Credit life insurance is a specialized type of insurance designed to provide financial protection for borrowers and their families in the event of the borrower’s untimely death. This insurance is often associated with loans, including mortgages, and is specifically tied to the outstanding balance of the loan. In the case of a home purchase, credit […]
Homeownership is more than just having a place to call your own – and it’s filled with many benefits. Among its many advantages, homeownership is a powerful safeguard against inflation and is a strong asset for long-term wealth accumulation. I highly encourage you to read the following on why owning a home can be one […]
American homeowners have a record amount of equity in their home. Many of these homeowners would like to cash out part of that equity but don’t want to trade an historically low interest rate for one that is as high as it’s been in 20 years. Instead of refinancing their home, an option is to […]
Just think of this scenario – you’re on the verge of securing a mortgage, and a slightly higher credit score could mean a lower interest rate. Want some good news? There’s a quicker way to make that possibility a reality. Mortgage loans are often more time-sensitive than other loans. If you find yourself in a […]
A real estate transaction often involves substantial financial investments and emotional considerations which can all lead to stress. To streamline this process, adopt these effective strategies that promote a smoother journey. You’ll want to begin by clearly outlining your primary motivations for either buying or selling a property. By eliminating distractions and maintaining a focused […]
I’m sure you’ve come across many different types of mortgage loans – there are probably more out there that you never knew existed until you started your search. Making a well-informed decision about securing a mortgage loan is vital. It involves understanding all of the available options and considering many relevant factors. Take the time […]
A home is not just a place to live – it’s also a valuable asset which can contribute to long-term wealth accumulation. There are two key factors which play a very vital role increasing a homeowner’s wealth, and those are appreciation and amortization. The key is understanding how those two factors work, and how they […]
Want to go shopping? Have you ever thought about shopping for a lower mortgage rate? If not, you may want to consider it. If you decide to go shopping for a lower mortgage rate, one thing you do need to consider is that not all lenders share the same business practices. Some of them may […]
Closing costs – we’re pretty sure you’ve probably heard that term at one point or another. There are fees and expenses associated with mortgages that must be paid by the closing date for closing costs, and pre-paid items, in addition to the down payment. These amounts can vary according to the type of loan, mortgage […]
Homebuyers in 2022 experienced a huge shock – soaring mortgage rates which doubled in one year resulting in approximately 15 million mortgage ready buyers displaced from the market due to affordability issues. As of February 23, 2023, the 30-year fixed rate mortgage was at 6.5%. While that is twice as high as it was on […]
