When you are ready to purchase a new home, you have two primary choices: purchasing it using cash or financing it through a mortgage. And although it can be argued that cash purchasing offers some advantages (e.g. avoiding mortgage related interest and fees), this is not a realistic option for most homebuyers. For those who require…
If you are in the process of refinancing your mortgage, you may know that it is not an easy feat. You have to compare quotes. And, when you do, make sure you read the fine print so you know exactly what you’re signing up for. Then, once you decide to go ahead, it can seem…
If you are an interested home buyer, and you have kids or other dependents in your life, you may be wondering how this may affect your mortgage qualification. If this is the case, then this article is for you. Before approving your mortgage application, lenders look at your financial background and status. They do so…
There are instances when home loans can be a pain. And, they can get expensive if you are on a tight budget. Fortunately, there are some ways around this. Today we will discuss the silent second mortgage option. But you have to be careful here because there are situations where they are illegal. Getting one…
Every industry has its fair share of confusing terms that are hard for outsiders to keep track of. And the mortgage industry is no exception. In fact, it may be even worse than most! When you go to get a mortgage, or refinance one, there are no shortage of terms you may come across and…