As a homeowner, your goal is to pay off your home loan as soon as possible. But, what if your current loan costs too much? What if you’re struggling with the payments? Refinancing a mortgage loan might give you a new opportunity to reduce your costs. But, is it right for you? Waiting to Refinance…
In 2005, the real estate industry saw record highs for home prices. However, this era quickly came to an abrupt end with the housing market crash of 2007-2008. Rapidly rising home prices caused by demand and speculation is known as a housing bubble. These are usually followed by a sudden plunge in pricing which is…
Your credit score has a large impact on the rates you’ll be offered when applying for a mortgage. Depending on the mortgage loan you want, the minimum credit score may vary. It’s up to the lender to decide what score you’ll need in order to receive the lowest interest rates. Improving your credit score by even a…
The hardest thing that many people face is choosing the best city to buy a home in. People often select more well-known places, but there are plenty of cities you’ve never heard of that might impress you. Whether you’re a veteran or a civilian, the decision to buy a home in a different city shouldn’t…
When it comes to lowering your mortgage, there are two popular solutions to choose from: refinancing and cash-out refinancing. Your home is an investment, so you should get to know the difference between these two types of loans in order to maximize your savings. When to Refinance: Think of refinancing as replacing your existing mortgage with a new one.…
A mortgage is likely the largest loan that a person will take in their lifetime. Since mortgage terms can last up to 30 years, it makes sense to find a mortgage that can be comfortably paid off over that term. If you feel like you have no control over the affordability of your home loan,…
Buying a home can be both exciting and overwhelming at the same time, especially if you’re a first-time home buyer. Keep reading for tips to help make your home buying process go smoothly. Check Your Credit Your credit score is one of the most important factors in securing a home loan. You should check your credit…
Finding and securing an affordable home loan can be overwhelming. Fortunately, the U.S. government has streamlined the process for the brave men and women who have served our country. More than 20 million military families have benefited from the Department of Veterans Affairs mortgage assistance program. You and your loved ones could be next. Keep…
