Tag: Mortgage

Is an Adjustable-Rate Mortgage a Good Idea?

Is an Adjustable-Rate Mortgage a Good Idea?

If you’re shopping for a mortgage, you need to decide whether to choose one with a fixed or adjustable interest rate. An adjustable-rate mortgage, or ARM, might be a good idea if you’re only planning to stay in your home for a short period of […]

How Much Can You Afford in Monthly Mortgage Payments?

How Much Can You Afford in Monthly Mortgage Payments?

Homeownership is a dream for many people, but some take on more debt than they should. If you’re thinking about buying a house, consider your income and current and potential expenses. How Mortgage Lenders Decide How Much Applicants Can Afford Lenders look at the total gross […]

Differences Between Jumbo and Conforming Loans

Differences Between Jumbo and Conforming Loans

If you’re thinking about purchasing an expensive home, it’s important to understand how jumbo and conforming loans differ, and the pros and cons of each. Choosing carefully could help you save a lot of money over the term of your mortgage. Key DifferencesA conforming loan […]

Expert Insights: Can You Negotiate Interest Rates?

Expert Insights: Can You Negotiate Interest Rates?

A few lenders will negotiate the mortgage rate and number of points on a loan; however, this is more the exception than the rule with established lenders. As always, shop around and know the market before you enter a lender’s office. Rates are often published […]

Loan Assistance Options for Disabled Homebuyers

Loan Assistance Options for Disabled Homebuyers

With about 56.7 million people living with a disability in the United States, according to Census Bureau data, there are plenty of disabled people who may need help buying a home. The good news is, help is available. Here are some laws and programs designed […]

Paying Off Your Mortgage in 15 Years vs. 30

Paying Off Your Mortgage in 15 Years vs. 30

Paying off your mortgage early and living mortgage-free so you can use the money for other things—such as travel and an early retirement—can sound like a pipe-dream that’s impossible to get to, but it doesn’t have to be. If you have a 30-year mortgage, there […]