14
Oct
By Todd Grey
Mortgage, ,

After Closing On A New Home: The Top Tasks To Complete

Closing on a new home is exciting and many people view their closing date as the finish line; however, even after closing a new home, there is still a lot that has to happen. What do new homeowners need to do after closing on a new home? Mark The Date Of The First Payment Every homeowner needs to know the first date of the new mortgage payment. They need to get their bank account set up for an automatic draft, or they need to send a physical check by that time. Keep in mind that the first payment might include…
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12
Oct
By Todd Grey
Mortgage, ,

The Timeline: Prequalifying To Closing

Even though purchasing a new home can be exciting, it can also be stressful. There are a lot of tasks that need to be completed between qualifying for a mortgage and receiving the necessary funds. Therefore, potential homeowners need to understand the timeline so they make sure they are on track to meet their closing dates. What are a few examples of important milestones that have to be accomplished?  Make An Offer On A Home After getting pre-qualified for a mortgage, the next step is to make an offer on the right house. An offer on a home has a lot…
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08
Oct
By Todd Grey
Home Mortgage Tips, ,

Baby on the Way? Helpful Advice for Managing a Mortgage With Only One Parent Working

If you're dealing with paying off your mortgage and going down to a one-income family, it can be complicated to determine how to financially swing it. However, becoming a parent and managing a mortgage are quite common nowadays with maternity leave and the modern family. While managing a mortgage on just one salary can be a challenge, there are a few simple things you can do to make it work. Buy The House You Can Afford It may sound much too simple, but many people get so wrapped up in the concept of a dream home that they forget about…
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05
Oct
By Todd Grey
Mortgage, ,

The Top Benefits Of Having Mortgage Debt

The vast majority of people need to take out a loan to purchase a home. While there are many forms of debt that people would rather avoid, some types of debt can actually be a positive. This includes mortgage debt. What are a few of the top benefits of having mortgage debt? Access To Extra Liquidity One of the biggest benefits of having mortgage debt is that homeowners will have access to more liquid cash. If someone spends all of their money buying a house in cash, they might not have anything left over to cover other expenses. Examples include…
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30
Sep
By Todd Grey
Mortgage, ,

A Mortgage Pre-Approval Letter: How Long Does It Last?

Buyers need to make sure they are competitive when they make an offer on a house. One of the ways to do that is to get a pre-approval letter. What does this mean, and how long does it last? What Is Mortgage Pre-Approval? Prior to working with a real estate agent to find the perfect house, it is important to get a pre-approval letter from a lender. Some agents might even ask a buyer to do this before they start looking. The lender will take a look at someone’s income and run their credit to see how large of a…
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