Home Loan Documentation Checklist
July 21, 2010
Required Home Mortgage Documents Whether you’re applying for a home loan or looking at mortgage refinancing you’ll have to fill out a lot of paperwork and provide documentation of your income and assets before the bank will process the loan. In our case we filled out a general loan application up front in order to […]
Home Loan Closing Costs
July 13, 2010
The closing costs for a home loan are something that won’t show up in in the results of a mortgage calculator. When you enter the loan amount, the term, and interest rate a loan calculator gives you back your projected monthly home mortgage payment and sometimes an amortization schedule. Don’t Forget Closing Costs Although the mortgage […]
How Your Credit Score Impacts Interest Rates
July 12, 2010
Your credit report plays a major role in the interest rates you qualify for when you apply for a home loan. A good credit score could save you a lot of money in mortgage interest charges over the life of your new loan or refinance. Credit Scores Affect Interest Rates I saw this first hand […]
Summer Money Review
June 3, 2010
Summertime is finally here and last month we covered two summer-related topics, college graduation and putting your house on the market. College Graduates We looked at two things that seniors should be thinking about, insurance for college graduates and the importance of credit scores for college graduates. We also went over some of the best jobs for […]
Sell Your House Faster By Fixing These Problems
May 12, 2010
If you’re trying to sell your house, you’ll have to fill out a Sellers Disclosure form that alerts potential buyers to any possible problems with your home. If you put your house on the market and your Sellers Disclosure form has a long list of issues, buyers may walk away and look for a different […]
How to Find a Realtor to Sell Your House
May 11, 2010
When you have a house for sale, you want local realtors who know your area and will get your home in the mls listings and on realtor.com Unless you live in a small town you’ll probably find lots of real estate agents who meet those property listing criteria so how do you find the best realtors […]
How to Prepare Your House to Sell for More
May 6, 2010
Preparing your house for sale can be a daunting task. When you’re selling your home, there are things about your house you might not notice or mind that can make a big difference with potential buyers. Even if these fixes or improvements seem small by themselves, taken as a whole they can have an impact on how much you […]
Reverse Mortgage Disadvantages
November 28, 2009
Reverse mortgages were the topic of a post several weeks ago in which we promised to take a look at the downsides of seniors using a reverse mortgage in retirement. Here are some of the disadvantages of using a reverse mortgage to borrow against the equity in a home. Builds up Debt Traditional mortgages allow […]
Real Estate Short Sales Explained
November 20, 2009
Real estate short sales have become more common in the tough housing market of the last few years. A short sale is an attempt to sell a home instead of the bank taking it back by foreclosure. This sale can partially salvage the homeowner’s credit rating and lift the stress of large mortgage payments. If […]
Five Tips on Buying Foreclosures
November 18, 2009
Buying a foreclosed home can be a great way to get a deal on real estate but it can be daunting if you’ve never done it before. Here are a few tips to consider when you’re thinking about buying a foreclosure. Know Thy Neighbor – Remember, when you buy a home, it’s like getting married. […]
