Thinking About a New Home? 3 Reasons Why a Mortgage Will Be the Best Money You Ever Borrow

August 10, 2017 by John · Leave a Comment 

In these days of low interest rates, it can be a great idea to get into the real estate market and invest in a home. However, if you don’t have the funds saved up to buy a home outright, it may seem like more of a burden than it’s worth. The good news is that you might qualify for a mortgage loan, which tend to come with more favorable terms than a traditional bank loan. Here are three reasons why a mortgage might just be the best money you ever borrow.

Understanding Your FICO Score and Why Small Credit Mistakes Can Cause Huge Headaches

August 8, 2017 by John · Leave a Comment 

Many people all over the world are dealing with issues involving debt or poor credit history, but most aren’t necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it’s the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you’re looking to improve your understanding and your finances, here’s what you need to know about small mistakes and your FICO score.

With Mortgage Rates This Low, Should You Dive In? 3 Reasons Why Now Might Be the Time

August 3, 2017 by John · Leave a Comment 

Whether you’ve just finished school or are about to start a family, investing in a home can be one of the biggest financial decisions of your life. But as you’ll soon discover, there are a number of considerations you’ll need to make. It can be difficult to know whether to get a short-term or long-term mortgage, or how long of an amortization period you’ll need.

Forget About the Bank of Mom and Dad — Here’s How You Can Save Your Own Down Payment

July 26, 2017 by John · Leave a Comment 

Are you considering buying a home for the first time? It might come as a surprise that you’ll want to have approximately 20% of the purchase price of your home for a down payment. For some, it can seem nearly impossible to come up with the funds. Fortunately, there are a few ways that you can save a little over time and not have to borrow from the “Bank of Mom and Dad”.

Can I Qualify for a Mortgage After Declaring Bankruptcy? Yes — and Here’s How

July 11, 2017 by John · Leave a Comment 

It may feel like a daunting task to consider buying a home after you’ve declared bankruptcy, and there’s no doubt that it’s an uphill battle. Fortunately, while you’ll have hard work ahead, there are things you can do in order to make your dream of home ownership a possibility. Whether you’ve just declared bankruptcy or some time has passed, here are some things you should consider before getting into the market.

The 10-year Mortgage: Why a Shorter Amortization Period Can Be Your Best Option

June 21, 2017 by John · Leave a Comment 

From ‘down payment’ to ‘adjustable rate’ to ‘debt-to-income’ ratio, there are so many terms involved in the mortgage process that it can be hard to learn them all and keep them straight. If you’re currently considering the period of loan you should choose, here are some things to think about before taking on a term.

3 Classic Credit Mistakes to Avoid If You’re Trying to Secure a Mortgage Loan

June 14, 2017 by John · Leave a Comment 

The mortgage application process can be fraught with a lot of stress on its own, but if you’ve experienced issues with your credit in the past it can be even more taxing. While there may be a lot of things you may not be aware of when it comes to their impact on your credit, here are some things to watch out for if you’re planning on purchasing a home in the short-term future.

Dealing With a Tight Housing Market? 3 Tips to Ensure You Get the Mortgage You Need

June 7, 2017 by John · Leave a Comment 

In many cities around the country, real estate prices are on the rise and potential buyers are working hard to find a home they can feel good about. However, finding the right home in a tight market can be even more of a challenge when it comes to striking the right balance. If you’re hedging around the market in the hopes of finding the perfect home, here are some things you should do to ensure you don’t miss out on a good opportunity.

3 Ways to Earn Some Spare Cash to Help Pay Your Mortgage Down Faster

June 1, 2017 by John · Leave a Comment 

A mortgage is one of the most expensive purchases you’ll make in your life, and for many the idea of being indebted to it for years can seem like quite a burden. However, while you won’t necessarily be able to pay off your home with instant savings, there are ways that you can pay it down more quickly. If you’re wondering how to drum up some extra money for your mortgage, you may want to consider the following options.

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.

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