Home Financing
Sunday Morning Tip for July 14: Want to Remodel Your Home? 3 Tips for Finding the Financing to Make It Happen
At some point, you may find that the home that seemed perfect many years ago simply doesn’t meet your needs anymore. Therefore, it may be necessary to spend money upgrading the kitchen, finishing the basement or adding a garage.
How a 203(k) Will Help You Make Your Home Perfect
Tweet You have found the perfect house. Well, in reality, it needs quite a bit of work. The kitchen, for example, is stuck in 1986. But in your mind, it
Home Improvement Made Convenient With the Home Equity Credit Line
Tweet There are times when you are looking to do some home improvements but funds seem a little stretched out. Well did you know that your home can actually finance
4 Tips for Finding the Right Home Loan
Tweet Purchasing a home can be an exciting and fun experience. However, finding the ideal property is just one of several steps in the process. Understanding the various home financing
Invest in Your Home: 4 Ways to Fund Your Major Home Renovations
Tweet The problem that most homeowners face when it comes to performing renovations, especially major ones, is the cost of those renovations. Some homeowners relent on improving their figurative castle
Advantages and Disadvantages of a Rent to Own Mortgage
So you have been working at a stable job for a few years and now you saved up some money for a home. You still don’t have enough for a down payment but you’re considering renting to own.
Using a Reverse Mortgage to Improve Your Home
As a home owner, there are plenty of things you can do with your home’s equity. And depending on how much you have, you can tap into this equity without selling the home, and receive cash for just about any purpose.
Documents to Gather For Refinancing Your Home
It is time to refinance your home, what will allow you to lock in a lower rate or opt for a variable interest rate loan that could save you money. Or, you may be looking at the equity in your home and have decided to tap it to make repairs, finish a room, or pay down your debt.
Prepay Your Mortgage and Own Your Home Sooner
Tweet A mortgage means that someone else has a stake in your home with you holding the remaining stake. You’re only a partial homeowner until that mortgage is paid off,
What You Need to Know About Zero Down Payment Loans
Tweet Prior to the Great Recession zero down payment home loans or mortgages were available, what helped many consumers attain homeownership, people who would might otherwise have been shut out
Renovation Loan? Fix Your Credit Score First.
Tweet That three-digit score is used by lenders to help determine whether you’ll qualify for a renovation loan and for what terms, namely at what interest rate. A low credit
Consumer Satisfaction With Mortgage Lenders Continues to Rise
Tweet A recently released J.D. Power 2013 U.S. Primary Mortgage Origination Satisfaction Study reveals that first-time homeowners are increasingly satisfied with their experience. JD Power scored lenders based on a
Home Renovation Mortgage Considerations
Tweet HomePath Financing Qualifications To qualify for HomePath financing, you must shop for Fannie Mae-owned properties. If you qualify you’ll be entitled to a low down payment, avoid mortgage insurance,
How to Get Ready to Jump Back in to the Real Estate Market
Tweet Whether you plan to buy or sell a home, the following advice can help you to get ready. Review Your Credit If you plan to buy a home, your
How to Get Out of Home Refinancing Debt
Tweet What isn’t so satisfying is the bill for the work. You refinanced your home to pay for the project and are now left with a much higher monthly mortgage
Cautions About Taking a Reverse Mortgage
Tweet It may be so important that people that are aged 62 and older, and qualify for such loans may be placing themselves in financial jeopardy without fully understanding what
Why Getting a Second Mortgage is More Difficult
You have owned your home for several years and have seen it appreciate in value. After five or more years of mortgage payments, you’ve also seen your mortgage pay off amount drop.
What is a Mortgage Hardship Program?
If you are finding it difficult to make your mortgage payments, you may qualify for a mortgage hardship program from your lender.
How to Shop for a Mortgage
The mortgage market is more complex than it was before the last recession hit, making it more difficult for consumers to obtain financing.
What Are My Mortgage Options?
If you are in the market for a home, your mortgage options go beyond the traditional 30-year mortgage. Fixed rate, variable interest rate and balloon mortgages are available today, with each one offering advantages and disadvantages that consumers should be aware of.
