You have seen the news and read it over and over. Mortgage rates are at all time lows. There are times when you should refinance, and if your loan meets the criteria, now may be the right time. However, there are other times when it looks appealing but it is better to just keep making…
When it comes to shopping for a house, there are a lot of things to watch out for. While many people are focused on making sure to get the best deal on their mortgage, or making sure there are no major problems with the house they are purchasing, they often overlook some of the finer…
One of the goals of most financially savvy adults is to operate without any debt. While it is easy to avoid certain types of debt, such as credit card debt; debts such as mortgages and student loans are somewhat necessary to get a boost. While getting rid of your mortgage will cause you to lose…
Shopping for a new home is one of the most exciting projects you and your family can undertake. With every house you tour, you find yourself imagining what life would be like if that were your new home. Unfortunately, the excitement you feel while looking for your next home can lead you to make some…
If you’re looking for a mortgage, you’re probably overwhelmed by the complexity and the variety of the lending system. The process can be overwhelming, but it shouldn’t have to be. Use this article as a guide to help you pick the mortgage that’s right for you: Open versus Closed Mortgages Open-end mortgages are the more…
Most people understand that a mortgage is a loan from a bank (or other lending institution) in exchange for property. The actual processes of the home loan are quite a bit more complex than that. In fact, even paying back the loan is a little more complex than when paying off other types of loans. …
Part of the American Dream is to own a home. Many people strive to do so, and yet quite a few never actually own their home outright. They end up carrying a mortgage the entire time. Often it is because they move, and upgrade to a more expensive house. Or they simply have chosen the…