Applying for a Mortgage? Avoid These Common Mistakes

February 15, 2013

in Home Buying Guide, Mortgage Loans | Tagged , , , , , , , , ,

If you’re a first-time buyer, an itch to start looking at homes typically starts just after you make the decision to buy. The feeling may be so overwhelming that it’s the very first thing you do. That’s mistake number one: Looking at homes without knowing how much you can spend on a home isn’t just [...]

Is a Debt Consolidation Home Equity Loan Right for You?

November 2, 2012

in Mortgage Loans | Tagged , , , , , , , , ,

Maybe you’ve indulged in impulse shopping one too many times or actually found yourself in an emergency where paying with a credit card was the only option. Either way, if you’re a homeowner who is struggling to pay those monthly bills, debt consolidation could make sense for you. Homeowners who have equity in their homes [...]

Help Sell My Home Fast: Should I Sell My House and Carry the Contract?

September 21, 2012

in Tips When Selling a Home | Tagged , , , , , , , , , , , , ,

In slow markets, when homes just don’t seem to move as quickly as we’d like them to, offering seller financing may be the key to getting a home sold. With the sluggish real estate market of the last few years, seller financing has been dramatically increasing in popularity, but is it a smart move for [...]

How Your Credit Score Affects Your Mortgage Rate

September 14, 2012

in Home Buying Guide, Mortgage Interest Rates | Tagged , , , , , , , , , , ,

Credit checks are a necessary part of applying for any loan, but they are especially important during two stages of the loan process: on the day you apply for a mortgage and shortly before closing on the loan. The first credit check is to ensure that you pay your bills on time and have sufficient [...]

What is Mortgage Life Insurance?

June 15, 2012

in Home Buying Guide | Tagged , , , , ,

The pitch is typically delivered on a postcard that arrives in the mail. Look closely – it’s most likely from your bank, not your insurance agent. The come-on: If you die (sad music in the background), your family will be forced out of their home if they can’t make the mortgage payment. Ah, but wait. [...]