Are you thinking about buying a new house or condo? If so, you've likely given some thought to your mortgage and as to how you can pay as little as possible in order to own your new home. Below we'll share four easy steps that you can take to ensure you start out with an affordable monthly mortgage payment. Make A Large Down Payment On Your Home The easiest way to reduce your monthly payment is to invest as much as possible in your down payment. The less you have to borrow, the less you'll be required to pay back. If you can put a sizeable amount down on your home you'll find that your monthly … [Read more...]
Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before Reapplying
If you've had some trouble getting approved for a mortgage recently, you're not alone. Many individuals face mortgage challenges due to past blemishes on their credit reports or a personal financial crisis that resulted in bills not being paid on time. In this post we'll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home. Pay Off Your Credit Cards And Lines Of Credit The easiest way to improve your credit score and prove that you can afford your mortgage payments … [Read more...]
Buying a Home? 4 Steps You Can Take to Ensure You Start out with a Low Monthly Mortgage Payment
Are you thinking about buying a new house or condo? If so, you've likely given some thought to your mortgage and as to how you can pay as little as possible in order to own your new home. Below we'll share four easy steps that you can take to ensure you start out with an affordable monthly mortgage payment. Make A Large Down Payment On Your Home The easiest way to reduce your monthly payment is to invest as much as possible in your down payment. The less you have to borrow, the less you'll be required to pay back. If you can put a sizeable amount down on your home you'll find that your monthly … [Read more...]
Shopping Around: How to Compare Mortgages from Different Lenders or Underwriters
Buying a home is a major financial transaction, especially if you're going to need mortgage financing to help cover the purchase cost. The only way to know if you're getting the best deal on a mortgage is to shop around, but with so many different lenders vying for your business it can be very tough to choose which mortgage is the best fit for your own situation. In this post we'll share how you can compare mortgages from different lenders or underwriters so that you can get the best possible deal on your mortgage loan. Start By Comparing Interest Rates The most important factor in your … [Read more...]
Setting Your Budget: How to Analyze Your Finances to Determine How Much Mortgage You Can Afford
Whether you're buying a home for the first time or you've decided it's about time that you upgraded to a larger, more expansive house, if you're making a real estate purchase you'll need to be aware of how much you can reasonably afford to borrow in a mortgage. In today's post we'll take a look at a few ways that you can analyze your financial situation to help decide how much mortgage you can truly afford. Prepare An Honest Monthly Budget The first step in understanding how much of a monthly payment you can afford is to create an honest monthly budget which includes all of your family's … [Read more...]
