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Mortgage

How Much House Can You Afford?
2 months ago

How Much House Can You Afford?

If there’s one thing that first-time home buyers are always asking their mortgage broker, it’s this question: “How much house can we afford?”

And while, in theory, it would be …
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4 Mortgages that Require Little to no Down Payment
9 months ago

4 Mortgages that Require Little to no Down Payment

At long last, you have arrived at a time in your life when home buying is the logical next step. Furnishing your new home with furniture, décor and appliances can …
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The Return of the Subprime Mortgage: What You Need to Know
9 months ago

The Return of the Subprime Mortgage: What You Need to Know

Subprime mortgages disappeared shortly after the Great Recession started in late 2007, largely because they were blamed for the downturn’s wide-reaching impact. Now, subprime mortgages are returning, although some …
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Should You Purchase a Home With Less than 20% Down?
11 months ago

Should You Purchase a Home With Less than 20% Down?

Conventional wisdom states everyone should aim to put a 20 percent down payment on a house. There are plenty of good reasons for paying at least 20 percent, but …
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Pros and Cons of Online-Only Mortgages
11 months ago

Pros and Cons of Online-Only Mortgages

Many folks appreciate the ease and convenience of online banking accounts, so it is only natural to wonder about the pros and cons of online-only mortgages. In general, the …
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What Happens to Your Mortgage When You get Divorced
1 year ago

What Happens to Your Mortgage When You get Divorced

Divorce robs you of more than your spouse, a fact that becomes clear when you are in the midst of the unpleasant legal process. You are forced to negotiate financial details …
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3 Simple Ways to Tell if You are Buying a Money Pit
1 year ago

3 Simple Ways to Tell if You are Buying a Money Pit

Buying a home is exciting, but there’s always a chance you’re getting in over your head. Plenty of people think they’re getting great deals, only to discover that they have …
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Should You Take on a Mortgage While You Still Have Student Loan Debt?
1 year ago

Should You Take on a Mortgage While You Still Have Student Loan Debt?

You borrowed money to go to school in order to build the foundation of a successful and fulfilled life. Now that you’ve achieved your educational goals, you may feel ready …
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4 Times it is Smart to go Into Debt
1 year ago

4 Times it is Smart to go Into Debt

Going into debt is usually a bad idea, but in certain cases, going into debt is a sound financial decision that can help you achieve key goals in life. Here …
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When is it too Soon to Buy a Home?
1 year ago

When is it too Soon to Buy a Home?

Buying a home is a major goal for many people, especially as they progress through adulthood. There is no doubt that owning a home provides a host of financial benefits …
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Can HARP Help You Refinance Your Mortgage?
1 year ago

Can HARP Help You Refinance Your Mortgage?

The Home Affordable Refinance Program (HARP) was created to help homeowners affected by falling property values caused by the 2008 housing bubble. HARP could be a good option for refinancing …
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When is Refinancing the Wrong Move?
1 year ago

When is Refinancing the Wrong Move?

When home mortgage interest rates dip significantly lower than what they were when you first purchased your home, it may make sense to refinance your mortgage in order to secure …
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If You are Going to Refinance, do it Now
1 year ago

If You are Going to Refinance, do it Now

You may have noticed recent news stories about the Federal Reserve raising interest rates slightly, after several years of keeping them at historic low levels. This interest rate increase is …
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The Difference Between Consolidating and Refinancing Loans
1 year ago

The Difference Between Consolidating and Refinancing Loans

The world of finance can be a tough landscape to navigate if you don’t have a strong understanding of all the terminology. For example, many often confuse debt consolidation and …
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What to do When You Inherit a Mortgage
1 year ago

What to do When You Inherit a Mortgage

Inheriting a home is often a blessing, but it can also be confusing or feel like a burden. If you’ve received property that carries a mortgage, you may be unsure …
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3 Money Moves to Make in the Last Quarter of the Year
2 years ago

3 Money Moves to Make in the Last Quarter of the Year

The last quarter of 2015 is a great time to review your finances, so you can ensure you’re on track for your annual tax return and look at your financial …
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3 Mistakes People Make When Refinancing
2 years ago

3 Mistakes People Make When Refinancing

You want to refinance. Perhaps interest rates have plunged, your credit score has grown much healthier, or you prefer a different type of mortgage. Whatever the reason for your refinance, …
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3 Payment Options That Make Homeownership Cheaper
2 years ago

3 Payment Options That Make Homeownership Cheaper

Buying a house is expensive. There’s no way around that. How you repay your mortgage, however, can significantly affect the amount of money you spend on your home.

According to …
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Why Owner Financing is so Rare in Homeownership
2 years ago

Why Owner Financing is so Rare in Homeownership

When you’re buying a home, going through a bank or credit union is usually a necessary evil. In rare cases, you might qualify for owner financing, where you make your …
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5 Ways to Buy a Home With Little or No Down Payment
2 years ago

5 Ways to Buy a Home With Little or No Down Payment

The conventional wisdom that you should save at least 20 percent of a home’s purchase price for a down payment is generally good advice. However, even with no down payment, …
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5 Things Home Buyers Wish They Had Done
2 years ago

5 Things Home Buyers Wish They Had Done

Buying a home can be one of the most incredible experiences of your life, but it’s probably also one of the most stressful. You may find yourself rushing, fretting and …
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Top 5 Ways Veterans Can Save With Military Benefits
2 years ago

Top 5 Ways Veterans Can Save With Military Benefits

The United States is grateful for the contributions of its military veterans, and a wide assortment of public and private benefits exist to express this gratitude. If you’re a veteran, …
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What Is a Reverse Mortgage?
2 years ago

What Is a Reverse Mortgage?

A reverse mortgage is a type of home loan that doesn’t require any payments until after you die, as long as you continue living in your home. If you move …
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What Are the Worst Financial Habits Most People Have?
2 years ago

What Are the Worst Financial Habits Most People Have?

One of the best ways to improve your financial fitness is to cultivate good habits. With 60 percent of Americans experiencing some sort of financial shock in 2014 alone, it’s …
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Best Price-Negotiating Strategies for Homebuyers
2 years ago

Best Price-Negotiating Strategies for Homebuyers

Purchasing a home is probably the biggest investment you’ll ever make. The more you can drop the asking price for that home, the lower your monthly mortgage payments will be. …
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Credit Card Mistakes That Keep You From Getting a Mortgage
2 years ago

Credit Card Mistakes That Keep You From Getting a Mortgage

It doesn’t matter if you found the house of your dreams if you can’t nab the mortgage loan needed to buy it. Unfortunately, credit card mistakes can often lead to …
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4 Mistakes People Make When Refinancing
2 years ago

4 Mistakes People Make When Refinancing

For most people, their mortgage is their biggest investment. This is the main reason it’s so important to do things right when it comes to refinancing your mortgage. A few …
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4 Tips for Finding Your First Investment Property
2 years ago

4 Tips for Finding Your First Investment Property

Investing in rental property is just like making any other type of investment. If you want to make money, the key is to reduce your risks and increase any returns. …
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How to Get a Home Loan Without Great Credit
2 years ago

How to Get a Home Loan Without Great Credit

If you’re looking to obtain a home loan but your credit score is lower than you, or most lenders, would like, that doesn’t mean you have to forgo your dreams …
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How to Make a Financial Bucket List
2 years ago

How to Make a Financial Bucket List

Creating a bucket list is all about refining your goals and striving to achieve the things that are truly important to you. A financial bucket list is no different. All …
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What Is an FHA Loan?
2 years ago

What Is an FHA Loan?

An FHA loan is a type of mortgage loan that is backed by insurance from a government agency called the Federal Housing Administration. The biggest advantage of this type of …
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4 Myths About Interest Rates We Shouldn’t Believe
2 years ago

4 Myths About Interest Rates We Shouldn’t Believe

For many people looking for a loan, interest rates are at the forefront of their minds. Unfortunately, not everyone has all the correct information necessary to make an educated decision …
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When is Paying off Your Mortgage Early a Smart Move?
2 years ago

When is Paying off Your Mortgage Early a Smart Move?

Financial experts don’t always agree on whether homeowners should pay off their mortgage early. That’s because it’s not always a smart move. Still, there are cases in which paying off …
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5 Questions to Ask When Deciding Between Renting and Buying
2 years ago

5 Questions to Ask When Deciding Between Renting and Buying

If you ask a real estate professional, “should I rent or buy?” the answer is likely to be “it depends.” It depends on your financial circumstances, how long you intend …
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4 Signs It Is Time to Refinance Your Mortgage
2 years ago

4 Signs It Is Time to Refinance Your Mortgage

When you first sign up for a mortgage, you agree to certain terms that can last between 15 and 30 years. Most people assume that those terms are set in …
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3 Lies We’ve Been Told About Mortgages
3 years ago

3 Lies We’ve Been Told About Mortgages

Taking on a mortgage is a big step for anyone. It’s probably the biggest purchase you will ever make in your life, so it’s good to have the facts straight …
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When Renting Is A Smarter Financial Option
3 years ago

When Renting Is A Smarter Financial Option

Get married, buy a house, and have children has been the long-standing definition of the “American Dream,” at least that’s what mom and dad always told us. I was always …
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When Should You Check Your Credit Before Buying a Home?
3 years ago

When Should You Check Your Credit Before Buying a Home?

Many first time home buyers are not fully prepared when they start looking for their first home. One of the major mistakes they make is not knowing what their credit score …
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Hidden Costs of Getting a Mortgage
3 years ago

Hidden Costs of Getting a Mortgage

You put an offer on a home. The offer is accepted. Then, all of sudden, you get hit with thousands of dollars of fees and expenses that you weren’t expecting …
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How to Qualify for the Lowest Mortgage Rates
3 years ago

How to Qualify for the Lowest Mortgage Rates

It’s extremely hard to get a mortgage without maintaining a good credit score. However, even without a spotless payment history, there are creative methods to get the lowest possible interest …
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Downpayment Options for First-Time Home Buyers
3 years ago

Downpayment Options for First-Time Home Buyers

Are you considering purchasing a home? The downpayment on a first home is usually the biggest obstacle for homebuyers due to the fact that it is difficult to come up …
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What Are Reverse Mortgages? Should I Get One?
3 years ago

What Are Reverse Mortgages? Should I Get One?

The most simplified explanation of a reverse mortgage is that it is a loan for people 62 years of age or older that uses the equity in their home as …
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4 Mistakes to Avoid When Refinancing Your Mortgage
3 years ago

4 Mistakes to Avoid When Refinancing Your Mortgage

Refinancing a mortgage is exciting and a great idea, right? It can lower the interest rate and drop the loan term down a few years, even possibly by a whole …
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Tax Return Spending that Pays off
3 years ago

Tax Return Spending that Pays off

According to the IRS, the average tax return will be around $2,755, with more than 74% of Americans receiving money back this year. As tempting as it is to blow your …
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Top 5 Personal Finance Books
3 years ago

Top 5 Personal Finance Books

This list of the top five personal finance books offers a wide range of viewpoints, where they discuss many aspects to life but with a money focus. The books provide advice …
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Are Subprime Home Loans Back?
3 years ago

Are Subprime Home Loans Back?

Recently, Wells Fargo Bank announced that it’s going to start allowing subprime loans again. Since Wells Fargo is the largest mortgage lender in the U.S., analysts concur that the move …
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What Kind of Loan Should a First-Time Home Buyer Get?
3 years ago

What Kind of Loan Should a First-Time Home Buyer Get?

You’ve watched the market closely, and you’ve finally decided to take advantage of the low interest rates and purchase your own home. If you have, then you’ll need to know …
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What is the Worst Kind of Debt to Carry?
3 years ago

What is the Worst Kind of Debt to Carry?

Is there a good type of debt? What most people think when they see any type of debt is a big, red X. They think that all debt is bad. …
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Top 3 Mortgage Myths

There is a lot of misinformation about mortgages floating around. When people are ready to buy a home, it’s important for them to educate themselves in order to separate fact …
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Top 5 Mistakes New Homebuyers Make
3 years ago

Top 5 Mistakes New Homebuyers Make

If you’re looking to buy a new home, you’re not alone. During the last couple of years, home sales in the U.S. have averaged just below the five million mark, …
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4 Alternatives to Traditional Savings Accounts
3 years ago

4 Alternatives to Traditional Savings Accounts

Savings accounts used to be a pretty good place to stash your money; a few decades ago, it was not unusual to see double-digit interest rates offered on simple savings …
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When Is the Best Time to Refinance Your Mortgage?
3 years ago

When Is the Best Time to Refinance Your Mortgage?

Mortgage refinancing is big news these days. Hardly a day goes by when we don’t see a TV or Internet ad about the financial benefits we can gain by refinancing …
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Best Ways to Save Before the Holidays
3 years ago

Best Ways to Save Before the Holidays

As the holiday season approaches, so too comes the many extra holiday expenses that can bust your budget.  From gifts to feasts, from shipping to travel expenses, the costs can …
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Do Lenders Think You Can Afford a House? How Lenders Rate You
3 years ago

Do Lenders Think You Can Afford a House? How Lenders Rate You

When purchasing a home becomes your goal, one of the first things you need to consider is how much of a loan you can afford. This decision has two main …
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Will the Government Shutdown Affect Interest Rates?
4 years ago

Will the Government Shutdown Affect Interest Rates?

With no end in sight for the government shutdown, we need to start taking a look at how this shutdown could affect the economy, and more importantly, how it will …
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The Future of Mortgage Interest Rates
4 years ago

The Future of Mortgage Interest Rates

By Gina Pogol, Lending Tree

Nothing lasts forever, and that includes historically low mortgage rates. Interest rates have been on an upward trajectory since May 2013. The question is how …
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What to Look for in a Home Insurance Policy
4 years ago

What to Look for in a Home Insurance Policy

If you are serious about buying a home, you should start thinking about homeowner’s insurance. Home insurance will protect your home if disaster strikes. Unfortunately, many first time home buyers …
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Top 5 Reasons to Refinance Your Home
4 years ago

Top 5 Reasons to Refinance Your Home

There are myriad reasons why different people refinance their homes. Refinancing your home for the right reasons has the potential of guaranteeing you significant savings. In fact, any time …
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5 Tips to Get a Good Mortgage Deal
4 years ago

5 Tips to Get a Good Mortgage Deal

Whether it is for refinancing or a new home, now is the perfect time to apply for a mortgage. Some analysts claim that lenders are not making new loans. The …
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