Steps to Obtaining a Mortgage

The mortgage process can be intimidating, especially for first-time home buyers. Mortgage program requires numerous documents, and it may be wise to seek the help of your realtor or mortgage broker. But before you complete the paperwork, among the most significant actions to obtaining a mortgage will be an exhaustive analysis of your financing. An Read more about Steps to Obtaining a Mortgage[…]

How to Calculate Your Mortgage Amount Based on Payments

If you’d like a home mortgage, you are going to need to prove that you can pay it back. Lenders typically check your earnings, employment, debts and credit history–including past bankruptcies or foreclosures–before they agree to compose a mortgage; they will also need the house appraised to be sure that it’s good collateral for the Read more about How to Calculate Your Mortgage Amount Based on Payments[…]

Is It Smart to Buy a House When the Mortgage Will Be Half My Monthly Earnings?

Deciding just how much mortgage you can reasonably manage is one of the very important, and most overlooked, steps in purchasing a home. Since real estate agents, mortgage loan officers and mortgage businesses are compensated based on a percentage of the home’s cost, which directly impacts the mortgage sum, they have little interest in telling Read more about Is It Smart to Buy a House When the Mortgage Will Be Half My Monthly Earnings?[…]

How to Refinance a Mortgage With an Interest Deduction

Refinancing into a lower interest rate can save you hundreds of dollars each month. If they want to refinance, it appears most homeowners only call the mortgage lender that continue solicited them via the radio, TV or direct mail. Wise homeowners shop their loan with multiple lenders before choosing a lender with whom to work. Read more about How to Refinance a Mortgage With an Interest Deduction[…]