Tips for Mortgage Brokers

Mortgage brokers are licensed professionals whose main job is to solicit potential borrowers and find/negotiate mortgage loans. As a broker, you should have several established relationships with lenders in order to have an array of choices when it comes to loan programs. You are basically the go-between the borrower and the lender throughout the loan […]

The Home Loan Process Simplified

Buying a home is an exciting time, but the process of actually getting the home loan can be frustrating for many buyers. Between the endless mounds of paperwork and the lack of control you feel, the loan process can be intricate and complicated. You can gain a sense of control as a homebuyer during this […]

How to Improve Your Chances of Getting a Refinance

Now that interest rates are at their historical lows, many homeowners are exploring the possibility of getting a refinance. By refinancing your existing mortgage, you can enjoy today’s low interest rates. It is true that current mortgage rates are pretty low; still getting a refinance is tougher than you think. Thanks to the refinance boom, […]

Understanding the Different Kinds of Mortgage Lenders

While shopping for a home loan you might come across terms like retail lenders, direct lenders, mortgage brokers, and wholesale lenders. Many borrowers simply look at the terms and the interest rate and if they are satisfactory, they go ahead and purchase the loan. They don’t really bother to find out what sort of lender […]

Creative Solutions to Help Close a Real Estate Deal

Often buyers and sellers come very close but something prevents them from signing the deal. They may make numerous offers and counter offers and still they may not able to agree on a price. The buyer may want the seller to reduce the price by a few thousand dollars. Sometimes there is another issue that […]

Tips for First Time Home Buyers

In the present scenario, home prices have come down in most markets and so have the interest rates. These are enough motivating factors for you to consider buying your first home. If youā€™re making plans to embark on the exciting adventure of shifting out of rented accommodation andĀ being among theĀ proud first time home buyers, you […]

When to Refinance a Mortgage

Refinancing can cost between 3 – 6% of the total value of a loan. The best time to refinance a mortgage is when the savings are more than prepayment penalties, refinancing costs, and other expenses. 1. To transfer their loan to a lender that charges a lower rate of interest There is a traditional refinancing […]

The Impact of Mortgage Refinancing on Your Net Worth

We’ve often seen consumers go ahead with refinancing mortgages for lowering monthly payments without thinking about its effect on their net worth. Since a mortgage is an instrument of debt which is used for financing an asset, it appears as a liability on the balance sheet of a household. So to determine the net worth […]

Types of Refinance Mortgages

Refinancing can be tricky business for some homeowners. The most common mistake that most people who are looking to refinance make is failing to understand the refinancing process. Being educated about refinancing can really help you in the long run. Refinancing is an opportunity to take advantage of new, lower rates and save on mortgage […]

Can You Refinance Frequently?

Home loan interest rates have moved downwards to never before levels and youā€™ve recently refinanced your mortgage. How soon can you go in for another refinance? In the current scenario, this is a very valid question. According to the law, youā€™re free to go ahead but you need to consider the pros and cons before […]