You have a mortgage payment that you must pay each month. But what if you have extra money each month that you can either invest in the market or pay towards your mortgage? Does it make sense to put that money into your home or just pay the mortgage as scheduled?Compare Offers from Several Mortgage Lenders.Paying extra principal towards your mortgage obviously helps to pay your loan off … [Read more...]
5 Steps to Improve Your Financial Situation Before Refinancing
Have you decided it’s time to refinance? Maybe you want to tap into your home’s equity or you want to secure a lower interest rate. No matter the reason, you should prepare yourself for the refinance. Most borrowers want to get the lowest rate and best terms possible on their refinance. This is only possible when you prove to a lender that you are a low-risk borrower.Compare Offers from … [Read more...]
How a HELOC can Help with Emergencies
Financial emergencies aren’t fun. They can put you at risk of losing your home, cars, and your credit. Staying prepared is the key. But, today it can be hard to save enough. Financial demands and a higher cost of living make it difficult. If you can’t save enough on your own, you have options. One such option is the HELOC or home equity line of credit. There are pros and cons to this method. But, … [Read more...]
How to Obtain a HELOC with a Low Credit Score
A home equity line of credit can help you gain access to the equity you built up in your home. Unlike your first mortgage, the requirements for the HELOC are a bit more relaxed. In fact, even if you have a low credit score, there are ways for you to obtain approval for this equity loan. You have to know what lenders expect and what you can do to maximize your chances of securing approval for a … [Read more...]
Easy Ways to Save on Your Monthly Utility Bills
Owning a home means more than paying the mortgage. You’ll have other recurring expenses, such as your monthly utility bills. While you can’t go without your utilities, there are ways you may be able to reduce the costs to make them more affordable.Compare Offers from Several Mortgage Lenders. Insulate Your Attic While it will cost you money to insulate your attic, it will pay off in the long … [Read more...]
