24 Mar 2022
By Tawnya King

Three Tips to Ensure That a Reverse Mortgage Makes Sense for Your Financial Situation

Home Mortgage Tips
If you're having financial troubles, or if you need to free up a large sum in a short period of time, a reverse mortgage is a great way to get the money you need without having to take on new debt or make monthly payments. When you apply for a reverse mortgage - also known as a home equity conversion mortgage - you're essentially borrowing money from the equity you've built up in your house. The great advantages of a reverse mortgage are that you don't need to make any loan payments until you decide to move out of the…
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18 Mar 2022
By Tawnya King

Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Home Mortgage Tips
Purchasing a home is often considered an important step in one's financial life, no matter what point you arrive at it, but there are things you should know about financing your home purchase before stepping into the fray. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success. Taking The Lender You're Offered In the event that you've been pre-qualified for a certain amount, you'll want to find a lender that will make the process towards a home purchase a little bit smoother.…
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03 Mar 2022
By Tawnya King

Can You Refinance into a VA Mortgage from Another Type of Mortgage? Yes, If You Qualify

Home Mortgage Tips
VA mortgages stand out as one of the biggest benefits to men and women serving in the military. Although private lenders make the loan, the Department of Veterans Affairs guarantees all VA mortgages, which is why these loans come with favorable terms and benefits not found with other mortgage types. The Benefits Of Refinancing To A VA Mortgage A VA loan may very well be the borrower's only option for putting no money down, as many lenders will cover 100% of the value of the home, thanks to the backing of Veterans Affairs. There is a ceiling on the amount…
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17 Feb 2022
By Tawnya King

Save Some Additional Cash with Our Guide to Lowering Your Monthly Mortgage Payment

Home Mortgage Tips
If you are like many other homeowners, your home mortgage payment is the single largest expense in your monthly budget. This is a fixed expense that you will typically be responsible for until your loan is paid in full or until you sell your home, and you may have a 15, 20 or even 30 year term on your mortgage. If your home mortgage payment has become unaffordable or burdensome for you to manage with your current financial situation, rest assured that you may be able to save some additional cash each month without selling your home. Refinancing your existing…
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15 Feb 2022
By Tawnya King

Making Sure You Are Ready To Take On A Mortgage

Mortgage Tips
There is so much to know when it comes to homeownership that even wading into all of the information can seem overwhelming, but if there's one thing you need when the time comes to purchasing a home, it's to be prepared. Here are a few ways that you can ensure you're ready for what a mortgage entails so that buying your dream home will be a positive experience you won't regret. Consider All Of Your Options Instead of accepting the mortgage that your bank is offering you, it's very important to do some research and determine what some of the…
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11 Feb 2022
By Tawnya King

How to Calculate Your True Cost of Living and Determine How Much Mortgage You Can Afford

Home Mortgage Tips
A monthly mortgage can seem like enough of a financial responsibility on its own, but there are many factors involved in home ownership that affect its fiscal feasibility. If you're in the market for a house and are wondering how your income will stack up against the rest of your expenses, here's how to determine a home cost that's reasonable for you. Determine Your Down Payment Before you start with anything else, you'll want to determine the amount of money you can put down so you can estimate your monthly payments. The traditional amount for a down payment is 20%…
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02 Feb 2022
By Tawnya King

Refinancing Your Mortgage: Understanding the Various Types of Refinancing

Home Mortgage Tips
Whether you've been thinking about ways that you can draw on your home equity to fund a renovation project or you want to take advantage of low interest rates before they rise again, refinancing your mortgage is an excellent option. In today's blog post we'll introduce mortgage refinancing and discuss a few of the ways that you can use this tool to help accomplish your financial goals. Cash-In and Cash-Out Refinancing Many homeowners refinance their mortgage in order to take some of the home equity out for other purposes. In a "cash-out" refinancing, you take out a new mortgage loan…
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