Mortgage
10 Common Mortgage Myths and How to Identify Them
Mortgage myths can make the home-buying process confusing — especially for those who are going through it for the first time. What should you look for in a mortgage? How do you know if you have a good interest rate? How much down payment do you need? One quick Google search for the…
Read MoreAdjustable-Rate Mortgage: Everything You Need to Know
Many people find the home of their dreams and want to rush through the process of taking out a mortgage as quickly as possible. However, you never want to agree to a mortgage without fully understanding the terms of the loan. Otherwise, you could end up with some surprises down the road. Both fixed-rate…
Read MoreHow to Write a Gift Letter for a Mortgage
How to Write a Gift Letter for a Mortgage To qualify for a mortgage, you often need to have some form of a down payment. Getting the money together for this, however, can be quite a challenging task. To help bridge the gap between what they already have put aside and what they need…
Read MoreHow is a Mortgage Payment Broken Down
You know you must pay your mortgage every month when it is due. But do you actually know what you are paying? How is a mortgage payment broken down? Do you know what is included in the amount owed? When buying your property, you likely spent a lot of time going over all sorts…
Read MoreWhat Happens to a Mortgage in a Divorce
Wedding days are magical moments shared between a happy couple who vow to be together for better or for worse. They start a family, buy a home with a white picket fence, and live happily ever after. Unfortunately, despite the best intentions, life does not always work this way for everyone. Nobody ever kicks off…
Read MoreDo You Get a Tax Break for Mortgage Interest?
As mid-April rolls around every year, a lot of tax questions arise. Everyone wants to know what they can do to either decrease the amount of money they owe on their taxes or increase the return they get. For homeowners, the Home Mortgage Interest Deduction (HMID) is a tax break that can yield some…
Read MoreWhat is a Mortgage Note?
Whether commercial or residential, unless you are paying cash when you purchase a piece of property, you will likely take out a mortgage. This is a loan from your chosen lender that is secured by the real estate you are investing in. At your closing, the document you sign agreeing to these terms is referred…
Read MoreCan You Get a Mortgage Without a Job?
Here is the situation: You want to buy a home – but need a job. Is it possible? Can you find a lender willing to give you a home loan without supplying proof of steady income? Maybe you would like to refinance your current home but aren’t working – will you qualify? It is…
Read MoreCo-Signing a Mortgage for Your Child: What You Need to Know
As a parent, one of the most rewarding experiences is helping your child achieve their goals, especially when it comes to buying their first home. However, the process of buying a home can be daunting, especially for first-time buyers. As a parent, you can play a crucial role in helping your child buy a home…
Read MoreShopping for Mortgages in the New Year
The housing market changes so quickly, from one season to the next. For the majority of last year, most communities around the country found that sellers had the upper hand in real estate transactions. Multiple homebuyers were trying to buy up property – increasing offers and making concessions at every turn. Some even went way…
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