How well do you know your mortgage?
First Time Home Buyer / Lenders / Pre-Payment / Purchase / Rates & Terms / Refinance

How well do you know your mortgage?

Why the fine print of your mortgage approval matters When applying for a mortgage, the rate and payment amount initially seem to be the most important, however, there are other items that should be understood before you sign on the dotted line. Read on for the top four mortgage features that could be particularly impactful … Continue reading

Mortgage Rates: Shop Like A Pro
Credit / Insurance / Lenders / Mortgage Renewal / Pre-Approvals / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Mortgage Rates: Shop Like A Pro

  If you are currently shopping for a mortgage interest rate, this article should be both helpful and insightful. When you know what you’re looking for you can ensure the conditions that sometimes apply to the really low interest rates fit your financing needs. And when you are educated and prepared to negotiate, the rate … Continue reading

Alternative Lending 101
Bankruptcy / Broker vs. Bank / Credit / Debts / Documents / Downpayment / First Time Home Buyer / Lenders / Pre-Approvals / Purchase / Qualifying / Refinance / Variable Interest Rates

Alternative Lending 101

If you’re thinking of getting a mortgage, like most, you’ve likely done some research to see what’s required in order to be approved. But what happens if you don’t meet ALL of the requirements? Welcome to the world of alternative lending. These mortgage offerings are geared towards a borrower who needs a lender to work … Continue reading

This or that? Making mortgage decisions easier
Documents / Downpayment / Mortgage Renewal / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Variable Interest Rates

This or that? Making mortgage decisions easier

We often receive inquiries from potential borrowers looking for some tips about navigating through all of the mortgage options available to them. We usually start out with a discussion about their specific mortgage requirements and home ownership goals, as nothing replaces a custom solution. If they are not really sure what their requirements or goals … Continue reading

Mortgage fact or fiction?
Bankruptcy / Credit / Debts / Documents / Downpayment / Income / Lenders / Purchase / Qualifying / Refinance

Mortgage fact or fiction?

A mortgage is not a subject we learn about in high school, although I wish it was. Credit, interest rates and qualifying for a mortgage will affect your lifestyle going forward, however, where is one supposed to learn about this? Some hear about them through friends or family, or maybe online, though the mortgage market … Continue reading

Mortgage Payout Penalties
Broker vs. Bank / Documents / Lenders / Mortgage Renewal / Pre-Payment / Rates & Terms / Refinance / Rental Properties / Variable Interest Rates

Mortgage Payout Penalties

What you need to know You may not hear about a payout penalty until you want to break your mortgage term early, then you could be surprised by the figure you are quoted by your existing lender. Be prepared by understanding how your penalty is calculated before you make a decision to pay out your … Continue reading

I Now Pronounce You Happily Mortgaged
Credit / Debts / Documents / Downpayment / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Refinance

I Now Pronounce You Happily Mortgaged

Okay, maybe that is not the first thing that comes to mind immediately following engagement. If you have marriage on your mind, it’s more likely that you’re probably also thinking about where you’re going to live when you begin your life together. If buying a home versus renting is the direction you would like to … Continue reading