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What Is A Mortgage?

To sum it up in a few words, a mortgage is a tool to become a homeowner. Mortgages will vary depending on different factors like your down payment, interest rate, and the length of the loan, also known as the term. Before we get further into the anatomy of a mortgage, there are a few terms that you’ll need to know. We’ve included a few basic words, but we recommend that you take a...

Renovation Loans: Everything You Need To Know

By Andy Tuttle

The housing market is ever-changing but the need to live and work in a comfortable, well-appointed home has never changed. It’s a situation that can leave many people feeling trapped.

There is a solution – a renovation loan could be the way out.

A renovation loan is different to traditional home improvement loans or mortgages in that it is...

The Mortgage Term Glossary

Hey there! Below you’ll find a list of mortgage terms and definitions to help guide you through your mortgage process. Whether you’re new to the game or just want to brush up on your terms, this list is sure to come in handy. For ease of access, we recommend bookmarking this page. Happy hunting!

Adjustable Rate Mortgage – ARM

A mortgage where the interest...

Mortgage Preparation: 5 Things to Do

bank-loan-key-for-mortgage

Purchasing your home is likely the biggest debt you’ll create in your life. There are tax benefits, but it is still a debt. Before you take the leap towards becoming a homeowner, it’s important to understand the ins and outs of securing a mortgage. The mortgage process can sometimes be complicated and overwhelming, but if you enter the game armed with a little knowledge,...

House: Is Now a Good Time to Buy One?

man-checking-home-expenses

For every home purchase, there are ideal moments to buy. These are perfect confluences of your finances, market conditions, and property selection. When is the right time to buy? Start with those as your guiding landmarks to determine those ideal moments.

Your Finances are Ready for a Mortgage Mortgage Rates are Low Homeowners are Eager to Sell The Home You Want is...

Before You Shop for Your New Home, Know What You Can Afford

calculators

When you are ready to apply for your mortgage it is important that you understand what the cost will be for that mortgage, mortgage calculators can help. Calculators are a great resource when you are making mortgage decisions.

Going into a mortgage with your eyes wide open and understanding how much mortgage you can comfortably afford. Plugging in the numbers into calculators that are...

5 Ways to Boost your Credit Score before Applying for a Mortgage

Buying a home is a big step with many factors that need to be considered. Location, loan programs, interest rates and credit scores are just a few of the considerations. Rising rent prices on homes and apartments are leading more and more families to explore the option of homeownership. When exploring mortgage options your credit score will play an important part in the entire process. The...

4 Important Things to Keep in Mind When Deciding to Refinance Your Home

refinancing

If you’re looking into refinancing to save money on your monthly mortgage payment, there are several important things you should know before you sign on the dotted line.

1. Cost

Refinancing a home might be saving you on your monthly mortgage payment but you should check to make sure that you’re still saving money after any associated refinancing costs and fees. Some people...

Do You Know What Your Mortgage Options Are?

mortgage options

Now is a great time to think about owning a home. Property values are on the rise, properties are selling quickly, and average down payments are relatively low. Find out what your mortgage options are before you start the process of owning a home. Knowing your options is the best way to make the right decision and end up with the right property.

 

Consider Your Mortgage Options...

Take Financial Responsibility by Using a Mortgage Company

Over 65% of homeowners all have a home mortgage. There may be many places to finance a home, but which organization is best?

A non-bank mortgage lender, otherwise known as a mortgage company, is a great place to get home loans.

Before you purchase a home, you want to choose a mortgage company since the best mortgage companies are imperative to the process. Mortgage...

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.