Did you know that paying on a mortgage can do more for you than simply reducing your level of debt? By generating more equity in your home (that is, “owning” more of it by virtue of paying down your mortgage balance), you can tap into your hard-earned ownership for financial advantages in the future. Two […]
How To Qualify For A Home Equity Loan
The process of securing a home purchase is a large financial decision, but the monetary planning does not end there. Navigating your financial situation after a home purchase may leave you feeling like there is not much money left to work with, but the reality is that your home itself can be used as a […]
Home Equity Loan vs HELOC: Which Is Right For Me?
A home costs a lot of money, and for many people, all of the investment that they’ve placed into their home by paying on their mortgage for years—or in other words, the “equity” that they have built in their home—is locked up and unavailable for use. However, vehicles such as home equity loans and HELOCs […]
What Credit Score Do Mortgage Lenders Use?
As you get ready to delve into the mortgage and homeownership process, you have likely come up with a number of questions about what impacts your ability to secure favorable terms for your mortgage — or to be approved for a mortgage at all. One of the main areas a mortgage lender will consider when […]
5 Questions To Ask A Mortgage Lender
Deciding to take out a mortgage is one of the biggest financial decisions most people will make in their lives. This means that thoroughly understanding the process and how it will impact your financial future are critical. As you shop around for a mortgage lender to acquire a home loan, do not be afraid to […]
How To Choose The Right Mortgage Lender
Whether you are considering purchasing a home for the first time or are seeking a mortgage to cover the difference between your current home’s equity and the purchase price of your new property, it is important to carefully choose the right mortgage lender. What is right for one person may not be right for the […]
Pre-Qualified vs Pre-Approved: What’s The Difference?
The process of buying a home can seem difficult, whether it is your first time or your tenth. However, first time buyers in particular may struggle to understand exactly how much house they can afford and what their first mortgage may look like. In order to better comprehend their buying ability and make wise long-term […]
How To Qualify For A Mortgage If You Are Self-Employed
Taking out a mortgage on a home is a significant financial decision, but it can seem even more daunting for those who are self-employed. Those who work at businesses of their own making already need to adjust to new ways of managing their finances, such as paying both the employer and employee portion of taxes. […]
5 Questions to Ask Before Taking Out a Home Loan
If you are considering the purchase of a home, especially if it is your first, you may not be entirely sure what all of the fine print in your mortgage means. The process of signing all the home loan paperwork means that you will be jotting down your name dozens or even hundreds of times, […]
