Home Mortgage Tips Archives - Page 13 of 23

Team Mortgage Mikes March 18, 2022

Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Purchasing a home is often considered an important step in one’s financial life. If you’re planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success.

Team Mortgage Mikes March 3, 2022

Can You Refinance into a VA Mortgage from Another Type of Mortgage? Yes, If You Qualify

VA mortgages stand out as one of the biggest benefits to men and women serving in the military. Although private lenders make the loan, the Department of Veterans Affairs guarantees all VA mortgages, which is why these loans come with favorable terms and benefits not found with other mortgage types.

Team Mortgage Mikes February 17, 2022

Save Some Additional Cash with Our Guide to Lowering Your Monthly Mortgage Payment

If you are like many other homeowners, your home mortgage payment is the single largest expense in your monthly budget. This is a fixed expense that you will typically be responsible for until your loan is paid in full or until you sell your home, and you may have a 15, 20 or even 30 year term on your mortgage.

Team Mortgage Mikes February 11, 2022

How to Calculate Your True Cost of Living and Determine How Much Mortgage You Can Afford

If you’re in the market for a house and are wondering how your income will stack up against the rest of your expenses, here’s how to determine a home cost that’s reasonable for you.

Team Mortgage Mikes February 2, 2022

Refinancing Your Mortgage: Understanding the Various Types of Refinancing

In today’s blog post we’ll introduce mortgage refinancing and discuss a few of the ways that you can use this tool to help accomplish your financial goals.

Team Mortgage Mikes February 1, 2022

5 Uncommon Mortgage Terms You Need to Know

When it comes to finding a new home, there are lots of complex ratios, terms, and contracts that you’ll encounter – and at times, it’ll feel like you’re trying to navigate a minefield. If you’re not careful, you may find yourself signing on for a mortgage that doesn’t suit your needs – or one that could financially ruin you. Here are five mortgage terms you may not encounter regularly that you’ll need to know when buying a home.