The 10-year fixed-rate mortgage is all for low rates and a faster approach to mortgage repayment. If your goal is to accumulate equity faster and eliminate your mortgage debt sooner, this could be the home loan for you. Interestingly, the 10-year FRM has charmed refinancers more than purchasers. Are you and the 10-year FRM a match? Get matched with a lender here!» 10-Year … [Read more...] about Who’s Interested in a 10-Year Fixed-Rate Mortgage?
Many buyers push for the purchase of a home that they were never really sure of just because they were afraid of upsetting other parties involved in the sale. Similarly, there are sellers who reluctantly said yes to a deal they weren’t comfortable of. If you feel like you are about to make one of these decisions in the future, know that indeed, it is possible to back out from a … [Read more...] about Backing Out of a Real Estate Deal
Arguably, the biggest threat to homeownership is not the down payment or the mortgage rate. It is oftentimes the lack of knowledge and patience on the part of would-be homebuyers to seek out not just the perfect home but the right mortgage that goes along with it. These homebuyers’ mistakes, albeit common enough, only add to the costs of homeownership, something that you should … [Read more...] about Buyer Beware: Don’t Make These Homebuyers’ Mistakes
It’s just February but the mortgage industry has witnessed major developments under the current administration. Whether it’d be the reversal of the FHA mortgage insurance cut, the plan to overhaul a financial reform act, or the current trend of mortgage rates.These three have been major enough to warrant news coverage and merit consideration from homebuyers and refinancers … [Read more...] about A Recap of 3 Major Developments in the Mortgage Industry
Aside from the complex emotions and legalities involved in a divorce, there’s the couple’s financial situation to think of. Dividing property and debts, e.g. your house, is a point of contention in itself. How do you break up your mortgage after your marriage is over? You can look into these options to guide your decision on dealing with your mortgage affairs after the … [Read more...] about Divorce Happens But What About Your Mortgage?