These days mortgages often give you the option to overpay. This means that you pay more than the monthly amount in order to pay it off early. This can help to save you a lot of money in the long term, because you get the full amount paid off more quickly. There is often a [...]
Archive for the ‘Mortgage’ Category
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Don’t Cheat The Mortgage Calculator!
admin When you’re trying to get into a home, you might have a lot of pressure on you. There are a lot of people that feel like it’s a serious sign of failure if they don’t get into the house that they first laid eyes on and bragged to everyone about finding. However, this is a [...]
Is It Time to Shorten Your Mortgage?
admin If you’re thinking about joining the movement of mortgage-burning, you’re definitely in good company. No, no, it’s not some crazy revolution that will topple governments or anything like that. It’s just a movement where homeowners are thinking about actually shortening their mortgages. This is different than the traditional advice to actually make sure that you [...]
When Will Lenders Allow a Mortgage Modification?
admin There are different qualifying criteria for the many loan modifications available to borrowers today. Some of the standard requirements include that you be an owner occupant of the property, that the property be a 1 to 4 unit property, and that your mortgage payment must exceed 31% of your gross monthly income before taxes among [...]
Make An Extra Payment On Your Mortgage To Lock in Thousands in Savings
admin We know that around the last quarter of the year is not the time that you normally think about making extra payments on your mortgage, but it can really pay off. The truth of the matter is that you just need to think things through as they relate to your overall financial situation. If you [...]
Common Indexes Used in Adjustable Rate Mortgages
admin For some, an adjustable rate mortgage is just something that they would never pursue. They’ve heard too many horror stories, and they know far too many people that were just fine until the mortgage adjusted. However, if you dream about the biggest home that you can get into and you really have a stable (and [...]
Retirement Accounts and Your Mortgage – Maybe Not a Match in Heaven After All!
admin The idea of tapping your retirement account to pay for your mortgage might sound silly to some, but it’s a trend that’s growing as people realize that their mortgage might not be as pleasant as it was when they first got the home. Times have changed — people are realizing that now it’s time to [...]
Ready to Use Automatic Debit to Pay Your Mortgage – Read This First!
admin Are you really ready to start paying your bills directly through your checking account? If that’s the case, you definitely want to make sure that you are always able to get the best terms possible in your favor. In other words, if you really want to make sure that you can pay your bills through [...]
Yes, It’s a Great Idea to Turn to a Mortgage Calculator
admin A mortgage calculator is a beautiful thing. Of course, you might think that we’re just being over the top. On the contrary, you future homeowner you — using a mortgage calculator might be the smartest thing that you’ve ever done, right up there with deciding to ditch those rent payments and invest in your family’s [...]
What is a Two-Step Mortgage?
admin When you’re looking around for mortgages, it definitely helps to have an idea of all of your options. If you think that your only option is a fixed rate mortgage, you might want to think about. Now, a lot of people are fans of fixed-rate mortgages, and that’s great. However, we like to look at [...]