Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score

May 5, 2017 by John · Leave a Comment 

A poor credit history is a reality for many people, but it can be particularly daunting when it comes to investing in a house. Fortunately, simply because you or yours have experienced bad credit doesn’t mean that you should be penalized in the future. If your spouse has struggled with bad credit in the past but you’re both preparing to move forward and invest in a home, here are some tips for getting it together financially.

Are You ‘Mortgage Pre-approval Worthy’? Learn How to Assess Your Finances in 10 Minutes

April 26, 2017 by John · Leave a Comment 

Finding the right home and the right mortgage can take a lot of time and energy, so it’s important to consider whether you’ll be prepared for approval before diving into the process. Whether you’ve had some financial setbacks or you just want to have an idea ahead of time, here are some ways to quickly determine if you’ll be pre-approved for a mortgage.

Your Debt-To-Income Ratio and How It Affects Your Mortgage

April 21, 2017 by John · Leave a Comment 

When you’re delving into the market in the hopes of finding your dream home, it’s likely you’ll come across the term debt-to-income ratio. This may not seem important at first, but your DTI is the key to determining the amount of money you can put into your home and just how much you should spend on a monthly basis. If you’re curious about what this means for you, here’s how to calculate it and how it can impact your mortgage.

Buying a Home With a Mortgage? Here’s What You Can Expect at Your Closing Meeting

April 12, 2017 by John · Leave a Comment 

If you’ve decided to invest and have finally found your ideal home, it’s probably an exciting time for you and your family. But before the deal is sealed, there will be a closing meeting so that all of the loose ends can be tied up. If you want to be ready for closing and are curious what the final meeting will entail, here are a few things to be prepared for.

Trim Your Mortgage Closing Costs by Following This Easy 3 Step Guide

April 5, 2017 by John · Leave a Comment 

You may be so busy with determining your debt-to-income ratio and deciding what kind of offer to make that closing costs have gotten lost in the mix, but it’s important to remember that finalizing your mortgage will cost you extra. While there’s no way to get around paying money to solidify your mortgage, there are a few steps you can take in order to make it more economical for you.

Thinking About Refinancing Your Mortgage? 4 Ways to Ensure It’s Worth Your Time

March 15, 2017 by John · Leave a Comment 

If you’re familiar with the real estate market, you’ve likely heard the term ‘refinancing’ and may be wondering what this can mean for your mortgage and your financial well-being. While refinancing can be a great benefit for those who are looking for a lower interest rate or a different mortgage type, here are the details on what it can offer and whether or not it will work for you.

Did You Know: 3 Reasons Why Mortgage Pre-approval Should Be Your Very First Step

March 10, 2017 by John · Leave a Comment 

There are so many details involved in the mortgage process that you may not be aware of what pre-approval is if you’ve just entered the market. However, pre-approval assesses your ability to make monthly mortgage payments and can be an important first step in the home-buying process. If you’re currently contemplating a home purchase, here’s why you may want to consider pre-approval first.

If Your Home Is Destroyed in a Natural Disaster, What Happens to Your Mortgage?

March 8, 2017 by John · Leave a Comment 

When you’ve been in your home for a while and have established a certain amount of equity, it can be a good feeling to know that you have an investment you can count on. However, with changing weather patterns you may be afraid of a natural disaster striking and what it could mean for your financial well-being.

4 Misconceptions About Reverse Mortgages — and Why You May Decide You Want One

February 22, 2017 by John · Leave a Comment 

With so many mortgage products available on the market, it can be hard to know which ones will serve you best as a homeowner. As a result, there are many mistruths surrounding reverse mortgage products. Let’s clear away some of the misconceptions.

The 2017 Mortgage Rate Outlook: Here’s What the Experts Are Saying

February 15, 2017 by John · Leave a Comment 

The post-election period is often one of uncertainty, and the time since the 2016 election has been no different with regards to market force and the financial world. With a new administration taking office, there are many questions regarding how Donald Trump’s presidency will impact the market and your mortgage.

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