Posts Covering Mortgage Strategy

Read this before you borrow from your 401(k) to purchase a home

When buying a home, you may borrow from your 401(k) retirement plan for your down payment. But it is not always the right choice.

How to rush your mortgage to the closing table

When you close on your mortgage in 30 days or fewer, you can get access to lower mortgage rates than the general population. Here’s how to close quickly.

Avoiding PMI is costing you $13,000 per year

“Experts” tell you to avoid private mortgage insurance (PMI). They don’t tell you, though, that you could be leaving five-figure returns on the table.

Home inspections: A must for every home buyer

When you buy a home, it’s more than just your right to commission a home inspection — it’s your best way to stave off buyer’s remorse. Protect yourself.

Down payment gifts: How to give and receive a cash down payment gift for a home

Step-by-step instructions for accepting a cash downpayment gift on a home, including a ready-to-use gift letter template.

Mortgage after bankruptcy: How soon can you buy a home?

Getting approved for a new mortgage after bankruptcy can happen in as little as one year.

4 types of mortgage companies: Which will give you the “best deal”?

Don’t just compare rates and fees when shopping for a mortgage loan. For instance, some types of mortgage companies can get you approved when another can’t.

Warrantable & non-warrantable condo mortgage rules updated

Demand for condos is increasing nationwide and getting approved for a mortgage just got a little easier. How to qualify, plus access to today’s rates.

How Much Do Extra Mortgage Payments Really Save You?

Making extra mortgage payments sounds like a great idea. But other factors should weigh into the decision, like savings goals and current mortgage rates.

Best mortgages for multi-generational families

Buying a home with family members can be a challenge. But mortgages for multi-generational families can make it easier.

How to shop for a mortgage: Don’t be intimidated into paying too much

Don’t just take a mortgage because it’s fast or easy. Take a little time to shop for a mortgage and save thousands. Here’s how.

How much do you need to know about mortgages to get one?

You don’t need to be an expert to negotiate a great mortgage. It only takes a few minutes if you follow these simple tips.

What mortgage rate history can tell us about the future

How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]

Tips for landlords: why landlords should consider a blanket mortgage

A mortgage for residential landlords Are you unfamiliar with the term “blanket mortgage?” Don’t worry. Plenty of professionals in the financial sector have never been near one. And they know little more about them than you do. But if you invest in real estate — perhaps as a residential landlord — you may find a blanket mortgage […]

Are you financially ready to buy a home?

For many people, it’s part of the American Dream to own a home. Are you thinking of buying a home? Here’s how you’ll know if you’re really ready to do it.

Will Your HELOC Payment Skyrocket In 2018?

Second mortgage payment can increase when the loan “resets,” or enters its full repayment period. Create an exit strategy before your payments rise.

Should I Refinance? – Reduce Your Interest Rate With 2018‘s Low Rates

“Should I refinance my mortgage?” An analytical look at reasons to refinance, plus how to lock today’s mortgage rates with no closing costs.

How To Refinance Your Second Home : 2018 Guidelines, Rates, & Cash-Out Rules

Owners of vacation homes are discovering low rates and easier qualification standards for second home refinances. Get cash out, lower your rate, and make your vacation residence more affordable.

Your state may let you deduct savings for down payments

Some states help with homeownership There is a small but growing number of states that are using their tax systems to encourage would-be homeowners to save for their down payments. Is yours one of those that allow you to make deductions? And how much help might you get? Read on to find out. Down payments […]

This credit card rule makes mortgage qualification easier

A change in the way credit card debt is calculated makes it easier for to get mortgage-qualified. Read more about the change and see today’s live mortgage rates.

More Posts

Home loans for staff and travel nurses 2018: Get approved despite variable pay, non-taxable income & employment gaps

Complete guide to buying rental property

Buying without your credit-challenged spouse

Self-employed mortgage borrower? Here are the rules

How to avoid making a contingent offer on a home

Before making a 20 percent mortgage down payment, read this

How to remove your ex from the mortgage

The 80/10/10 piggyback mortgage is often cheapest

Mortgage qualifying for part-time workers

4 types of PMI: which one is right for you?

Refinancing Your ARM When It’s About To Reset

Mortgage Discount Points: Are They Worth It?

Your best mortgage bank might not be a bank

Self-Employment Is Not A Mortgage Deal-Breaker

The Documentation Required For Today’s Lowest Mortgage Rates

Should I pay down my mortgage or add to my retirement account?

5 Mortgage Calculator Features You Are Not Using, But Should

Use An Online Mortgage Calculator To Find Your Best Home Price

3 Cool Things You Can Do With A Mortgage Calculator

First-time home buyer’s guide: making a down payment

Offer letter loans: Get a mortgage while you’re in between jobs

Dealing with divorce: How to handle your mortgage when you split

Interested Party Contributions: Getting The Home Seller To Pay Your Mortgage Closing Costs

Home equity and HELOC: Refinance or combine

Job Change? You Can Still Get Mortgage-Approved

How To Get A Mortgage If You’re Newly Self-Employed

4 Ways To Keep Your Mortgage Closing Costs Low

FHA Loan With 3.5% Down vs Conventional 97 With 3% Down

4 Ways To Get A Better Mortgage Rate Quote

Report: 6-In-10 Consumers Now Believe Getting A Mortgage Is Easy

2018 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)