Buying a Condo Know the Pros and Cons
If you are looking for a new home, buying a condo may be something you are considering. A condominium, commonly known as a condo, is a private residence within a multiple unit property. You manage your individual unit privately. While you share responsibility for common space and amenities. If you’re aiming for homeownership, a condo […]
Should You Use a Mortgage Broker or a Bank?
Buying a home may have you wondering to use a mortgage broker versus a bank. A house purchase is a huge investment and an important decision. An even bigger and confusing decision for some is how to secure a home loan. This can be quite stressful but not if you familiarise yourself with the financing […]
What You Need To Know About Mortgage Brokers
Mortgage brokers are licensed professionals who act as intermediaries between mortgage lenders and borrowers. They help the borrowers to connect with lenders that best fit the borrower’s interest-rate requirements and financial situation. A mortgage broker must not be confused with a mortgage banker; the latter provides a mortgage with its own funds and the contract […]
What You Need To Know About Mortgage Relief
If you are like so many people right now and you’ve suffered some loss of income, you might be wondering about mortgage relief. Many have suddenly lost their jobs or have had a reduction in hours or wages, or worse yet, have experienced a sudden illness that has disrupted income. There is struggle and you […]
What is a Mortgage?
Do you really know what is a mortgage? If you are shopping for a home or maybe considering refinancing your mortgage, understanding what is a mortgage is important. Simply put, a mortgage is a legal financial document you agree to when you purchase or refinance a home. It is the payment you make to pay […]
First-Time Home Buyer Grants and Programs
Fortunately, if you are trying to achieve the dream of buying your first home, there are first-time home buyer grants and programs available to help. If you’ve never bought a home before, it can be daunting and seemingly impossible to afford a down payment for a home. Homes cost so much money and mortgages are […]
How To Get A No Money Down Home Loan
Are you interested in buying a home but have no money to put down towards a loan? A down payment is the cash money you have to put towards a home purchase. It is usually a requirement made by mortgage lenders in order for you to qualify for a mortgage. But a large down payment […]
How to Get The Best Mortgage Rate
Getting the best mortgage rate will give you lower monthly payments and you’ll pay less on the life of your loan. There are few things in life as serious as mortgages. It can get easily overwhelming going through the process of finding and getting the best mortgage rate. The more you know about mortgage rates […]
How A Mortgage Affects Your Credit Score
Our credit scores are one of the most important numbers that we’ll carry with us through our lives, and anyone who’s applied for a mortgage will already know how much weight they hold in the world. So, what about once you’ve already gotten a mortgage and are then looking for financial help in another way? […]
Is Refinancing right for you? Find Out When the Best Time is to Refinance your Mortgage
Many people think that once they’ve entered into a mortgage that’s the one they’re with for life, so they never go out of their way to look for a better deal. As mortgages can take up years, and for most of us be with us for our adult lives, it makes sense to keep our […]
How To Avoid Foreclosure
When you first enter into a mortgage, the last thing you want to think about is foreclosure, but unfortunately, this process is a reality for some homeowners. Foreclosure is what occurs when the lender seizes the property, evicts the homeowner, and then sells the property, and this happens after a series of missed mortgage payments. […]
7 Tips For Your First Mortgage
There’s nothing more terrifying than the thought of your very first mortgage, so while you might be excited about buying your first home there are lots of uncertainties that come with the financial side. Learning how does a mortgage work for first time buyers will put you in the best position to find yourself the […]
The Many Different Types of Mortgages
Before you apply for your first home loan you might be forgiven for not realizing just how many options there are out there for the various mortgage loans types. Since mortgages first came to fruition they have undergone some serious changes are there are now so many different types of loans to suit all kinds […]