Category: Mortgage Information Center

3 Completely False Myths About Reverse Mortgages That Need to Be Debunked

3 Completely False Myths About Reverse Mortgages That Need to Be Debunked

January 9, 2018 |

Are you a senior or retired individual older than 62 who is looking to supplement their retirement income? If so, you may have heard about a unique financial product known as a reverse mortgage. In today’s blog post we will explore three myths about reverse mortgages and share why they need to be debunked. Let’s get started.

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On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

January 5, 2018 |

Are you the type of person that struggles with remembering to pay their bills on time? You’re not alone. People across the country regularly submit late monthly payments, inflicting terrible damage to their credit. Let’s take a quick look at how paying your monthly payments late can have a negative impact on your mortgage.

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Can I Buy a Piece of Land and Build a House on It With a Mortgage? Yes — Here’s How

Can I Buy a Piece of Land and Build a House on It With a Mortgage? Yes — Here’s How

January 4, 2018 |

Have you been hunting for a new house without finding one that suits your needs? If so, one option that you may want to consider is building a new construction home on a choice piece of land. In today’s blog post we will explore a few different mortgage options for those who are looking to build a brand-new home.

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How to Run a Quick Financial Health Check Before You Apply for a Mortgage

How to Run a Quick Financial Health Check Before You Apply for a Mortgage

December 21, 2017 |

Are you planning on using a mortgage to help cover the cost of a new home? If so, you will want to prepare your finances and figure out how you will manage all those wallet-draining monthly expenses. Let’s take a look at how to run a quick financial health check to ensure you are ready to apply for a mortgage.

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Mortgage 101: Understanding ‘PITI’ and What Goes in to Your Monthly Payments

Mortgage 101: Understanding ‘PITI’ and What Goes in to Your Monthly Payments

December 19, 2017 |

Ask any friend or family member that owns a home and they will share that it takes a bit of management to keep all the expenses under control. Let’s explore the concept of PITI and why it is vital to have a clear picture of how much your home is costing you each month.

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You Ask, We Answer: How Do I Know If It’s a Good Idea to Refinance My Mortgage?

You Ask, We Answer: How Do I Know If It’s a Good Idea to Refinance My Mortgage?

December 14, 2017 |

Are you interested in paying less per month on your mortgage? Or perhaps you would prefer if your mortgage was paid off a couple of months – or years – faster? If you are a homeowner with a mortgage, one option that is open to you is refinancing. In today’s post, we will explore the topic of mortgage refinancing and how to know if it is a good idea.

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The Pros and Cons of a Large Down Payment When Buying a Home

The Pros and Cons of a Large Down Payment When Buying a Home

December 12, 2017 |

If you are in the market for a new home, one of the considerations you will need to make is how much to invest in your down payment. Let’s take a quick look at some of the pros and cons of making a large down payment when buying your next home.

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‘Pine’-ing for a New Look? 3 Ways You Can Use Wood Features to ‘Spruce’ up Your Home

‘Pine’-ing for a New Look? 3 Ways You Can Use Wood Features to ‘Spruce’ up Your Home

December 8, 2017 |

Whether you are renovating an older home or putting the finishing touches on a new one, you would be amiss if you did not consider how to include furniture and other items made of wood. With a diverse range of colors and textures, wooden features are a must-have for any modern home design. Let’s take a look at three ways that you can use wood to add a little spice to your home decor.

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Buying in 2018? Get Your Down Payment Ready Now by Tapping These Helpful Sources

Buying in 2018? Get Your Down Payment Ready Now by Tapping These Helpful Sources

December 5, 2017 |

Are you in the market for a new house or condo in 2018? With the new year just around the corner, now is the time to get all of your financial details in order. As you may know, buying a home is a significant financial transaction. But it all starts with your down payment, which is the lump sum that you invest in order to purchase the home.

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Graduating With Student Loan Debt and Worried About Your Mortgage Prospects? You’re Not Alone

Graduating With Student Loan Debt and Worried About Your Mortgage Prospects? You’re Not Alone

November 28, 2017 |

Did you recently graduate from college or university? If so, you may still be dealing with a financial hangover in the form of student loan debt. The vast majority of today’s students have to borrow to invest in their education, which can affect financial plans once school is finished. In today’s post, we will explore buying a home with a mortgage when still dealing with outstanding student loan debt.

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