Monthly Archives: May 2014

What Is A Home Mortgage All About?

What Is A Home Mortgage All About?

What Is A Home Mortgage All About?

Don’t get overwhelmed when looking for a mortgage company. If you find yourself feeling this way, it is time to start learning. This article will provide important tips to get you started on your path toward choosing the right mortgage lender. Check it out!

There are loans available for first time home buyers. These loans usually do not require a lot of money down and often have lower interest rates than standard mortgages. Most first time home buyer loans are guaranteed by the government; thus, there is more paperwork needed than standard mortgage applications.

Get your documents ready before you go to a mortgage lender. You should have an idea of the documents they will require, and if you don’t, you can ask ahead of time. Most mortgage lenders will want the same documents, so keep them together in a file folder or a neat stack. Continue reading

Top Tips For Getting Good Home Mortgages

Top Tips For Getting Good Home Mortgages

Top Tips For Getting Good Home Mortgages

Mortgages, like any other loan, are a serious endeavor to undertake. Thankfully, a mortgage is backed by a home, meaning you will have an easier time paying it off if you must, but it can still sink you if you don’t complete the process smartly. Read on to learn many mortgage tips and tricks.

If the idea of a mortgage looming over your head for the next few decades does not appeal to you, consider refinancing over a shorter period. Although your monthly payments will be more, you’ll save a lot in terms of interest over the life of the loan. It also means being mortgage-free much sooner, and owning your home outright!

New rules of the Affordable Refinance Program for homes may make it possible for you to get a new mortgage, whether you owe more on home than it is valued at or not. A lot of people that own homes have tried but failed to refinance them; that changed when the program we’re speaking of was reintroduced. How can it benefit you through lower payments and an increased credit score? Continue reading