Mortgages

Our Credit.com experts are here to help you better understand mortgages so that you can make smarter home loan decisions. Find out what you should consider when shopping for a home loan, plus ways to get the best rates & deals. Learn how to approach re-financing, foreclosures and short sales. Understand how mortgage decisions can affect your credit score.

The Simple Trick to an All-in-One Mortgage Payment

The Simple Trick to an All-in-One Mortgage Payment

The Simple Trick to an All-in-One Mortgage Payment

If you’re planning to buy a home in the near future, real estate taxes and homeowners insurance are necessary carrying costs you incur as a homeowner. There are two sides to the coin when electing to have these expenses rolled into your mortgage payment. Here’s what you need to know about mortgage escrow accounts. How Escrow… Read More

Airbnb Wants You to Test-Drive Homes Before You Buy

Airbnb Wants You to Test-Drive Homes Before You Buy

Airbnb Wants You to Test-Drive Homes Before You Buy

In a move that makes house shopping slightly less intimidating for the indecisive consumer, Airbnb and Realtor.com just announced a partnership where prospective homebuyers can try out properties for a bit before deciding to buy them. When you think about it, it’s actually kind of weird that we live in a world where a person will… Read More

Should You Prepay Your Mortgage?

Should You Prepay Your Mortgage?

Should You Prepay Your Mortgage?

Having debt, even “good” debt like a mortgage, can be a major stress in your life. It can be especially frustrating when you see how much of your hard-earned cash is going to pay off interest on your loan and not the home’s principal cost. You could end up paying as much as double your… Read More

Can a Down Payment Be Too Big?

Can a Down Payment Be Too Big?

Can a Down Payment Be Too Big?

Building up savings can feel good. It’s nice to know you are working toward and getting closer to your financial goals, especially when the goal is the biggest financial decision of your life — buying a home. When you are figuring out how much home you can afford, it’s important to look at both the upfront… Read More

Why Refinancing Isn’t As Easy As You Think

Why Refinancing Isn’t As Easy As You Think

Why Refinancing Isn’t As Easy As You Think

Homeowners who haven’t gone touched their mortgage in recent years are often astonished at the amount of paperwork they’ll need in the refinancing process today. If you haven’t refinanced or gotten a mortgage in the past five years, here’s what you need to know to get up to speed. Paperwork to Compile Scrounging up supporting documentation for… Read More

Should You Ever Pay Cash for a Home?

Should You Ever Pay Cash for a Home?

Should You Ever Pay Cash for a Home?

While some of us may be struggling just to afford a down payment, there are people out there who are paying for their homes in full in cash. Finding a great property and forgoing all the bank paperwork and loan repayments may seem like a dream, but it can, in fact, be a mixed blessing…. Read More

How Much Equity Do I Need to Refinance?

How Much Equity Do I Need to Refinance?

How Much Equity Do I Need to Refinance?

When you own a home, you often have a mortgage. But the interest rate you secure when you take out your mortgage doesn’t have to be forever. A refinance can secure you a better rate or different mortgage terms. Figuring out if a refinance is right for you requires the consideration of several factors. These range from… Read More

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