Mortgage Advice

  Photo by Ketut Subiyanto from Pexels For many prospective buyers, a house-hunting journey begins at an open house. Of course, there is nothing like falling in love with a property at first sight and imagining your family growing in your dream home! And yet, if you are serious about your home search, the first step is to get pre-approved for a mortgage. A pre-approval can help you be clear on...

The average mortgage size in the US has reached a new record in February 2022. As a result, people looking to buy homes may be facing one of history’s priciest housing markets ever. If you’re considering purchasing a home in the United States, here’s what you must know about the rising mortgage size. Mortgage Size in the US Has Reached a New RecordThe interest rates of mortgages are...

Paying off your mortgage early can save you tens of thousands of dollars in interest. But don’t you need to have a lot of extra money coming in? Not necessarily. You can pay your mortgage off early without putting any extra strain on your budget, and without even paying a ton of extra money every month. Sometimes, it’s as simple as paying half your mortgage payment amount every two...

Purchasing a home can be a harrowing experience. Between the requirements you must fulfill under your contract and those by the lender, coming into the final stretch can offer a huge sense of relief. Unless, of course, your lender comes back at the last minute and denies your application for a mortgage. Unfortunately, a lender has every right to come back and deny your loan, even if everyone is sitting at...

Natural disasters are known to wreak havoc on buildings and properties. Such widespread destruction, especially on homes and personal property, significantly impacts mortgage servicing. With the increase in wildfires, floods, and hurricanes incidences over the past 10 years, mortgage lenders have all the reasons to be concerned. As such, lenders and servicers offering loans in natural disaster-prone...

  As a property owner who purchased a home on a mortgage, you may find yourself in a difficult financial position every now and then. Fortunately, you can consider a second mortgage when an urgent need arises and you can't think of other ways to fund that particular obligation or emergency. Tapping into your home's equity may be a good idea if you want to take care of urgent and significant...

Make sure you know the basics about mortgages to make a smarter choice. While it’s complex, it’s important to understand—and it’s not rocket science. Opting for a mortgage is a big decision and one that should be taken after weighing all the pros and cons. The key focus should not just be on what your monthly liability is going to be, but what interest rates you will be paying....

Buying a new property can be one of the most important things you will do in your life, whether it’s a first home or investment property. A lot of money is at stake, not to mention reams of paperwork to read through before you sign on the dotted line. Sometimes, having a mortgage broker on your side can offer unparalleled peace of mind. Watch out for some of the following qualities, so you know which...

If you’re looking into equity release for the first time, you may not know exactly how it works or what options that are available. Equity release, sometimes referred to as a lifetime mortgage, is a long-term financial product, so you need to think carefully about your options and consider what you may want in the future too. It’s important that you speak to a specialist equity release...

  Getting a mortgage is a slog. There are no two ways about it. It’s a headache trying to find the best deal and jump through all the appropriate hoops at the same time. It’s even worse for first time home buyers who usually have little to no idea what they are dealing with. That’s where a mortgage broker comes in. A middleman who saves time by doing the legwork for you, hunting...