Category: Mortgage

Refinancing Your Mortgage to Pay Off Your Student Loan Debt

Refinancing Your Mortgage to Pay Off Your Student Loan Debt

Investigating non-traditional approaches to money management can offer you a competitive advantage in today’s financial environment. Refinancing your house is one such tactic to reduce the load of your student loans. Refinancing your house could seem like a good idea, but it might not be the best decision for everyone.

Using a Mortgage Calculator: A Handbook for Streamlining the Purchase of a Home

Using a Mortgage Calculator: A Handbook for Streamlining the Purchase of a Home

Purchasing a home can be a daunting task, especially for first-time buyers. There are many financial aspects that need to be considered such as down payments, mortgage terms, interest rates, property taxes and insurance premiums. On top of this there may be other expenses like land transfer taxes, legal fees, appraisal fees and inspection costs.

Opening the Door to Home Ownership in the Face of Credit Difficulties

Opening the Door to Home Ownership in the Face of Credit Difficulties

Want a house of your own, but can’t afford it? Don’t worry! Some people may think that they cannot own houses, but mortgages can still be obtained with a less than ideal credit score. There’s a way to enter the world of homeownership so don’t let your credit past stop you from achieving it.

Reconsidering Mortgage Refinancing: No Closing Costs, More Considerations

Reconsidering Mortgage Refinancing: No Closing Costs, More Considerations

When it comes to reviewing your mortgage at some point in the future, you may want to reconsider refinancing for a number of reasons. For example, taking advantage of home equity, bundling debt into one payment or enjoying lower interest rates could all be driving motivators.

Unraveling Biweekly Mortgage Payments: A Good Repayment Method for Mortgages

Unraveling Biweekly Mortgage Payments: A Good Repayment Method for Mortgages

Sometimes mortgage lenders make an interesting offer: pay your mortgage every two weeks instead of once a month. The idea is that you’re paying 26 times in a year (52 divided by 2) instead of the usual 24 (12 months times 2). It’s an extra payment annually. This might help you own your home sooner and save tens of thousands in interest over the life of your loan.

Understanding FHA Loans: Your Gateway to Homeownership

Understanding FHA Loans: Your Gateway to Homeownership

A house is a major step, often taking time and much effort. The good news is that there are many ways to achieve this dream in today’s world. One of the most practical methods among these options is an FHA loan. Know about FHA loans? That’s right, you can use an FHA loan instead of a mortgage.