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Getting a Mortgage |
Buying a house is, at once,
one of the most exciting
life events we ever
experience and the most
achingly fretful. Without
warning, everything
enjoyable about finding the
home of our dreams can
suddenly be overshadowed by
a mortgage nightmare if
you’re not prepared. It
doesn’t have to be that way.
Armed with the knowledge of
how the mortgage process
works along with proven
strategies for securing the
right home loan, you can be
assured of the best possible
home purchase experience.
The biggest mistake new
homeowners make is to embark
upon their home purchase
quest without a plan. Our
mortgage
guide will provide you with
your mortgage roadmap with
the essential stops you’ll
take along the way:
1. Determine how much house
to buy
2. Get your credit checked
3. Decide which type of
mortgage is right for you
4. Gather your paperwork
5. Select your lender
6. Get pre-approved
7. Search for your dream
home
8. Get ready to close
9. Go for the close
10. Mortgage servicing
Read the full version of our
mortgage guide
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Refinancing - When and Why? |
A mortgage
refinance is
when a borrower
takes out a new
home loan to be
used to pay off
an existing
mortgage. In
most cases, the
new loan amount
is less than the
original loan
because the
principal has
been paid down.
In other cases,
the new loan is
bigger than the
existing loan
because the
borrower wishes
to cash out some
of the equity
that has
accumulated in
the home. In all
cases, the
amount of the
new loan cannot
exceed the
lender’s
loan-to-value
(LTV) ratio
requirement.
Next to taking
out a mortgage
on your home, a
refinance is one
of the most
important
financial events
in your life. If
done properly,
for the right
reasons and at
the right time,
it can save you
thousands of
dollars. Or, it
can turn into
one of your
worst nightmares
when things go
wrong.
Understanding
the ins and outs
of refinancing
is critical to
ensuring yours
is a financial
success.
With our refinancing guide
you will learn the
following:
• What exactly a refinance
is and how it works
• The reasons why you should
consider a refinance
• When you should refinance
your mortgage
• How to streamline the
refinancing process
• Tips for a problem-free
refinance.
Read the
full version of our
refinance guide |
