Tag: Mortgage

Posted on 04/03/2022
What You Need to Know About Refinancing Your Mortgage
Many homeowners have experienced a moment when they have wished for a lower mortgage payment. With a mortgage refinance, you could effectively lower your monthly payments. Not sure where to begin with refinancing or whether it's right for you? We've got you covered with some tips and considerations. What is Refinancing? When you refinance a mortgage, you're essentially...
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Posted on 03/20/2022
Getting preapproved for a mortgage: The basics
Getting preapproved for a mortgage is an essential part of the home-buying process. While it’s possible to wait before securing your financing, there are major benefits to getting preapproval early. For more information about preapproval, here are the basics to consider: When to get preapproval It’s recommended that would-be homebuyers obtain a preapproval letter from a mortgage lender...
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Posted on 11/21/2021
Is an FHA Loan Right For You?
If you're in the market for your first home, there's a good chance you'll need to take out a mortgage. One of the most popular mortgage types (especially for first-time buyers) is known as a Federal Housing Administration (FHA) loan. What is an FHA Loan? Specifically, an FHA loan refers to one that is backed and insured by...
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Posted on 04/18/2021
How to Gain Preapproval
Photo by Pixabay via Pexels Thinking of buying a home in the near future? You're going to need a preapproval. This tells real estate agents that you're serious about the home-buying process, and it alerts sellers that you're a solid, low-risk candidate. Preapprovals aren't always easy to score, however. And if you're someone who's had a few credit...
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Posted on 01/24/2021
Seller-Financed Mortgage: What Is It?
Photo by Charles Thompson via Pixabay A vast majority of homebuying transactions rely on the buyer qualifying for a mortgage through a bank. After all, most people don't have enough cash lying around to buy a home outright. Nowadays, you have more options with different types of lenders and alternative financing companies where you can seek pre-approval online....
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Posted on 11/08/2020
Navigating the Mortgage Pre-Approval Process
Image by Precondo CA from Unsplash Buying your first home can be stressful enough without worrying about whether or not your mortgage loan pre-approval is going to go through. You may not be prepared for the mountains of paperwork that you'll need to submit before a lender gives you the thumbs' up. That's why it's such a good...
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Posted on 10/25/2020
Steps to Paying off Your Mortgage Quickly
Photo by ESB Professional via Shutterstock If the thought of getting a mortgage and being in that much debt is stopping you from buying a home, plan to pay it off. Here’s how you can do it in just five to 10 years. Live well below your means. If you can keep your mortgage payment to below twenty...
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Posted on 08/11/2019
Essential Tips for Buying A Pre-constructed Condominium
A pre-constructed condominium is an excellent way of getting a new space at a decent price. One of the advantages of getting a pre-constructed condominium is that it can be customized to match your style. Here are the things you be aware of when buying a pre-constructed condo: 1. Many pre-construction condominiums get delayed. Understand that many condo...
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Posted on 07/14/2019
What Lenders Look for When Approving Your Loan
If you are looking to get a new loan, especially for a mortgage, a bank or your lending institution will review and approve or decline your application based on the information you provide. That said, there is certain information that prospective lenders consider carefully when they examine your application for a home loan. This article is all about...
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