Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. Here’s how you can prepare to answer these questions in a way that will increase your likelihood of approval.
For those homeowners who have lived in their home for more than a few years, pulling equity out of the property is a tempting potential benefit. However, with property values and interest rates adjusting frequently, you may wonder if now is the best time to refinance your mortgage.
During the course of a marriage, it is common for the couple to acquire property together. In this article we’ll share a few tips on how to deal with a joint mortgage loan in the event of a divorce.
Few people in the world can afford to pay the entire cost of a new home upfront, which is why banks and other financial institutions offer mortgages. If you are having trouble getting approved for a mortgage, try using these easy tips.
Homeowners who are struggling to make their monthly mortgage payments can make it easier on themselves by cutting costs in other areas. Learning how to budget effectively will likely enable homeowners to pay their mortgage payments on-time, every time.
Most people don’t know whether or not a single missed mortgage payment can have serious consequences for their credit score.
Credit scores control so much of what we do in the world of finances, but what does your credit score really have to do with your mortgage? Here are three ways that your credit score could impact your mortgage application.
For those who are looking to get a mortgage, the most important factor for having a mortgage application approved is the debt-to-income ratio of the borrower.
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