If you own your home, you’re probably very aware of your monthly mortgage payment and its interest rate. Payments on interest can add up to tens of thousands of dollars over the life of your mortgage, and the money you pay on interest does you less good in the long run than what you pay […]
Refinancing your home can be immensely beneficial. Taking advantage of new interest rates can lower your monthly payments, the total amount of interest you owe, and potentially save you thousands of dollars. To do that, however, you need to get a few things just right. Know your goals and value Before you refinance, you need […]
If you’re hoping to buy a home, then be prepared to have your lender evaluate all kinds of facets of your financial history. Lenders will ask you about your job, your income, and your monthly expenditures. They’ll also ask about your credit score. Your credit score is one of the most important pieces of data […]
Your home is one of the most important purchases you’ll make in your lifetime. But paying off a mortgage isn’t like paying down a car, credit card, or student loan. Just like owning a home, it’s complex, and a variety of factors go into determining your monthly payment. Main factors Size, or principal, the amount […]
We know that buying a home is a complex, multi-step process. A lot of home buyers overlook a potentially useful early step in the process: pre-qualification. If you haven’t heard of a pre-qualification, you’re hardly alone. It’s not as big or as flashy as its older sibling, a pre-approval. But a pre-qualification is a handy […]
When you’re looking for the right house to buy, there are several questions you need to ask your agent before hiring them. That same logic applies to getting the right mortgage — only the lender will be asking you the questions. Here are the four criteria mortgage lenders are concerned about most: Check your credit […]
What’s the shape of the housing market this year? Is it a good time to buy? Should you refinance? We’ve culled the world of real estate news to bring you the latest predictions and forecasts from the industry experts. Let’s see how 2017 is looking so far … Prices will rise, slowly Much like last […]
