Missing Your Mortgage Payments: Here’s How to Avoid Foreclosure
Few people who sign a mortgage intend to walk away from it. Still, unforeseen circumstances — huge medical bills, lost jobs, divorce or eroding property values — can overwhelm even the best-intentioned borrower. Missing a house payment by a few days won’t put you in danger of foreclosure. But if […]
HELOC vs. Home Equity Loan: How Do You Choose?
Homeownership provides a potential source of borrowing power: Once you build up home equity, you can tap it as a great source of funds when you need money. The equity — the difference between your house’s fair market value and the balance on your mortgage — can offer some of the […]
Real Estate Math: How Much Home Can I Afford?
As a buyer, one of the biggest hurdles you’ll be faced with is deciding how much you can spend. On the one hand, you’ll definitely want to make sure that you purchase a home that suits your needs, but on the other, you don’t want to be left feeling “house […]
How Soon Should I Refinance My House?
Refinancing your mortgage can be a smart move. Sometimes, you can secure a lower interest rate, make your payments more manageable, or even access equity to make improvements or consolidate debt. However, figuring out whether it is the right time to refinance your home isn’t always easy. Interest rates frequently […]
Funding Your Future: Are You Ready To Be a Homeowner?
If you have been renting for a while you might be wondering if you’re ready to be a homeowner. David Sant from Cyprus Credit Union stopped by, and said it’s a big step, so you’ll need to ask yourself a few questions to determine if you’re ready or not. If […]
FHA loan income limits: Are there any?
Does FHA have income limits? FHA loan income limits should not worry any borrower. Unlike some mortgage programs, the FHA mortgage program has no income ceiling. If you want an FHA-backed mortgage and you’re named in the wills of the rich and famous that’s okay, you’re welcome to apply. But the […]
The latest in entertainment Hide caption Get your finances ready Getting your personal finances in order is a crucial part of a smooth home-buying process. Now’s the time to figure out what price range is affordable for you, how large a down payment you can make and whether you’ll need […]
Can I Get A Mortgage With Bad Credit?
Avoid applying for too much credit and make sure you keep up to date with anything you already have. Each payment made for existing credit that is on time and in full helps to build that credit score! Sometimes, financial problems catch you out and before you know it, you […]
Is It Better To Buy A Home With Cash Or A Mortgage?
The idea of living mortgage-free can be particularly enticing for individuals nearing retirement. At this time, it’s also common for empty-nesters to consider selling the large family home in favor of a smaller property or condo that’s easier to maintain. Homeowners who have lived in a house for a long […]
10 Mistakes to Avoid as a First-Time Homebuyer
As a first-time homebuyer, it can be easy to make some classic mistakes — but you don’t have to fall victim to these. Here are 10 of the most common errors first-time buyers make and how you can easily avoid them: 1. Not knowing what’s on your credit report When […]