Arranging a mortgage

Mortgage overview

Mortgage overview

Posted in Buying / Arranging a mortgage

Most people who purchase a home require some financial assistance. That is, they require someone to lend them sufficient funds to cover the price of a home. Most often, this financial arrangement is handled through a bank or other institution through a MORTGAGE. A mortgage is a legally...


Choose a mortgage to meet your needs

Choose a mortgage to meet your needs

Posted in Buying / Arranging a mortgage

When you are buying a home, the type of mortgage you choose, the down payment, the amortization period and even the payments make a difference. To get you started, here is a review of the most common types of mortgages. Assumable mortgage By assuming the existing mortgage, you may be able to...


Qualifying for a mortgage

Qualifying for a mortgage

Posted in Buying / Arranging a mortgage

Applying for a mortgage is a straight-forward process. When you are prepared, it is unlikely you will receive any surprises. A mortgage lender needs information about your work history, debts and assets to establish your credit worthiness and ability for repayment. The bank will establish...


How to make the most of your mortgage

How to make the most of your mortgage

Posted in Buying / Pre-Shopping / Arranging a mortgage

While you are shopping for a new home, do not forget about your mortgage. Take the time to shop at several institutions. Compare terms, rates and payments. Small items like terms, rates and payments can cost you or save you thousands of dollars over the life of your mortgage. The following...


Shave years off your mortgage

Shave years off your mortgage

Posted in Buying / Arranging a mortgage

Whether you are buying your first home, or have been making mortgage payments for years, you may be thinking about reducing this obligation, faster. In fact, changing your term, the payment amount and even making lump sum payments could pay down your mortgage more quickly. Reduce the...


Don’t forget about these costs when buying a home

Don’t forget about these costs when buying a home

Posted in Buying / Arranging a mortgage

Buying a home is a milestone, whether it is your first, third or fourth. In addition to the price of a home, there are some other costs you’ll incur. Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. Not all costs apply to every sale...