Tag Archives | mortgage
mortgage

The 20% Down Myth, And How You Can Now Buy A Home With Much Less

One of the biggest misconceptions about buying a house today is that you need to make a 20% down payment. And let’s face it. That’s holding back a lot of potential homeowners, especially first-time buyers, who just don’t have that much cash in the bank. But the facts are that while a 20% down payment is […]

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Saving On Your Mortgage: When A Good Idea Goes Wrong

Have you ever noticed that trying to save money can end up costing you more? Over the weekend, a friend was telling me how her twenty-something sister bought a new home and took out a 15-year fixed term mortgage. Looking at the numbers, a 15-year mortgage can be a smart move. Not only does a […]

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7 Steps To Qualifying For The Best Mortgage

“Mortgage rates have plunged to record lows, below 4 percent. That’s great — but only if you can actually qualify for a loan, and that’s not easy,”  says Kathleen Lynn, writing for  the New Jersey Record. Lynn has seven tips to help you take advantage of bargain-basement mortgage rates, ranging from polishing up low credit scores, getting pre-approval for […]

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Last Call for Refinancing?

If you are standing on the sidelines waiting to refinance, don’t wait too much longer.  Rates are at historic lows.  “This is an excellent time to refinance,” said Greg McBride, senior financial analyst at Bankrate.com, in a February 2012 Wall Street Journal  interview.  If you can’t decide if a refi is right for you, here’s some factors to keep […]

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