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Tag: Mortgage Loan Shopping

Tag: Mortgage Loan Shopping

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Rural Mortgages for Those That Like Country Living

Living in the city can be incredibly convenient. Having pretty much anything you need within minutes- possibly walking distance- is awesome. It definitely saves money on gas, but there are some things that living in the city just does not offer. I had the privilege of growing up in the country. I had a huge ...

Fixed Versus Variable Rate Mortgage Loans Explained

Buying a home: what an exciting time! It might be simpler if mortgages were one size fits all. It would be nice if you knew you would get approved, that you would get the best interest and repayment terms because there was only one type. Like, you know ahead of time that you will go ...

No Closing Cost Mortgage: We All Like No Cost

A no closing cost mortgage can be a bit confusing but it’s one of the residential mortgage types that are available to you. With this term, you may think that the fees are being paid by someone else or being waived completely. With a no closing cost mortgage, you are instead paying the closing cost with your loan balance ...

Mortgage Broker Versus Banks Explained

Buying a house is an important part of life. It is exciting, scary, and stressful all at the same time. There are so many things that you should know when you are preparing to buy a house. When you feel like you do not have all the information, it can be a more stressful time. ...

Refinance Your Mortgage At Historically Low Rates

Refinancing is a process of obtaining a new mortgage to substitute your current mortgage. The new funds you obtain are used to pay off the remaining payment of your current mortgage, and then you will be accountable to repay the new loan. Like with the current mortgage, the new loan will need application charges, title ...

Your Guide to Understanding the Mortgage Process

A mortgage is a loan on a property. A house mortgage is for your home. This loan is paid back over time with an interest rate you and the lender both agree on. It’s different than a traditional loan because the lender has the right to take the property if payments are not made. This can be ...

Common Home Mortgage Terms and Definitions

You want buying a house to be simple. It is not. You might end up lucky and only need to view a handful of homes. More likely though, you’ll look at least ten houses. Some will have the right price. More than likely, you’ll settle on a home that comes close to the price and ...

When Is The Right Time to Refinance Your Mortgage?

Buying a home is one of the most important decisions that people make during their lifetime. However, the process makes for an expensive investment, making it necessary to ensure proper financial planning before making the purchase. With property prices going up by the day, a good number of people turn to mortgages to help them ...