How to Compare HELOCs From One Lender to the Next
Over the past year or so, home equity lines of credit (HELOCs) have become a lot more popular. As a quick refresher, HELOCs are typically… Read More »How to Compare HELOCs From One Lender to the Next
Mortgage Tips
This was the first category I created when this website was created in 2006.
And it’s really why I launched the site to begin with. To educate prospective home buyers and existing homeowners.
Simple guides and practical mortgage tips can help you better understand and prepare for the home loan process.
Same goes for answering mortgage questions and brushing up on the latest mortgage lingo.
Sometimes home buyers focus exclusively on the real estate piece while ignoring the home loan part.
This can result in some bad decisions when it comes to getting a mortgage. Or simply overpaying because of missteps (or a lack of shopping around!).
Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
You’re not financing a TV, or a car for that matter. It’s a big purchase and it deserves a lot more time and attention.
Arm yourself with knowledge early on and you’ll likely enjoy a better outcome.
What Is Cash to Close?
When you take out a mortgage, whether it’s a refinance or a home purchase, you may come across the phrase “cash to close.” Virtually all… Read More »What Is Cash to Close?
Who Are All the People Involved in the Home Loan Process?
One interesting aspect of the home loan process is the sheer number of individuals you’ll work with along the way. You don’t just speak to… Read More »Who Are All the People Involved in the Home Loan Process?
The Silver Lining of High Mortgage Rates
I don’t think it would be much of a stretch to assume nobody likes high mortgage rates. They make it more difficult for prospective home… Read More »The Silver Lining of High Mortgage Rates
One Really Simple Way to Offset a Higher Mortgage Rate
We all know mortgage interest rates have increased tremendously. While there were periods of relief here and there, the trajectory since early 2022 has been… Read More »One Really Simple Way to Offset a Higher Mortgage Rate
What Will It Take for Mortgage Rates to Fall Again?
It’s been a rough month or so for mortgage rates. If we zoom out even further, it’s been a horrendous 18 months, with the 30-year… Read More »What Will It Take for Mortgage Rates to Fall Again?
It’s Mortgage Principal, Not Principle
Principal vs. Principle Attention loan officers, mortgage brokers, real estate agents, and so on The words “principal” and “principle” are two very different words They… Read More »It’s Mortgage Principal, Not Principle
Options Other Than Refinancing Your Mortgage
With 30-year mortgage rates now above 7%, a refinance likely isn’t in the cards for most homeowners. In fact, the total number of refinance candidates… Read More »Options Other Than Refinancing Your Mortgage
Why Are Mortgage Rates So High?
At last glance, the 30-year fixed mortgage was back above 7%, depending on the data source. Prior to late July and early August, the popular… Read More »Why Are Mortgage Rates So High?
3 Reasons Why You Need to Compare Mortgage Brokers Too
While the most advantageous reason to use a mortgage broker might be their ability to shop your rate with multiple lenders, you still need to… Read More »3 Reasons Why You Need to Compare Mortgage Brokers Too