign language. What is a fixed vs. variable loan? And what on earth is a rate index? Whether you are taking out a home loan or financing your next vehicle, youâre bound to come across some of the same terms. Having a fixed-rate loan is […]
The post Fixed and Variable Rate Loans: Which Is Better? appeared first on The Simple Dollar.
So I received an unmarked piece of mail the other day, and whenever that happens, I know itâs going to contain some kind of nonsense. Upon opening the letter, which I could have easily just thrown away, I discovered that it was a mortgage solicitation. Fun! More specifically, it was a refinance offer from a [&hellip
The post Iâve Been Offered the Opportunity to Skip Two Mortgage Payments first appeared on The Truth About Mortgage.
The Importance of Knowing How to Calculate a Mortgage While there are plenty of mortgage calculators out there that do all the heavy lifting for you It can actually be helpful to know the math behind it You’ll probably better understand the implications of paying extra/early or the impact of a lower interest rate And [&hellip
The post Demystifying How Mortgages Are Calculated first appeared on The Truth About Mortgage.
Just as homes come in different styles and price ranges, so do the ways you can finance them. While it may be easy to tell if you prefer a rambler to a split-level or a craftsman to a colonial, figuring out what kind of mortgage works best for you requires a little more research. There […]
The post What Type of Mortgage Is Best for You? appeared first on Home Buyers Guide.
Everyoneâs heard of the Priceline Negotiator, but what about LendingTree Mortgage Negotiator? I hadnât heard about it until last week, when a commercial popped up on my television pitching the new system. I love scrutinizing mortgage companies and their products because theyâre often full of hot air. When it comes down to it, mortgages just [&hellip
The post The LendingTree Mortgage Negotiator Makes Home Loan Shopping Anonymous first appeared on The Truth About Mortgage.
If you recently took out a mortgage, or have been thinking about purchasing real estate, you may be wondering when your mortgage payments will be due each month, among other things (like how late Ikea is open). Well, mortgage payments are generally due on the first of the month, every month, until the loan reaches [&hellip
The post Mortgage Due Dates 101 first appeared on The Truth About Mortgage.
Buying a home might be a pretty conventional act, but financing one doesn’t have to be. Loans backed by federal agencies can be a big help if you’re low on cash or your credit score isn’t where you or a conventional lender would like it to be. There’s even a loan that can help you buy a […]
The post FHA and VA Loans Might Put Ownership in Reach appeared first on Home Buyers Guide.
Last year was a great year to be a loan originator. Next year probably not so much. This year, weâll see. In 2012, residential mortgage lending increased by an impressive 38%, compared to volume seen a year earlier, according to Home Mortgage Disclosure Act (HMDA) data released today by the FFIEC. The agency said it [&hellip
The post Mortgage Lending Surged 38% in 2012 on Refinance Strength first appeared on The Truth About Mortgage.
If youâre a homeowner, or just became one during the pandemic, youâve likely heard of mortgage forbearance. Not to be confused with mortgage forgiveness, it allows borrowers to suspend mortgage payments for a period of time if experiencing a hardship related to COVID-19. Eventually those missed payments need to be repaid, likely via a payment [&hellip
The post 5 Things to Know If Considering Mortgage Forbearance first appeared on The Truth About Mortgage.