What Mortgage Lenders Actually Look at Beyond Your Credit Score
A 700 credit score won't guarantee approval. Lenders evaluate debt-to-income ratio, employment history, down payment, and reserves—here's what actually matters.
What You Should Know About Refinancing Your Mortgage
Following are a few things you can consider to help you determine if refinancing your mortgage is right for your situation.
Consumer Financial Protection Board Proposes Sweeping Reforms for Mortgage Disclosure
This week the Consumer Financial Protection Bureau (CFPB) issued new proposed guidelines for mortgage disclosure forms.
Using a Second Mortgage to Finance Home Improvements
In the event that the first mortgage is paid off before the second mortgage is paid off, the title simply switches.
CFPB Finds Most Consumers Don’t Understand Risks of Reverse Mortgages
According to the report by the CFPB the majority of consumers are aware of reverse mortgages but most do not understand what they are.
Choosing a 15-Year Mortgage Rather than a 30- Year Mortgage?
A 15-year mortgage has monthly payments that cost a little bit more than a 30-year mortgage.
When Is It Worth Paying Points in Exchange for a Lower Interest Rate on a Mortgage?
When paying points, most lenders will reduce the interest rate on a 30-year mortgage by one-quarter of one percent for each one-point paid.
Using Mortgage Preapproval to Increase Your Negotiating Power Over the Sales Price
A mortgage preapproval can give you the edge you need to be in the winning position.
Recognizing the Right Time to Use Mortgage Brokers
Mortgage brokers are designed to be a one stop shop for those looking for a mortgage.
What to Look for in Mortgage Companies
Taking the time to shop around and compare mortgage companies will lead to an informed decision.
Mortgage Independence Day – Pay off Your Mortgage Sooner and Enjoy More Freedom
With July 4th just around the corner, it’s a great time to consider your personal Mortgage Independence Day.
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Most Recent
How to Save for the Downpayment on a House
Knowing how to save is key to planning your downpayment. Think of the best ways to maximize your savings and grow your money quicker.
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Pew Charitable Trusts Survey Banks for Transparency
The Pew Charitable Trusts is constantly watching the consumer market and doing research on their findings. Their goal is to inspire governmental change. Lately they have issued...
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Existing Home Sales Increase in May Beat Estimates
The National Association of Realtors reports that existing home sales increased a seasonally adjusted rate of 4.2 percent in May—an annual pace of 5.18 million. It exceeds the...
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Home Buying Turning Insane
In case you have not heard, you better have cash (either your own or borrowed or begged) to get into the US housing market. This is a real home buying turnaround from the past...
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Fed May Scale Down Bond Buying if Economy Continues Its Recovery
If the economy continues manufacture good news, according to Federal Reserve Chairman Ben S. Bernanke statement, the Federal Open Market Committee (FMOC) will reduce its economic...
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Why You as an Investor Need Curb Appeal Technology
Never forget that most renters don’t even know what a landline telephone is. They all have cells. ”The widespread use of cell phones poses new challenges for apartment owner...
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