How to Save Money for a House
When buying a house, a buyer is probably making the biggest investment of his or her life and must know how to come up with a serious down payment. On top of that, most buyers will need to spend a substantial amount of money moving and preparing the new house. Sadly, many potential […]
How to Prepare for Refinancing Your Home Mortgage
With mortgage rates still at near record low levels, if you purchased a home or refinanced a few years ago when rates were significantly higher, you may be inclined to try to refinance that mortgage. Refinancing can certainly make sense when rates are low, but it isn’t a slam dunk and it may not even […]
Factor In Closing Costs When Buying a Home
Buying a home is usually one of the biggest financial decisions you’ll make in your lifetime, but what many new homebuyers overlook are closing costs. Closing costs are funds, in addition to a loan down payment, paid at settlement. Closing costs vary, but cash transactions will have fewer costs than financed purchases. Although many of […]
How To Pay for Closing Costs on Your New Home
Buying a home can be a good financial move, but it is costly. And if you don’t make the right decisions before closing you could be costing yourself thousands. If you are in the process of buying a house or another piece of real estate, you may be required to pay some closing costs to […]
Mortgage Rates Are Low, But It May Still Cost You
The news keeps talking about mortgage rates that continue to fall to almost unheard of low levels. We’re talking about 30-year fixed rate mortgages hovering just over 5%, and 15-year rates under 5% right now. These rates are sharply lower than just a few years ago. But just how much can you save with a […]
What to Do When You Are Turned Down for a Mortgage
If you are interested in buying real estate but had your application for a home loan rejected, you have options. Plenty of them. Of course you can ask the lending institution why they put the kibosh on your application but they wonât likely tell you the complete story because they are afraid youâll sue them. […]
What is Private Mortgage Insurance (PMI) and How Do You Eliminate it?
Buying a home is a major financial decision and one of the most important ones most people will make. Finding a home to purchase is really only the beginning. Unless the buyer has a lot of cash on hand or a lot of liquid assets, they will have to take out a loan and find […]
Should You Refinance Your Mortgage? Rates Are Low, But It Is Still a Tough Decision
Record Low Mortgage Rates Make Refinancing Attractive Mortgage rates continue to fall to almost unheard of levels. We’re talking about 30-year fixed rate mortgages hovering under 5%, and 15-year rates at just 4%. These rates are sharply lower than just a few years ago. But just how much can you save with a lower mortgage […]
