Tag Archives: Mortgage

What Makes Up A PITI Mortgage Payment?

Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month. Continue reading

Advertisements
Posted in Mortgage | Tagged , ,

6 Ways to Fight Foreclosure

Sometimes, things don’t go as planned. Despite the best intentions, there are times when it’s impossible for homeowners to fulfill their mortgage obligations. When your misfortune turns into a foreclosure notice, these tips will help you control the situation and realize the best outcome. Continue reading

Posted in Mortgage | Tagged , ,

Is Now a Good Time to Cash Out Your Home Equity?

For many Americans, their home is their primary investment. The equity stored in your residence can be a source of available cash for home repairs, upgrades, or for financing the purchase of investment properties. However, few homeowners really understand the process that results in home equity. Continue reading

Posted in Mortgage | Tagged , ,

5 Options To Consider When Your Appraisal Comes In Low

Yikes! You are already set on buying the home that you picked out and the appraisal comes back at a lower amount than the amount needed for the home loan to be approved. What do you do? After you calm down your significant-other and then take three deep breaths, here are some options to consider. Continue reading

Posted in Mortgage | Tagged , ,

5 Key Tips To Prepare For A Quick Mortgage Approval

Whether you’re finally prepared to get into the real estate market or you want to know how you can make a deal quick, there are a few necessary documents you’ll need to prove your reliability to a mortgage lender. Continue reading

Posted in Home Mortgage Tips | Tagged , ,

8 Ways To Maintain A Great Credit Score

Having an excellent credit score is very useful. The following are some tips on how to maintain a superb credit score. Continue reading

Posted in Mortgage | Tagged , ,

Managing Finances Before Applying For A Mortgage

Are you planning on using a mortgage to help cover the cost of a new home? If so, you will want to prepare your finances and figure out how you will manage all those wallet-draining monthly expenses. Let’s take a look at how to run a quick financial health check to ensure you are ready to apply for a mortgage. Continue reading

Posted in Real Estate | Tagged , ,

Is a Hard Money Loan the Right Strategy for You?

When used as a part of an effective real estate investment strategy, hard money loans are an excellent tool to quickly increase holdings without risking existing properties. However, these loans aren’t for everyone. Continue reading

Posted in Mortgage | Tagged , ,

3 Tips To Save For A Down Payment

Saving up for a down payment can feel overwhelming. Most people have never saved up the kind of money it takes for a down payment. It can be done, though. The goal is to put 20% down on a house. This is what it takes if you don’t want to have to pay private mortgage insurance every month. Continue reading

Posted in Mortgage | Tagged , ,

Home Buying Power Remains In Motion Depsite Rising Mortgage Rates

The real estate market does not occupy a space outside the laws of physics. As Sir Isaac Newton so aptly theorized, “for every action, there is an equal and opposite reaction.” When applying the English physicist’s Third Law to today’s rising mortgage rates, anticipating the reaction can be valuable information if you are planning to buy or sell a home or commercial property. Continue reading

Posted in Mortgage | Tagged , ,