Mortgage protection insurance (MPI) can provide an excellent safety net for your home if you lose your income due to job loss, disability or an illness. If you are looking to take out an MPI policy, it’s good to know a few things beforehand. First, it’s important to understand that […]
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Mortgage Advice for First Time Buyers in the UK
Buying your first home is an exciting and rewarding experience; a real milestone for all of us. But have you actually given proper thought to whether you can really afford it – and are you prepared for the mortgage application process? So, you’ve been house hunting, trawled through hundreds of […]
Pipeline Management for the Mortgage Industry
If there is one industry that has changed in recent years, it is the lending industry. This is particularly true considering mortgages, as sweeping changes took place after the credit crisis in 2008. Now, more than ever, it is important for those in the mortgage industry to pay attention to […]
How The Federal Reserve and Others Are Affecting Mortgages
Homeowners and potential buyers need to educate themselves with interest rates, the bond market, and mortgage rates. Those considering how their mortgage options may change should pay close attention to the bond market and changes in Federal interest rates. Assessing and analyzing these factors will help determine what potential buyers and refinancers […]
The Appeal of the Adjustable Rate Mortgage Returns
After several years of fixed rate mortgage popularity, consumers are once again looking at their options. Low rates and unsettling housing conditions sent most consumers to utilize fixed rates because of their stability. Now, the appeal of the adjustable rate mortgage is returning to ordinary borrowers, especially as mortgage rates […]
Understanding The Basics of Mortgage Loans
Nowadays people are afraid to take loans. This is partly due to uncertain economic situation of the entire world, which may cascade down as job loss, and partly due to the personal impressions about loans. People have possibly burnt their fingers by borrowing heavily, or have seen somebody they knew […]
How to Obtain a Mortgage During Recession
Buying a property is a big decision. Ongoing costs like mortgage repayments, bills and repairs can prove expensive. With a mortgage you won’t be able to sell the property until you pay it off and if you fail to make your repayments each month then your lender can repossess the […]
How Your Credit Score Impacts Your Financial Future
According to FICO, the average credit score in America for 2021 is 716. In general, this is a good credit score, but it’s only the average score, and about 11.1 percent of American consumers have poor credit scores, i.e., scores less than 550. Are you one of them? Credit scores […]
Top 5 Ways of Funding Your Home Renovation
We all know that renovations are necessary. Just like any other thing your home is subject to wear with the passage of time. Renovations can be really taxing in terms of time, energy and money for the homeowners. If you think you don’t have enough funds to renovate your home […]
First-Time Homebuyer? What Kind of Programs Are Available?
According to an Apartment List survey of 24,000 people in 2016, around 80 percent of millennial renters want to buy a property but are unable to afford the mortgage & down payment combination. The largest obstacle is unquestionably coming up with a 20 percent down payment. This is the magic […]
Staying Informed Can Make or Break Your Finances
There’s an old saying that knowledge is power, and there’s no doubt that this applies to our financial lives. The more we know about what’s going on and how things work, the better we can position ourselves to maximize our financial gains. And by the same token, those who are […]
How to Choose the Perfect Location when Buying a Home
“Location, location, location” is a chant you might have heard from real estate agents and wondered what the fuss was about. Well, there are a lot of things to consider when buying a home. And while down payment, mortgage rates, and debt-to-income ratio are crucial, people usually forget to factor in […]