Refinancing? Why Your Bank May Not Be the Best Deal

Mortgages

Refinancing? Why Your Bank May Not Be the Best Deal

Refinancing? Why Your Bank May Not Be the Best Deal

Planning to refinance your house? Figure you’ll make it easy by opting to refinance through your current mortgage holder? If yes, beware of offers too good to be true. Here’s what you need to know about your mortgage holder’s offer. Those who have refinanced or bought a home since 2008 know all too well what… Read More

Am I Too Old to Buy a Home?

Mortgages

Am I Too Old to Buy a Home?

Am I Too Old to Buy a Home?

Like it or not, there are certain things in life that have an age limit. Joining the Army, playing professional football and being a runway model, for example. But what about buying a house? Here’s this week’s reader question: Should I purchase a home if I am over 45 years old? I have never owned… Read More

How to Get a Jump Start on House Hunting Season

Mortgages

How to Get a Jump Start on House Hunting Season

How to Get a Jump Start on House Hunting Season

Depending on the day and location, spring either feels right around the corner or the furthest thing from your current weather. But as temperatures climb, the housing market heats up. If you plan on shopping for a home this spring, take these steps now to be ready to strike when listings hit the market. Get… Read More

Can Your Commute Impact Your Mortgage?

Mortgages

Can Your Commute Impact Your Mortgage?

Can Your Commute Impact Your Mortgage?

It’s the cornerstone cliché of the real estate business: Location, location, location. Most homebuyers make it past the banality to implicitly understand they may pay a premium based on a property’s location. But few prospective borrowers consider a more subtle way location could crimp their budget and possibly their purchasing power – commuting costs. Some… Read More

How to Read a Mortgage Rate Sheet

Mortgages

How to Read a Mortgage Rate Sheet

How to Read a Mortgage Rate Sheet

Mortgage lenders create rate sheets every day. These tables or spreadsheets detail interest rates and costs. Looking at the rate sheets from several lenders can help you when shopping for a mortgage. Here are some tips to help you read a mortgage rate sheet. What It Tells You Most rate sheets start at the same… Read More

How to Master Your Long-Term Debt

Managing Debt

How to Master Your Long-Term Debt

How to Master Your Long-Term Debt

Being in debt can feel like you have a cloud hanging over your head. But there are different kinds of debt. Some debts exist for a relatively short period of time (say less than a year) while other debts can span decades. The most common forms of long-term debt are home mortgages, student loans and… Read More

How to Get a Mortgage Despite a Debt Judgment

Mortgages

How to Get a Mortgage Despite a Debt Judgment

How to Get a Mortgage Despite a Debt Judgment

A judgment is a painful court order to pay a debt, and can arise from a lawsuit, a divorce, business dispute or an array of other possibilities. Judgments are public record. They will appear on your personal credit report and can wreak havoc on your credit scores. They can also hurt your ability to get a… Read More

What Is a Mortgage Tax?

Mortgages

What Is a Mortgage Tax?

What Is a Mortgage Tax?

When you buy a home, you enter into a new world with its own language. The language of real estate can be scary, but not if you do some research. One of the things you will notice is a number of fees and taxes you have probably never heard of before. One of these is… Read More

Should I Close My Credit Card to Get a Mortgage?

Credit Score

Should I Close My Credit Card to Get a Mortgage?

Should I Close My Credit Card to Get a Mortgage?

There was a time that you could qualify for a mortgage with just a decent credit score and a self-reported, unverified source of  income. Since the housing crisis, banks are now double-checking everything and only giving the best rates to those with the highest credit scores. So now more than ever, credit card users need… Read More

The Worst Things You Can Do Before Buying a Home

Mortgages

The Worst Things You Can Do Before Buying a Home

The Worst Things You Can Do Before Buying a Home

Cynics may scoff, but getting under contract on the right home can turn even the most stoic shopper into a bit of a dreamer. From paint colors to planting a garden, picturing yourself in that property is critical for many buyers. But leave a little room for pragmatism. Remember that getting pre-approved for a mortgage… Read More

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