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Expert Advice on Mortgage Brokers

November 6, 2013 by Daniel

While hiring a mortgage broker is more advantageous for most new homebuyers than working directly with lenders, it still pays to screen them for professionalism. Taking a few minutes of your time to ask your broker some serious questions can you save you from experiencing problems when you are ready to buy your dream home. Following are 10 questions that you should ask your mortgage broker before committing to any terms.

1. Are you affiliated with any lenders?
Some mortgage brokers work with only a limited number of brokers, which places a limit on your available options and prices.

2. Are you licensed or certified by the state?… Read the rest

Filed Under: Mortgage

How to Save on Your Mortgage Payments in 2013

March 21, 2013 by Daniel

If you’re like most homeowners you probably spend about 30% of your net income on your mortgage.  That’s normal but bit still is a large chunk of your earnings and, if it can be lowered, why not lower it?  With that in mind we have an excellent list of the best ways to save on your mortgage this year so take a look and, if you see something that may help, by all means please use it and save some money.  Enjoy!

Use your tax refund to make a bigger payment on your mortgage or use the extra money from a windfall to do the same. … Read the rest

Filed Under: Mortgage

Debt Consolidation Mortgage: A Slippery Slope Indeed

July 12, 2011 by Daniel

Have you ever heard of a debt consolidation mortgage? Do you know how it works? I guess you have already heard a lot about debt consolidation because of the growing advertisements everywhere. However, a debt consolidation mortgage is a complete different concept. In a debt consolidation mortgage, you use your home mortgage or a refinancing (second mortgage) on your home as collateral for the mortgage loan. Here, you can use the equity of your home to pay off other debts as credit card debt.

A debt consolidation mortgage may be an efficient instrument to resolve debt. However, it is actually a medication with many risks and side effects.… Read the rest

Filed Under: Mortgage

Don’t Let Your Mortgage Control Your Life

April 21, 2011 by Daniel

With the current mortgage crisis gripping the whole world, and foreclosures still going on at an alarming rate, your mortgage may be at the top of the list. The stress is affecting people everywhere, but you can’t let your loan control your life.

The Crisis Isn’t Over Yet

Though economies around the world are showing signs of recovering, that does not mean we’re out of the crisis yet. Foreclosures are still continuing at an alarming rate, and the stress of keeping up the bills is affecting many people around the world. Here are eight tips to help you beat the heat:

… Read the rest

Filed Under: House, Lessons Learned, Mortgage

Home Loans for the Self Employed

February 28, 2011 by Daniel

Getting a mortgage while being self employed in some cases is more difficult but there are definite methods of receiving a home loan when it is required. It can be, however, quite different to when a person is employed by another company.

The Process of Getting a Mortgage while Self Employed

When a person is running their own home business, but they need a mortgage, the process is very different compared to a regularly employed person. The way that a person assesses their income can be complex. Many times as a result of this difficult process, individuals who are self employed have a hard time receiving the mortgage that they need using their tax returns.… Read the rest

Filed Under: Entrepreneurship, House, Mortgage Tagged With: mortgage

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