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Mortgage Rates Are No Excuse Not to Buy

Mortgage Rates Are No Excuse Not to Buy2

Prospective buyers have long been using the excuse of rising interest rates as a way of staying on the fence and avoiding commitment. But is this really a valid excuse? Let’s look at some historical data on three different and very common loan products; the 30 year fixed rate mortgage, …

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The Process of a Typical Mortgage

The Process of a Typical Mortgage

A Guide for the First Time Homebuyer As a mortgage processor, I have seen a lot of people apply for a mortgage to purchase a home and say “Now what?” This article will go into some detail about the process of a typical first time home-buyer mortgage in the state …

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How to Avoid Mortgage Prepayment Penalties

How to Avoid Mortgage Prepayment Penalties

Mortgage prepayment penalties may come as a surprise to many people when they think of refinancing or selling their homes. Most people don’t get to see the mortgage papers until closing and they usually don’t read all the provisions of the note before signing it. There are so many important …

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Tips for Prepaying Your Mortgage

Tips for Prepaying Your Mortgage

With the Sluggish Economy, it Seems like the Logical Thing to Do, but is It? With your house payment often taking up the biggest chunk of your monthly check, wouldn’t it make sense to prepay your mortgage if you could? Prepaying your mortgage seems like a logical thing to do, …

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Self Employed and Seeking a Mortgage

Hand Signing An Approved Real Estate Mortgage Loan Document

The mortgage market has changed. Of that, there can be no doubt. Many of the major changes came in the area of loan underwriting. The days of the “stated income”, “stated assets”, “no doc” loan is largely over. That being said, it does not mean that the self employed borrower …

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Prepaying Your Mortgage

Prepaying Your Mortgage

It’s the first of the month and your mortgage payment is now due. Thoughts rolling through your head start anywhere from, “I am tired of paying this huge amount of money each month” to, “how can I make this payment go away faster?”. I can sympathize with your situation completely …

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