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Three Tips For Reducing Your Closing Costs If You’re Looking Forward To Buying A Home In The Spring

Home buying has costs associated with it other than the mortgage itself. Known as closing costs,,these fees are a part of the home buying process and they are due at the time that the mortgage is finalized. Buyers, however, can negotiate these costs and reduce the expense with a little bit of effort and with the help of a good mortgage professional.

By |February 23rd, 2021|Blog|Comments Off on Three Tips For Reducing Your Closing Costs If You’re Looking Forward To Buying A Home In The Spring

Variable-Rate VS. Fixed-Rate Mortgages – Which Is Better For Your Financial Situation?

If you are thinking about applying for a mortgage, it is important that you consider all of the options carefully and that you understand the key differences between them. Let's compare variable-rate and fixed-rate mortgages to see which might be the best in your situation.

By |February 19th, 2021|Blog|Comments Off on Variable-Rate VS. Fixed-Rate Mortgages – Which Is Better For Your Financial Situation?

Understanding The Key Factors That Affect Your Mortgage Interest Rate

When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. However, the unfortunate truth is that all too often, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate.

By |February 18th, 2021|Blog|Comments Off on Understanding The Key Factors That Affect Your Mortgage Interest Rate

Do You Need Mortgage Insurance Even if It’s Not Required by Your Lender? Let’s Take a Look

Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be needed, even if it's not typically required by your lender.

By |February 5th, 2021|Blog|Comments Off on Do You Need Mortgage Insurance Even if It’s Not Required by Your Lender? Let’s Take a Look

Three Tips for How to Secure a Mortgage if You Are A Self-Employed Entrepreneur

If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed.

By |February 3rd, 2021|Blog|Comments Off on Three Tips for How to Secure a Mortgage if You Are A Self-Employed Entrepreneur

Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

If you're a homeowner who is looking to tap in to the home equity that you've spent years building you may be interested in a "reverse mortgage" or "home equity conversion mortgage". Let's take a closer look at how reverse mortgages work, including how to qualify, what happens to your existing mortgage and what a reverse mortgage might cost.

By |December 31st, 2020|Blog|Comments Off on Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

Be Prepared for Your Mortgage Pre-approval Interview by Having Answers to These 4 Questions

So - you've completed an initial mortgage pre-qualification and now you're ready to take the next step and meet with your lender or mortgage advisor for the pre-approval interview. Are you ready? Let's take a quick look at a few questions you should know the answers to before you go in for a mortgage pre-approval.

By |December 4th, 2020|Blog|Comments Off on Be Prepared for Your Mortgage Pre-approval Interview by Having Answers to These 4 Questions

Face The Numbers, A Mortgage That Works For You

Before taking out a mortgage to buy a home, it's time to take a realistic survey of your finances so that you can determine your price range and what size of home you can comfortably afford.

By |November 27th, 2020|Blog|Comments Off on Face The Numbers, A Mortgage That Works For You

Understanding the Difference Between a Mortgage Pre-qualification and a Pre-approval

If you're in the market for a new home and you've been researching mortgages, you've likely come across the terms "pre-qualification" and "pre-approval". While these terms are self-explanatory in some circumstances, they are quite different in regards to mortgage financing. In today's blog post we'll explain the difference between a mortgage pre-qualification and a pre-approval.

By |November 20th, 2020|Blog|Comments Off on Understanding the Difference Between a Mortgage Pre-qualification and a Pre-approval

A Step-by-Step Guide to Preparing Your Finances for the Mortgage Pre-Approval Process

Being pre-approved for a mortgage isn't just a way to get a step ahead, in many cases it's a necessity to buying a home. Many sellers don't want to go through the negotiation process of selling their home only to have the buyer drop out when they can't get approval for the mortgage they were relying on.

By |September 23rd, 2020|Blog|Comments Off on A Step-by-Step Guide to Preparing Your Finances for the Mortgage Pre-Approval Process