Home Mortgage Tips Archives – Page 23 of 27

30

Mar

Home Mortgage TipsHome Mortgage Tips, Mortgage Payments, Mortgages

The Mortgage Pre-approval Letter: Why It’s Important and How to Get One

If you are thinking about buying a new home in the near future, you may already be searching online to get a feel for the different types of homes available in the local area. You may have reviewed your budget, and you may have a fair idea about a sales price that is comfortable for you to afford. While you may feel as though you have taken the preliminary steps necessary to prepare yourself to buy a home, it is important that you also get a mortgage pre-approval letter for your financing before you starting hunting for that perfect new…

25

Mar

By Todd Grey

Home Mortgage TipsHome Buyer Tips, Mortgages, Mortgages and Credit

Four Ways That Being Diligent with Your Mortgage Payments Can Seriously Improve Your Credit

The unfortunate reality is that many individuals have a lower credit rating than they would like. For many, this is caused by issues related to high debt balances, late payments and other related issues. If you have a lower credit rating, you may be wondering what steps you can take to improve your standing with the credit bureaus. While there are several steps available for you to consider, making timely payments on your home mortgage can have a great impact on your credit. There are four unique ways that diligence with your mortgage payment may improve your credit. Showing Financial…

23

Feb

By Todd Grey

Home Mortgage TipsBuying a Home, Closing Costs, Home Mortgage Tips

Three Tips For Reducing Your Closing Costs If You’re Looking Forward To Buying A Home In The Spring

Spring is aproaching fast and it is usually the busiest time of the year for home buying. After a long and cold winter, many people are ready to enjoy the nicer weather and begin to shop for a new home. Spring is also the perfect time for home buying for families with children because it allows them to move during the summer without interrupting school. Home buying has costs associated with it other than the mortgage itself. Known as closing costs, these fees are a part of the home buying process and they are due at the time that the…

05

Feb

By Todd Grey

Home Mortgage TipsHome Mortgage Tips, Mortgage Insurance, Mortgages

Do You Need Mortgage Insurance Even if It’s Not Required by Your Lender? Let’s Take a Look

Finding a proper mortgage loan and understanding the processing procedures behind the loan is the basis of good research. The down payment on a mortgage loan is typically significant when dealing with mortgage insurance. Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be required even if it's not typically required by your lender. Underwriting Requirements Most home mortgage applications undergo a strict set of standards for approval. These standards are known as underwriting and make up the bulk of time spent on a mortgage application.…

03

Feb

By Todd Grey

Home Mortgage TipsHome Mortgage Tips, Mortgages, Mortgages and Credit

Three Tips for How to Secure a Mortgage if You Are A Self-Employed Entrepreneur

If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed. Make Sure Your Credit Score Is In Good Shape While your ability to pay back a mortgage is the most important factor in approval, your credit score is a close second, and that goes for every borrower, not just those…