5 Tips to Shopping for a Mortgage
Shopping for a mortgage should be just as important as shopping for a home but sadly, many homebuyers miss this crucial step. They simply go with either their bank, credit union, or Joe blow that someone has recommended. But that might not be the best lender for their needs. If you’re currently looking for a…
How to Prepare Your Finances for a Mortgage
Preparing to buy a house may be one of the most exciting and scariest moves you’ll make your whole life aside from having kids or getting married. This is a major undertaking but too many people are so afraid of it that they never end up doing it. This is a great step to take…
Lennar Homebuilder to Pay Student Loans?
Looking for a new home loan that will also pay student loans? America’s homebuilder Lennar is offering a new mortgage option specifically for millennial’s. This alone is designed to make home buying a reality for many millennial’s who may be stuck with so much student loan debt that they can afford a down payment. Eagle…
Going Through Divorce? Consider These Three Mortgage Issues
There are many things to consider about your current or desired mortgage when going through a divorce but the main three are probably: credit, income, and equity or down payment. Let’s take a look at why these are the main three things to consider when it comes to mortgages and divorce. Credit: How good is your credit?…
Home Buying: Cash or Mortgage?
Cash it may be king when it comes to real estate but are there times where you might want to get a mortgage instead? The real estate industry is quite volatile right now; home prices are up, inventory is down, and rates are slowly creeping upwards. Buyers might be scrambling to find a home, and…
Is a Loan Modification My Best Option?
A loan modification might be a good option for homeowners struggling to pay their mortgage each month but still want to keep the home. Loan modifications typically start out at a fixed rate of interest for the first five years and then convert to an adjustable rate mortgage or the homeowner can refinance. This is really…