If you pay attention to your credit rating, you may be well aware that a single late payment reflected on your credit report can result in a decline in your scores. In some cases, the decline can be rather significant, and you will have to work hard to make regular payments over a period of time to show that you remain creditworthy and to rebuild your credit score.
Category: Home Mortgage Tips
Buying for the First Time? The Ultimate Guide to Surviving the Mortgage Process
If you have heard nightmarish stories from friends and family members about the home mortgage application process, you are not alone. In fact, some of these stories may have even been a reason why you have held out on moving forward with your plans to purchase your first-home.
Buying a Second Home? Assessing Your Finances to Ensure You Can Afford a Second Mortgage
While there may be numerous benefits associated with the purchase of your second home, you may be concerned about how affordable it will be for you to manage the additional expense of a second mortgage payment.
3 Easy Ways to Put Aside a Bit of Extra Cash So You Can Pay off Your Mortgage Faster
If your personal budget is similar to many other people’s budgets, your home mortgage payment is by far the largest expense that you pay for each month. In fact, this payment may easily account for 20 or 25 percent or more of your take-home income. Understandably, you may be focused on trying to pay this expense off early.
Saving Up for Your First Home? Our Guide to Finding Ways to Save Your Down Payment Faster
If your goal is to purchase a home, you may find that it is challenging to save up enough money for your down payment. While this is something that many first time home buyers struggle with, it is by no means insurmountable.
Mortgage Refinancing: How to Ensure a ‘Re-Fi’ Makes the Most Sense for Your Financial Situation
Refinancing your mortgage can make good financial sense, as long as you are doing it for the right reasons. Before considering a refinance, it’s worth spending some time to assess what your financial goals are.
Freelancing in 2015? Three Tips for How to Secure a Mortgage if You’re a Self-Employed Entrepreneur
If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed.
Tax Time is Upon Us: Learn About Tax Deductions and How to Write off Your Home Mortgage Interest
Much to the chagrin of taxpayers all over the country, the tax-filing season begins in January and runs through April 15 of each year. As the current tax season approaches, it presents an opportunity to help tax-payers clarify their responsibilities and remind them of certain important tax deductions that may be available.
Do You Need Mortgage Insurance Even if It’s Not Required by Your Lender? Let’s Take a Look
Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be needed, even if it’s not typically required by your lender.
Three iPhone and Android Apps That Make Managing Your Mortgage Payments Quick and Easy
Managing your mortgage payments can be challenging, but there are some incredible apps available for use with Android or iPhone smartphones that can simplify your mortgage management tasks.