home loan

The Mortgage Pre-approval Letter: What It Is and Why You Need One

If you’re about to start house hunting, it’s best to go into the process armed and ready. That includes lining up financing before you walk into your dream home. A mortgage pre-approval letter demonstrates that you have the financial means to buy a house, helping you stand out as a serious buyer. Here’s what you […]

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Being “Normal” Costs An Average of $600,000 Over a Lifetime: Here’s Why We Are Fighting Back

Dave Ramsey is fond of saying that you don’t want to be normal because “normal” is broke.  Now, CreditLoan has graphic proof of that in the infographic, “A Lifetime of Debt: The Financial Journey of the Average American.”   Comprised of information from several sources, this infographic, which is laid out like the Life board game, […]

The post Being “Normal” Costs An Average of $600,000 Over a Lifetime: Here’s Why We Are Fighting Back appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Mortgage Insurance vs. Homeowners Insurance

These days, it seems as if we can insure just about anything. While this may be perceived as “great news!” by overzealous insurance agents, for individual consumers it’s just more money down the drain. After all, paying for insurance always feels like a chump’s game until you actually need to file a claim, which never [&hellip

The post Mortgage Insurance vs. Homeowners Insurance first appeared on The Truth About Mortgage.

There Is No Mortgage Trick

Over the years, I’ve seen tons of ads and articles about a so-called “mortgage trick,” only to click on the associated hyperlink and see nothing regarding any tricks. Talk about disappointing. For the record, I’m always interested to see what someone might have up their sleeve, which is why I continue to click year after [&hellip

The post There Is No Mortgage Trick first appeared on The Truth About Mortgage.

Two Reasons Not to Refinance Your Mortgage Right Now

Yes, all the news headlines are screaming, “Refinance NOW!” The term “mortgage rates” is trending hard. And all my friends are texting me asking if they should refinance their mortgages. Ugh. This is getting silly. Sure, mortgage rates are now at new all-time highs, but hang on a second. Let’s catch our collective breath and [&hellip

The post Two Reasons Not to Refinance Your Mortgage Right Now first appeared on The Truth About Mortgage.

Good Debt vs Bad Debt: What’s the Difference?

“Good debt” seems like a bit of a misnomer. After all, debt is debt; it can destroy your credit score, reduce your chances of getting a house or a car and generally make life very difficult for you. But it does exist. Think of it this way: A loan of $500 is always going to […]

Good Debt vs Bad Debt: What’s the Difference? is a post from Pocket Your Dollars.

Homeowners with Year-Old Mortgages Are Refinancing Like Crazy

A new report from Black Knight revealed that prepayment activity (early payoff of a mortgage) has been surging thanks to the precipitous drop in mortgage rates. It has more than doubled in just the past four months alone, and is now at its highest level since late 2016. The biggest driver has been homeowners with [&hellip

The post Homeowners with Year-Old Mortgages Are Refinancing Like Crazy first appeared on The Truth About Mortgage.