Extra $500 a Month on Mortgage Buying a home is one of the biggest financial commitments many of us will make in our lifetime. Once you have secured a mortgage, it’s common to start thinking about ways to pay it off sooner and save on interest payments. One effective strategy is to make extra payments…
One Name on Mortgage, Two Names on Deed When it comes to homeownership, there are various legal documents and terms that can cause some confusion. One common scenario that often puzzles people is having one name on the mortgage while two names appear on the deed. To better understand this situation, let’s explore what a…
Can You Use Bilt for Mortgage? When it comes to financing your dream home, there are various options available in the market. One innovative and unique approach gaining attention is the use of Bilt for mortgage. Bilt is a cutting-edge platform that aims to revolutionize the way individuals approach homeownership. In this article, we will…
Do Mortgage Pre-Approvals Hurt Your Credit? A mortgage pre-approval can be an exciting step in the homebuying process. It provides you with an estimate of how much you can borrow and helps streamline your search for a new home. However, many people worry that getting a mortgage pre-approval might have a negative impact on their…
Best Way to Pay off a Mortgage Are you tired of living with the burden of a mortgage hanging over your head? Worried about the long-term financial implications? Don’t fret! In this article, we will explore the best way to pay off your mortgage and achieve financial freedom. 1. Make Extra Payments One of the…
Mortgage Broker Vs Real Estate Broker In the world of real estate, two important professionals play a key role in assisting individuals with their property needs: the mortgage broker and the real estate broker. While these two terms may sound similar, they actually refer to different roles and responsibilities within the industry. So, if you’re…
Mortgage With Less Than 1 Year Employment Are you dreaming of owning your own home but concerned that your employment history does not meet the usual requirements for a mortgage? Don’t worry! We understand that everyone’s employment journey is unique, and many lenders are willing to consider applicants who have less than one year of…
Can I Put Closing Costs into My Mortgage? If you’re planning to buy a home, you may have heard about closing costs. Closing costs refer to the fees and expenses you need to pay when you finalize the purchase of your property. They typically include charges for services like appraisal, inspection, title insurance, and attorney…
How Often is Mortgage Interest Compounded Are you thinking about taking out a mortgage? Understanding how interest is compounded is crucial to making informed decisions about your mortgage. In this article, we will explore the concept of compounding interest and how it affects your mortgage payments. What is Compound Interest? Compound interest is the interest…
If I Make 2 Extra Mortgage Payments a Year Buying a home is an exciting milestone in life, but managing a mortgage can sometimes feel overwhelming. However, there are strategies you can employ to pay off your mortgage faster and save on interest payments. One such strategy is making two extra mortgage payments a year.…