A mortgage application is typically several pages in length, and it requires you to provide a considerable amount of information about your personal, professional and financial life. Some mortgage applicants may not have access to all of the information when...
Home Mortgage Tips
3 Easy Ways to Put Aside a Bit of Extra Cash So You Can Pay off Your Mortgage Faster
If your personal budget is similar to many other people's budgets, your home mortgage payment is by far the largest expense that you pay for each month. In fact, this payment may easily account for 20 or 25 percent or more of your take-home income. Understandably, you...
Missed a Mortgage Payment? How to Ensure It Doesn’t Affect Your Credit Score
If you pay attention to your credit rating, you may be well aware that a single late payment reflected on your credit report can result in a decline in your scores. In some cases, the decline can be rather significant, and you will have to work hard to make regular...
It Is Tax Time Again Learn About Tax Deductions and How to Write off Your Home Mortgage Interest
Much to the frustration of taxpayers all over the country, the tax-filing season begins in January and runs through April 15 of each year. The year 2020 brought us many changes, including an extension on filing taxes. Taxes this year are due on July 15th. Are you...
Managing Finances Before Applying For A Mortgage
Are you planning on using a mortgage to help cover the cost of a new home? If so, you will want to prepare your finances and figure out how you will manage all those wallet-draining monthly expenses. Let's take a look at how to run a quick financial health check to...
5 Key Tips To Prepare For A Quick Mortgage Approval
Whether you're finally prepared to get into the real estate market or you want to know how you can make a deal quick, there are a few necessary documents you'll need to prove your reliability to a mortgage lender. Here are the documents you'll want to have on hand...
You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?
For many homeowners, their mortgage payment contains more than just principal and interest. A little something called PMI could be representing a significant portion of that payment, and it's important for home buyers to understand this cost. What Is PMI? PMI stands...
What Is Mortgage Insurance and How Does It Benefit Me? Let’s Take a Look
Are you in the market for a new home? If you are considering a mortgage, you may be curious about mortgage insurance, commonly referred to as PMI or MI. Let's explore the topic of mortgage insurance, including how it works to reduce risk and how it benefits you as the...
Current Servicemember or Veteran? 4 Reasons Why a VA Home Loan Is an Excellent Choice
Are you current or former member of the US military service who is looking to buy a new home? If so, you will be pleased to know that there are some special mortgage programs that are open to you. Let's take a look at five reasons why a mortgage backed by the...
The 4-Step Financial Checkup to Get Ready for a Mortgage This Year
Are you ready to join the ranks of homeowners in our local community? Congratulations – homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the...