Does an Eviction Affect Getting a Mortgage? When it comes to securing a mortgage, there are many factors that lenders consider before approving an application. While having an eviction on your record can certainly complicate the process, it doesn’t automatically disqualify you from obtaining a mortgage. The Impact of an Eviction An eviction is a…
What is a Mortgage Bond for Dummies Are you a first-time homebuyer or someone who wants to understand the basics of mortgage bonds? Look no further – this article is for you! In this guide, we will break down the concept of mortgage bonds in simple terms that anyone can understand. Let’s get started! Understanding…
What Happens When You Pay off Escrow on a Mortgage Buying a home is an exciting milestone, and for most homeowners, paying off their mortgage is a goal they’ve been working towards for years. When you finally reach that point, it’s not uncommon to have questions about what happens next, especially when it comes to…
200K Income: How Much Mortgage? Welcome to our blog post on how much mortgage you can afford with a 200K income. Buying a home is a major life decision, and understanding how your income influences your mortgage options is crucial. Let’s dive in and explore your borrowing power based on your income level. Understanding Your…
Can You Be on a Deed But Not a Mortgage? When it comes to real estate ownership, many individuals often confuse the terms “deed” and “mortgage”. While both these terms are related to property ownership, they serve different purposes. It is possible to be on a deed but not on the mortgage, and understanding the…
Mortgage Credit Union Vs Broker When it comes to getting a mortgage, you have two main options: working with a mortgage credit union or hiring a mortgage broker. It can be challenging to determine which one is best suited for your needs. In this article, we will compare the mortgage credit union against the mortgage…
Pay Mortgage With Credit Card Plastiq Are you looking for a convenient and flexible way to pay your mortgage with a credit card? Look no further than Plastiq! With Plastiq, you can easily turn your credit card into a payment method for your mortgage, offering you greater convenience and potentially even rewards. In this article,…
Guaranteed Rate Vs Rocket Mortgage When it comes to obtaining a mortgage, it’s important to compare different lenders to find the one that best suits your needs. Two popular choices for mortgage lending are Guaranteed Rate and Rocket Mortgage. In this article, we’ll compare the two to help you make an informed decision. Overview of…
What Percentage of Mortgage Payment Goes to Principal When it comes to taking out a mortgage, one of the most important factors to consider is what portion of your mortgage payment goes towards the principal. It’s important to understand this breakdown as it directly impacts how quickly you can pay off your loan and build…
Does Unemployment Affect Getting a Mortgage? Unemployment can be a challenging situation for anyone. It not only affects your financial stability but may also impact your eligibility for certain financial services. One question that often comes up is whether unemployment affects your ability to obtain a mortgage. In this article, we will explore this topic…