Interest rates are still at extremely low levels, and while that’s bad for savers, individuals looking to borrow money are finding that the costs of doing so continue to be relatively affordable. Loans for new cars and other types of consumer products have certainly become more affordable due to these low interest rate conditions. But there’s perhaps nothing that has received a greater benefit than the home mortgage market.
Low rates on new and refinance home loans continue to be extremely attractive. But the choice of whether or not to refinance your existing mortgage is not necessarily an easy one.
... Articles Tagged ‘mortgage advice’
Should You Refinance Your Mortgage?
Interest rates are still at extremely low levels, and while that’s bad for savers, individuals looking to borrow money are finding that the costs of doing so continue to be relatively affordable. Loans for new cars and other types of consumer products have certainly become more affordable due to these low interest rate conditions. But there’s perhaps nothing that has received a greater benefit than the home mortgage market.
Low rates on new and refinance home loans continue to be extremely attractive. But the choice of whether or not to refinance your existing mortgage is not necessarily an easy one.
...
Wednesday, January 14th, 2015
Interest rates are still at extremely low levels, and while that’s bad for savers, individuals looking to borrow money are finding that the costs of doing so continue to be relatively affordable. Loans for new cars and other types of consumer products have certainly become more affordable due to these low interest rate conditions. But there’s perhaps nothing that has received a greater benefit than the home mortgage market.
Low rates on new and refinance home loans continue to be extremely attractive. But the choice of whether or not to refinance your existing mortgage is not necessarily an easy one.
... What to Expect At Mortgage Closing Day for Your Home
Buying a home is the biggest single financial transaction that most people will make over the course of their lives. Even if you’ve never gone through the process before, many of the steps are going to make sense right away; you figure out how much you can afford, look for homes in your price range and negotiate an acceptable price with the seller.
But what should you expect on the “closing day” – the day on which the home actually becomes yours and you put yourself on the hook for your mortgage? While the closing process isn’t particularly complicated it...
Friday, August 3rd, 2012
Buying a home is the biggest single financial transaction that most people will make over the course of their lives. Even if you’ve never gone through the process before, many of the steps are going to make sense right away; you figure out how much you can afford, look for homes in your price range and negotiate an acceptable price with the seller.
But what should you expect on the “closing day” – the day on which the home actually becomes yours and you put yourself on the hook for your mortgage? While the closing process isn’t particularly complicated it... Advice on How to Manage Your Mortgage
Your home is likely to be the most valuable and important thing you own. Your home provides you with shelter, security and a place to raise your family. When we think of managing a home, we usually think about maintenance and upkeep, cleaning, and making sure the utility bills get paid on time. But it's also important that we devote the same level of attention to managing our mortgages.
The proper way to manage a mortgage will depend a great deal on how big your mortgage is, your other financial obligations, and your overall financial situation.
Here is some mortgage...
Wednesday, June 20th, 2012
Your home is likely to be the most valuable and important thing you own. Your home provides you with shelter, security and a place to raise your family. When we think of managing a home, we usually think about maintenance and upkeep, cleaning, and making sure the utility bills get paid on time. But it's also important that we devote the same level of attention to managing our mortgages.
The proper way to manage a mortgage will depend a great deal on how big your mortgage is, your other financial obligations, and your overall financial situation.
Here is some mortgage... 5 Major Mortgage Mistakes to Avoid
Buying a home remains one of the largest financial transactions that anyone will make in their life. We often tend to pay a significant amount of attention to negotiating the best possible home price, but we don’t always pay enough attention to the terms of the mortgage that we get to actually buy the home.
The mortgage process itself can be a little stressful, even under the best of circumstances. In order to make sure that the process goes as smoothly as possible, and that you wind up with the best deal for your budget there are several mistakes that...
Thursday, May 17th, 2012
Buying a home remains one of the largest financial transactions that anyone will make in their life. We often tend to pay a significant amount of attention to negotiating the best possible home price, but we don’t always pay enough attention to the terms of the mortgage that we get to actually buy the home.
The mortgage process itself can be a little stressful, even under the best of circumstances. In order to make sure that the process goes as smoothly as possible, and that you wind up with the best deal for your budget there are several mistakes that... Borrowing Advice on How Much House Can You Afford
One of the first steps in buying a new home is to figure out your price range. Unless you know how much house you can afford, you won’t know which homes to look at or consider. Because buying a home is such a large transaction, it’s important to have the good idea of what’s an appropriate price range for you.
Calculating home affordability takes into account a number of different factors relating to your personal finances. You’ll need to consider not only your income, but also your other expenses and financial obligations. You also need to consider whether you...
Thursday, April 5th, 2012
One of the first steps in buying a new home is to figure out your price range. Unless you know how much house you can afford, you won’t know which homes to look at or consider. Because buying a home is such a large transaction, it’s important to have the good idea of what’s an appropriate price range for you.
Calculating home affordability takes into account a number of different factors relating to your personal finances. You’ll need to consider not only your income, but also your other expenses and financial obligations. You also need to consider whether you... The Importance of Doing a Home Inspection Before You Buy
Buying a new home is an exciting – though sometimes a little overwhelming – process. For a first time home buyer, the transaction is likely to be even more emotionally charged. Owning a home represents a big part of the American dream, and has the potential to provide homeowners with a stable path to financial independence.
Despite the emotional weight of buying a new home, it’s important that you also approach the process with a businesslike demeanor. This means conducting appropriate due diligence into the home to make sure that it’s everything it looks to be. Perhaps the most significant...
Tuesday, February 28th, 2012
Buying a new home is an exciting – though sometimes a little overwhelming – process. For a first time home buyer, the transaction is likely to be even more emotionally charged. Owning a home represents a big part of the American dream, and has the potential to provide homeowners with a stable path to financial independence.
Despite the emotional weight of buying a new home, it’s important that you also approach the process with a businesslike demeanor. This means conducting appropriate due diligence into the home to make sure that it’s everything it looks to be. Perhaps the most significant... Advice on How to Shop for a Mortgage Online
In years past, the getting a mortgage to buy a new home would involve going to your local bank and meeting with a loan officer who, chances are, you might have already known personally. Today, there are many other options for getting a home loan, and it’s actually possible to apply for a mortgage online without ever having to visit a bank or meet with a loan officer.
Even though the mortgage application process can occur online, the structure of the transaction, and the documentation that you’ll need to provide, is fairly similar to the traditional process. The differences arise...
Friday, December 16th, 2011
In years past, the getting a mortgage to buy a new home would involve going to your local bank and meeting with a loan officer who, chances are, you might have already known personally. Today, there are many other options for getting a home loan, and it’s actually possible to apply for a mortgage online without ever having to visit a bank or meet with a loan officer.
Even though the mortgage application process can occur online, the structure of the transaction, and the documentation that you’ll need to provide, is fairly similar to the traditional process. The differences arise... Borrowing Mistakes to Avoid
Most of us do everything we can to avoid getting sick. We wash our hands regularly, make sure our food is adequately cooked and do all of the other little things so that we don’t come down with a cold or the flu.
Unfortunately, we don’t always pay as much attention to our financial health. In many cases, any financial difficulties we find ourselves in are a direct result of our own actions or in-actions. Just as we try to avoid getting sick, we should avoid the bad decisions that could damage our financial well-being.
Here is some information and...
Friday, November 18th, 2011
Most of us do everything we can to avoid getting sick. We wash our hands regularly, make sure our food is adequately cooked and do all of the other little things so that we don’t come down with a cold or the flu.
Unfortunately, we don’t always pay as much attention to our financial health. In many cases, any financial difficulties we find ourselves in are a direct result of our own actions or in-actions. Just as we try to avoid getting sick, we should avoid the bad decisions that could damage our financial well-being.
Here is some information and... The Economics of Renting Versus Buying
Buying a home is part of the so-called American Dream. It gives homeowners a sense of pride, as well as the freedom to do as the please (within reason and within the law) with their property. But there’s a lot to be said for renting, too. It doesn’t tie you down to a specific location like buying does, and it gives you definite advantages when it comes to property maintenance.
Whether it’s better to rent or buy is a matter of your specific economic and life situations. It’s important to take these into account when you make a decision.
Here...
Monday, May 30th, 2011
Buying a home is part of the so-called American Dream. It gives homeowners a sense of pride, as well as the freedom to do as the please (within reason and within the law) with their property. But there’s a lot to be said for renting, too. It doesn’t tie you down to a specific location like buying does, and it gives you definite advantages when it comes to property maintenance.
Whether it’s better to rent or buy is a matter of your specific economic and life situations. It’s important to take these into account when you make a decision.
Here... Shopping for a Mortgage
Owning a home is a goal that many of us share. But it’s not as simple as choosing a house and laying down the money. Unless you have plenty of money saved up, you’ll have to get a mortgage first.
Many prospective homeowners will qualify for a mortgage. But comparatively few get the best possible deal on one. Most simply go to the nearest lender, fill out an application, and proceed with whatever kind of deal they’re offered. But if you shop around, you’ll find that different lenders offer vastly different terms that could make a huge difference in how...
Saturday, May 21st, 2011
Owning a home is a goal that many of us share. But it’s not as simple as choosing a house and laying down the money. Unless you have plenty of money saved up, you’ll have to get a mortgage first.
Many prospective homeowners will qualify for a mortgage. But comparatively few get the best possible deal on one. Most simply go to the nearest lender, fill out an application, and proceed with whatever kind of deal they’re offered. But if you shop around, you’ll find that different lenders offer vastly different terms that could make a huge difference in how... 
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