Mortgages
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in MortgagesWhen is it A Good Idea to Take Out A Second Mortgage?
The option to take out a second mortgage on your home for financial purposes important to you is always there provided you have good enough credit and the equity to take on a second mortgage. However, there is some debate as to whether or not this is a good idea. It’s not something everyone does […] More
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in MortgagesHow To Save For A Down Payment On A House
You can buy a home for very little money down, but we don’t recommend it. Why would you want to do that and pay hundreds of additional dollars every single month to someone for Private Mortgage Insurance (PMI) until your loan value is less than 80%? Really, you don’t want to pay that. It is […] More
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in MortgagesIs It A Good Idea To Refinance Your Mortgage?
With interest rates low at the moment, many homeowners are making the decision to refinance their homes in hopes that they can save a few dollars here and there. There is nothing wrong, after all, with saving money on your mortgage. The good news about refinancing is that it is designed to help people save […] More
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in MortgagesThree Things I Learned about Mortgages Buying Our Dream House
When it’s time to buy a new home, you’re going to learn more about mortgages than you probably ever wanted to know. Trust me; I have two of them. When my husband and I became engaged in 2003, we decided we wanted to graduate college and build a house before we got married. We were […] More
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in MortgagesWhen is the Best Time to Apply for A New Mortgage?
With mortgage rates always in jeopardy of rising, many potential homebuyers want to know when it is the best time to get that application into the lender’s hands. The truth is that there simply is no set in stone right or wrong time to apply for a mortgage, but there are a few different times […] More
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in Mortgages
What To Avoid When You Are Ready to Buy A House
The idea of finding your dream home is so exciting. I remember when we found ours and we were so happy that we were able to find a house that had every single thing on our list of wants, including size, location and price. We were thrilled; it was divine intervention, in our opinion, since […] More
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in Mortgages
Buying A House? Gather All This Information for Your Mortgage Lender
Applying for a mortgage is the most fun and exciting time in your life. No? Wait, sorry; buying a house is the most fun and exciting time in your life. Wait, no…it’s not. There is nothing about applying for a mortgage or buying a house that is fun except for the actually owning the house […] More
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in Mortgages
Is A Reverse Mortgage Really A Good Idea?
It’s been years since I’ve watched a commercial. Honestly, we just use our DVR for all the shows we like to watch – or watch them on Netflix – and we don’t even bother with television when it’s live. To be quite honest, we actually avoid live shows and will find something else to do […] More
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in Mortgages
The Simplest Ways to Make an Additional Mortgage Payment Every Year
The debate whether or not to pay off your mortgage early is not a new one. People talk about it all the time, and everyone seems to have a different opinion. He says yes, pay it off early. She says no, don’t worry about it. Someone else doesn’t care either way as long as it […] More
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in Mortgages
Easy Steps to Improve Your Credit Score Before Applying For A Mortgage
Before you apply for a mortgage to buy that dream house you’ve got your eye on, you have to make sure your credit score is up to par. “But, my credit is perfect! I never make late payments, I’ve never had any credit issues and I make plenty of money. I have no need to […] More
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in Mortgages
What Happens If I Can’t Make My Mortgage Payment?
It’s an unfortunate occurrence, but it does happen. I was more than a little shocked recently to listen as a friend of mine told me a family member called her to ask to borrow money. She was a little shocked herself to hear the request and proceeded to ask why this person needed to borrow […] More
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in Mortgages
Escrow Accounts: Should You Have One Or Not?
It was only a few weeks ago when I was reading some mail while I had my mom over for lunch during the week of her spring break from teaching. My big girls were at school (different county than my mom’s school) and my twins were napping. I commented that I must have missed the […] More
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