Being a homeowner is both a dream and a responsibility. It can sometimes be difficult to calculate the cost of home ownership. The basics of a mortgage payment are mostly straightforward, and loans and terms can be calculated with a mortgage calculator. But, any homeowner can tell you that caring for and maintaining a home […]
Even before you begin house hunting or consider the length of your home loan, you have to make a more basic decision: Where to obtain your mortgage. Many different entities in America offer home loans, but most can be reduced to one of two categories—a mortgage company or a big bank. Banks can have their […]
It’s tough getting denied for a mortgage, but it shouldn’t be the end to securing an approved offer. According to a report from the Federal Reserve, 80 percent of Americans are in debt, but only 1 in 8 people are denied a mortgage. For refinancing, roughly 1 in every 2 applications are rejected their first […]
Mortgage rates are down for the fourth week running, putting interest rates at lows not seen since May. The going rate on a 15-year mortgage is hovering well below 4%. So should you consider refinancing from a 30-year mortgage to a 15-year mortgage? Here are some questions to consider before you make a decision. How […]
You’ve followed our guide on 15 ways to save for a new home, and now you have enough to make that down payment. But what if the home you’re looking at needs some TLC — or more than that, some serious renovation? Financing a fixer-upper can be tough, but we’re here to walk you through it! […]
Mortgage cycling, on first glance, seems like an oxymoron: borrowing on your home’s equity to pay off your home’s mortgage faster. It seems like a debt-fighting-debt strategy, but for some homeowners it can be an effective strategy to pay off their mortgage principal faster—if done correctly. To educate you a little better, we’ve provided an […]
During the housing boom, qualifying for a mortgage with little to no documentation was a piece of cake. Today, however, with much more strict lending practices in place, self-employed Atlanta home buyers may be asked to jump through a few more hoops to prove their creditworthiness and ability to pay if they are looking to […]
