So what exactly is a jumbo mortgage? How is it different from a standard mortgage, and what does that mean for your refinancing options? Hereâs what you need to know.
Tag: Mortgages
FICO Scores 101: How to Shop for a New Mortgage Without Harming Your Credit Score
It’s difficult to begin shopping around for a new mortgage without the facts on how this can affect your FICO score. Thankfully, not all credit checks are created equal and they do not affect FICO scores in the same way.
Looking Ahead: How to Ensure That You Are Taking Full Advantage of Mortgage Tax Credits
One of the major benefits to purchasing a home with a mortgage are the tax credits that can be taken advantage of when April 15 comes around. Many homeowners are unaware of what mortgage related expenses can be deducted and, more importantly, which ones can no longer be deducted.
Critical Documents That You’ll Need to Have Ready Before Applying for a Mortgage
If not done properly applying for a mortgage can be stressful and time consuming, but with the right preparation the entire process can be seamless. Here are some crucial pieces of information that almost any lender will require before approving a mortgage.
First-Time Home Buyer? 3 Budgeting Tips to Help Make Your Mortgage Payments Easier
Buying a new home is an exciting time, but excitement can easily turn to stress if there isn’t enough money to pay the monthly mortgage bill. The added expense can take some time to get used to, but there are ways to make the payments easier, especially in those first few months when money is the tightest.
The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs
It’s amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer.
What is HARP 2.0 And How Do I Know If I Qualify To Refinance With It
If you’re looking for home refinancing options, you may have had difficulty in the past – especially if you owe more than your home’s value on your mortgage. Getting refinancing consumes much of your home equity, which is in short supply for people who already have a mortgage. But with the government’s extension of the HARP Program, you may now be able to refinance your home with a variety of lenders.
A Step-by-step Guide to Preparing Your Finances for the Mortgage Pre-approval Process
Being pre-approved for a mortgage isn’t just a way to get a step ahead, in many cases it’s a necessity to buying a home. Many sellers don’t want to go through the negotiation process of selling their home only to have the buyer drop out when they can’t get approval for the mortgage they were relying on.
3 Reasons Why the Cost of Title Insurance is Worth the Investment
Title insurance protects the owner of a home from any claim made against their property, whether or not they are responsible. These include unpaid mortgage balances on the home, an improper foreclosure or any form of real estate fraud perpetrated by the seller.
A Quick Guide to the FHA Streamline Refinance Mortgage Loan Program
Many homeowners would love to lower their interest rate or take advantage of other benefits associated with refinancing, but they are concerned about the time and expense associated with refinancing their current mortgage. The FHA Streamline Refinance loan program is designed to provide those who currently have an FHA loan with an easier way to refinance their mortgage, and this may be a desirable option for many.
Emma Butler Group- Mortgage Tips & Community 