Mortgage Advice

Preparing to Purchase Your First Home

Steps to take to ensure that your first home-buying experience will be successful

You are finally at the point in your life where you feel ready to buy a home. But are you really prepared? The home-buying process is a very big task, and it can be overwhelming to anyone who hasn’t walked through it before. In fact, it is often still overwhelming even to those who have done it before.

The CFPB: Helping or Hurting?

One of the results of the financial crisis of 2008 was the Consumer Financial Protection Bureau, which was formed as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act. Although the word ‘protection” is their title, given some of the actions of this agency one has to wonder who exactly it is that they are protecting.

Real estate – the mortgage loan

When thinking about purchasing a property, most people think about getting a mortgage loan. Taking into consideration certain aspects, like the size of the loan, its maturity, the method of paying off the loan, mortgage loans vary greatly.

Recent mortgage situation in the U.S.

In 2013, the mortgage interest rates have fluctuated greatly. Right now, more and more homeowners make their mortgage payments on time, helped by low-interest rates and stable job gains.

4 Valid Reasons to Consult a Mortgage Broker

Any individual seeking advice on mortgages would come across the term "mortgage brokers" and wonder: "Who are mortgage brokers and how can they help me?"

Mortgage brokers are basically expert mediators connecting you and the lender. They are licenced specialists in finance domain, and you don’t need to pay them as they get paid by the lenders who strike the deal with them.

If you think you have researched enough about your banker, then think again. Here are the reasons as to why you should consult a mortgage broker:

Mortgage Factors That Every Prospective Buyer Needs to Understand

                A home loan is much more multifaceted than many assume, and it’s imperative for people to understand the depths of a mortgage before they embark on the journey of homeownership. While each person’s situation is unique, and therefore each particular agreement different from the next, there are certain aspects of home loans that are nearly universal when it comes to the process side of things.

5 Ways To Increase Your Chances Of Getting A Better Deal On Your Mortgage

It's scary walking into the bank and asking someone for a mortgage. It's a lot of money and what if they say no? Will you ever be able to afford the home of your dreams? If you honestly believe you will be offered a mortgage it's likely you will get one. You just need to make sure you get the best deal possible because over the years it will save you a huge amount of money. Let's look at a few things you can do to make sure it happens. Start saving for a deposit now.

Mortgage Loan and Some of its Aspects

Dreams require assistance and especially financial assistance. Financial institutions do a thorough checking before lending money to any individual. Generally the money borrowed is in hefty amounts as a result of which the financial institution definitely needs some solid base of reference depending upon which it will pass the loan to the money borrower. After all nobody steps to do business for loss.

10 Best Mortgage Tips

More than six years after the bubble burst, low mortgage rates are fueling a slow but steady rebound in the housing market. Homes sales and new construction are up and prices are returning to pre-recession levels. Americans homeowners are taking advantage of near-record low rates on fixed mortgages by refinancing at a brisk pace. But not all of the numbers are auspicious.

5 Things You Must Know Before Buying Your First Home

Buying your first home is a very exciting experience for all people. The problem is that it is important to seek help and legal counsel when purchasing your first home. When buying a home the homebuyers need to pay attention to specific details in order for the process to go smoothly. Below is a list of 5 things homebuyers must know before buying their first home.

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