Once you secure your mortgage, your relationship with your lender is far from over. In fact, it’s just starting. This is why it’s important to choose a lender that you trust and that you work well with because you could be dealing with them for another 30 years.Compare Offers from Several Mortgage Lenders.What happens if your mortgage lender gives you the runaround? It … [Read more...] about The Top Ways to Avoid Mortgage Lender Runaround
Consumer Mortgage Tips
You took out a 30-year loan because it seemed like a good idea at the time. You wanted to keep your monthly payments as small as possible. That’s what many new homeowners do, especially if they’ve never had a mortgage before.Get Matched with a Lender, Click Here.Now that you are established in the home and have a grasp on your financial future, you want to know how you … [Read more...] about How to Pay Off Your 30-Year Mortgage Faster
Home equity loans are making a comeback as home values rise again. This time around, though, lenders have stricter requirements. You’ll find that you have to verify your income and assets much more thoroughly than in the past.Compare Offers from Several Mortgage Lenders.This doesn’t mean a HELOC is hard to come by, though. Before you jump on board, consider the … [Read more...] about The Biggest Mistakes To Avoid with Home Equity Loans
You are going through a divorce and now you want to buy out your ex-spouse. Unless you have a lot of cash lying around, you’ll probably need a loan to do so. You have two options if you plan to use the home’s equity – a cash out refinance or a line of credit.Compare Offers from Several Mortgage Lenders. How the Cash Out Refinance Works A cash-out refinance is a little … [Read more...] about How to Successfully Buy Out Home Equity in a Divorce
If you buy a home that you do not intend to live in, it is not your primary residence. But that doesn’t automatically mate it a second home either, as many people mistakenly think it’s called. If you aren’t living in the home, it could be one of the two things – either a second or investment property. They both have differences, so understanding them can help you use the right … [Read more...] about What is Considered a Second Home?