Tag: Mortgage

Posted on 11/06/2022

Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...

Economy

Home Prices

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Posted on 03/14/2021

Pre-Approval: What it is & How to Achieve it

Photo by Clker-Free-Vector-Images via Pixabay A mortgage pre-approval can be a valuable tool for understanding how much you can afford to spend on purchasing a home. It can also make you seem much more attractive to sellers and help to identify any potential problems that may make it difficult to get a loan. In fact, many lenders claim...

Mortgage

Buying A Home

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Posted on 01/03/2021

Financing with a Credit Union

Image by Pete Linforth from Pixabay Property buyers today may think of a credit union as an alternative form of lending and ultimately meant for people who don't fit the stereotypical borrower. But this assumption may a little unfair once you learn the facts. Credit unions present several unique opportunities that you simply won't find anywhere else. We'll...

Financing

General Finance

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Posted on 08/09/2020

Mortgage Options for Luxury Properties

Photo by Vincent Rivaud from Pexels When you buy a luxury home, you have several options when it comes to paying for the home. While some luxury buyers invest fully in the home and purchase outright, most find that opting for a mortgage of some type keeps options open and reserves capital for other things. Mortgages can be...

Luxury Home

Home Buyer

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Posted on 06/14/2020

How a Land Contract Differs from a Mortgage

Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...

Mortgage

Loans

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Posted on 02/09/2020

Mortgage Pre-Approval Details You Need to Know

Image by Mediamodifier from Pixabay As you enter the home buying process, some people may recommend that you seek mortgage pre-approval. This is typically one of the first steps in the process, and you may view it as something you have little choice over. Yet mortgage pre-approval is not a requirement to start shopping for a house, and...

Preapproval

Mortgage

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Posted on 10/20/2019

What are Prepayment Penalties?

Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...

Mortgage

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Posted on 10/06/2019

What Mortgage Lenders Ask About Your Income

The process of applying for a mortgage is tedious and time-consuming; it requires you to answer personal questions about your finances. To ascertain your credibility for a mortgage, lenders structured the application process in such a way that allows them to get as much information about borrowers either directly or indirectly. Before you decide to apply for a...

Mortgage

Personal Finance

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Posted on 04/14/2019

A Home is not Really an Investment

For years, people have believed that their new home purchase is the same kind of investment as their 401k or stock and bonds. Even with the obvious drops in prices during and since the economic crash, many buyers continue letting their home be their only retirement asset. The main property you live in should be left out of...

Mortgage

Personal Finance

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