How Pro Homeowners Pay off Their Mortgage Faster Than Their Neighbors

Imagine the freedom you would feel having the monthly mortgage burden lifted off your shoulders. While paying this amount as a lump sum early in life  is practically impossible, it is possible to reduce the payment term for a mortgage from 30 years to 15 years or even less.  But of course the first step […]

Financial Figures: How to Budget for a Mortgage

Your mortgage is often your largest single expense every month. If you are already living on a tight budget, buying a home might be out of reach unless you can find a really good deal or you plan on doing some renovations yourself. Here are some things to consider when budgeting for a mortgage. Create […]

Home Buying 101: 4 Signs to Look for When Choosing a Mortgage Lender

Buying your first home can be a dream come true and for most first-time buyers, achieving this milestone isn’t possible without getting a home mortgage. A mortgage loan allows you to make a modest down payment up-front, and spread the payments for the bulk of the sales price out across anywhere from ten to thirty […]

3 Things You Need to Know About Jumbo Loans

No, Jumbo Loans don’t have anything to do with buying Elephants but they do have to do with large (or expensive) houses.  According to Investopedia, “A jumbo loan, also known as a jumbo mortgage, is a form of home financing for whose amount exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). As a result, unlike conventional mortgages, it […]

Improve Your Terms: 3 Tips To Figuring Out Home Refinancing

If you feel that your mortgage is more expensive than it needs to be, you may want to consider refinancing. This may make it possible to get a lower interest rate, remove private mortgage insurance payments or otherwise reduce your monthly payments. What are some issues to consider prior to refinancing a mortgage to make […]

How Much Should You Save For A Down Payment On Your First Home?

One of the requirements of buying a home is putting at least a portion of the sales prices down before closing. In many cases, you may be required to put down as much as 20 percent of the purchase price, but this may vary depending on the type of loan you are getting. Knowing the […]

Financing a House Purchase

Purchasing a home is one of the most exciting experiences in your lifetime. But it can also be stressful.  Arranging the financing to purchase a home is a unique experience that can affect your life for years to come. So it is critical that you get this one step right. Introduction: Buying a house is […]

Paying Off Your Mortgage Early: Six Tips To Save You Money

If you are considering buying a new home there are a great many wonderful places to do so. Florida still has many areas that are near beautiful beaches and have an abundance of foreclosures for sale putting a lid on prices for the foreseeable future. This allows you to get a roof over your head […]

Mortgage Options: The VA Home Loan

The process of buying a home can be daunting to even the savviest of consumers.  If you are going the mortgage route, you might need to have a dictionary handy to understand much of the jargon associated with the process. That is, of course, after you determine what type of loan you need.  If you […]

Poor Credit Mortgages- Subprime Lending

In finance, subprime lending (also referred to as Poor Credit Lending) means making loans to people who may have difficulty maintaining the repayment schedule, due to poor money management skills or reflecting setbacks such as unemployment, divorce, medical emergencies, etc. These loans generally have higher interest rates and less favorable terms in order to compensate the lender […]