If you’ve heard the term Lender-Paid Mortgage Insurance (LPMI), this is when the mortgage lender pays off mortgage insurance on behalf of the homeowner. While this kind of insurance can be beneficial for some homeowners, here are some of the basics on LPMI so you can determine whether or not it will work for you.
Category: Home Mortgage Tips
3 Different Types of Loan That Will Negatively Impact Your Ability to Get a Mortgage
A good credit rating is built on a number of financial factors including paying your bills on time and the length of your credit history, but loans can also be a source of bolstering your credit score in a positive way.
Spouse with Bad Credit? 3 Reasons You’ll Want to Consider a Co-signer for Your Mortgage
If you’re concerned about what bad credit will mean for your mortgage and are weighing your options, here are some reasons why it might be important to use a co-signer for your application.
Thinking about Refinancing? 3 Ways That You Can Boost Your Home’s Assessed Value First
In an effort to boost the value of their property, many homeowners invest in renovations that will help them sell at a higher price. However, with all of the renovation options, it can be hard to know what kind of fix-ups are really worth investing time and money into.
Pay down Your Mortgage Faster by Eliminating These Five Unnecessary Household Expenses
The monthly mortgage payment can be one of the most significant household expenditures for a family. However, while it can be a sizeable amount, there are certain household things you may be able to eliminate that will help you put down more money and pay your mortgage off a little faster.
Understanding Automated Underwriting and How It Impacts the Mortgage Application Process
From the time you’ll have to wait to the documentation that is required, here are some of the details on what you can expect when dealing with an automated underwriter.
Need to Discuss – 3 Tips When Shopping for a New Home Loan
Finding a new home loan can seem challenging, but if you take the proper steps before you start applying for loans, you’ll have no difficulty finding a mortgage that works for you – and a lender that would love to have you as a borrower. Shopping for a mortgage isn’t like shopping for a couch, and there’s a lot that goes into the process.
So how can you shop for your new home loan in a way that saves you time and gets you the best loan for your needs? Here’s what you need to know.
On a Variable Mortgage? 3 Signs Your Mortgage Payment Is About To Increase
For many homebuyers who are new to the market, it can be very comforting to be on a fixed rate mortgage where fluctuating interest rates cannot have an impact on your monthly payments. While a variable rate mortgage can sometimes lead to significant savings at the end of the day, there are a few ways you can tell if your monthly payment is on the upswing.
3 Tips to Consider when Shopping for a Second Mortgage
Whether you’re considering a second mortgage to consolidate your debt or complete some home renovations, there can be a lot that goes into making this financial decision. If this is an option you’re seriously considering, here are some basics to know before deciding to on this route.
3 Mortgage Mistakes That Could Be Costing You Money
Purchasing a home can be one of the most exciting and stabilizing investments of your life, but because of the expense, there are many ways you may be spending more money than you should. If you’re wondering about the financial soundness of your home investment, here are some things to consider before putting anything down.
Emma Butler Group- Mortgage Tips & Community 