financing tips: How to Pay Off Mortgage Debt Faster
- 08/31/11 03:27 AM
A question of the mind of every homeowner is how can I pay off my mortgage debt faster? Experts agree that making extra mortgage payments to help pay off your balance sooner is a great idea assuming you’ve already paid off (or paid extra on) higher interest rate debts such as credit cards and car loans. The real estate tip most people forget is that the easiest way to save a substantial amount on your mortgage is to choose a 15-year fixed-rate mortgage to begin with. If you compare a 15-year mortgage on $300,000 at 6% interest to a 30-year mortgage … (1 comments)
financing tips: Get The Facts About Credit Score Myths
- 08/17/11 06:17 AM
The mysterious credit score is misunderstood by a shocking number of Americans. Did you know that 4 in 10 Americans never bother to check their credit scores? Nearly everyone knows they have a credit score and they probably venture to explain their credit as horribly bad, decent or great. Sadly enough, oftentimes these are just guesses. Most people don’t bother taking the time to check their credit score on a regular basis and many have fallen for common credit score myths. When it comes time to purchase a home for sale, knowing your credit score and actually reviewing your credit … (1 comments)
financing tips: Home Mortgage Loans: Fixed Rate & Adjustable Rate Mortgages
- 08/15/11 05:15 AM
Last week we discussed the three basic types of mortgages; conventional, FHA and VA. This week we’ll give a brief overview of the options when it comes to interest rates including the fixed and adjustable rate mortgage. Before starting the search for ideal real estate property listings, familiarize yourself with the various types of loans. To help you get started, below is a short overview of what to expect from a mortgage whether it be a fixed rate or adjustable rate. Fixed Rate Mortgages Buyers planning on staying in their home for a long period of time should consider a … (0 comments)
financing tips: Understanding the Differences Between Convential, FHA, and VA Loans
- 08/10/11 02:35 AM
For a first time home buyer, understanding the difference between the three basic types of mortgages can be difficult. It can even be confusing for the seasoned buyer and even for a professional real estate agent. Before starting the search for ideal real estate property listings, familiarize yourself with the various types of loans. To help you get started, below is a short overview of the three basic types of mortgages: the conventional loan, FHA loan and the VA loan. Conventional Mortgages A conventional mortgage is a type of mortgage that has conditions and terms that meet the requirements of … (0 comments)
financing tips: Your Guide to Understanding Real Estate Appraisals
- 08/01/11 02:39 AM
Understanding real estate appraisals is relatively simple. Yet in today’s buyer’s market flooded with short sales and foreclosures, real estate appraisals have been causing problems for both buyers and sellers of residential real estate for sale. Unfortunately, it is relatively common for appraisals to come in too low which can ultimately end an otherwise successful real estate transaction. To help ensure a smooth offer and closing process, sellers may want to consider obtaining a real estate appraisal before listing their home for sale. Doing so will validate the listing price which can give the sellers more peace of mind when … (2 comments)
financing tips: Pay More Save More: Extra mortgage payments could equal big savings
- 06/27/11 02:08 PM
Making extra mortgage payments could equal big savings for homeowners. Most homeowners are well aware of the fact that they’ll be making hefty payments for the next 30-years, or 15-years at the least if they are lucky enough to have a shorter mortgage. Savvy homeowners make every attempt to make extra payments on the principle of their mortgage to shave years off this large financial burden. Making extra payments on your mortgage will cut down the overall length of the loan thus trimming the overall interest paid over the life of the loan. On a 15 or 30-year mortgage, this savings … (3 comments)
financing tips: What not to do right before you purchase a home
- 05/18/11 06:57 AM
Purchasing a new home is typically the biggest financial investment you’ll ever make and the process can be very stressful. The process of searching through the homes for sale, making an offer and actually closing on a home can be a lengthy process, especially for buyers in search of their perfect dream home. Depending on the length of the process, buyers may find themselves in a variety of situations that could affect their home buying power. A change of jobs, marriage, divorce, birth of a new child and relocation all come with a variety of financial changes that may positively or … (2 comments)
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A question of the mind of every homeowner is how can I pay off my mortgage debt faster? Experts agree that making extra mortgage payments to help pay off your balance sooner is a great idea assuming you’ve already paid off (or paid extra on) higher interest rate debts such as credit cards and car loans. 
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