Tag Archives: Mortgage Payments

Recently Lost Your Job? 3 Tips for Managing Your Mortgage When You’re Out of Work

The financial responsibility of a monthly mortgage payment can be stressful on its own, but you may be even more concerned about your home investment if you’ve recently lost your job. Fortunately, there are some things you can do and places you can turn if you’re not yet certain where your next paycheck will come from. If you’re struggling with newfound unemployment, here are some important steps to take. Continue reading

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Budgeting 101: How to Plan Your Budget Around Your Monthly Mortgage Payments

If you’ve decided to invest in a home, you might be wondering how to make all of the expenses work. From the groceries to your mode of transportation, all of those little things can quickly add up. Fortunately, it’s easy enough to ensure you have the money each month by carefully calculating your expenses and ensuring there’s a little wiggle room in case of leaner times. Here are the details on how to begin with your mortgage budgeting plan. Continue reading

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Pay down Your Mortgage Faster by Eliminating These Five Unnecessary Household Expenses

The monthly mortgage payment can be one of the most significant household expenditures for a family. However, while it can be a sizeable amount, there are certain household things you may be able to eliminate that will help you put down more money and pay your mortgage off a little faster. Continue reading

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How to Give the Ultimate Christmas Gift: Paying Off a Family Member’s Mortgage

Christmas is just around the corner, and if you’re in a position to do it, paying off a family member’s mortgage is one of the biggest gifts you could give this holiday season. Continue reading

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The Pros and Cons of Paying Your Mortgage off Biweekly Versus Monthly

If you have a mortgage, you’re probably looking for the best option to pay it off. So is a biweekly payment or monthly payment the better option for you? Which payment strategy best fits your individual circumstances? Here’s what you need to know. Continue reading

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First-Time Home Buyer? 3 Budgeting Tips to Help Make Your Mortgage Payments Easier

Buying a new home is an exciting time, but excitement can easily turn to stress if there isn’t enough money to pay the monthly mortgage bill. The added expense can take some time to get used to, but there are ways to make the payments easier, especially in those first few months when money is the tightest. Continue reading

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Understanding the “Adjustable Rate Mortgage” (ARM) and How This Type of Mortgage Works

Understanding what an adjustable rate mortgage, or ARM, is in comparison to a fixed rate mortgage can help applicants make a more informed decision about their mortgage plans. Continue reading

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The Pros and Cons of Paying Your Mortgage Bi-weekly Vs. Monthly

When applying for a new mortgage or after closing, many will have the option to choose between a single monthly mortgage payment or smaller bi-weekly payments. There are benefits and drawbacks associated with both options, and some personal financial considerations may need to be reviewed in order to make a decision that is best for the individual. Continue reading

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Start with the Basics: How to Create a Budget to Determine How Much Mortgage You Can Afford

A mortgage is typically one of the biggest monthly payments and financial responsibilities that a person is responsible for. Mortgage payments usually impact the person’s budget significantly for several decades or longer.

While there are mortgage calculators online that can be used to estimate an affordable mortgage payment, it is important to start with a basic budget. A budget will allow you to more accurately determine how large of a mortgage payment is truly affordable before applying for a new mortgage. Continue reading

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Four Surefire Ways to Ensure That You Get the Best Possible Deal on Your Mortgage

Taking time to set up your home mortgage is one of the best steps that you can take to promote financial health and security. If you want to ensure that you get the best deal on your mortgage, focus on these key tips. Continue reading

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