Wednesday, October 4, 2023 
Reasons to Use a Remortgage A remortgage is a mortgage used to pay off your current mortgage and is something that everyone should consider during their mortgage repayment period. But why? The first reason to use remortgage is to save money. Because mortgages are usually for a long period, a […]
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 […]
You have saved the 10%. You have found the house of your dreams. Now what do you do? In 2023, the mortgage application process is as perplexing as ever, especially if you are a first-time buyer. It seems that whether you are applying for an interest-only mortgage, or a fixed-rate […]
Homeowners who are looking for a better mortgage rate or terms may consider refinancing their home. Refinancing essentially means replacing your current mortgage with a new one. The refinancing process will be similar to when you applied for your first mortgage. That is, you’ll want to do some research to […]
Is term life insurance part of your retirement planning? If it is, do you know what happens when it expires? A term life insurance policy is designed to last for a specific duration called term. Term refers to a fixed number of years or ends when you reach a certain […]
Getting any form of life insurance is a big decision both financially and emotionally. Understanding the different types of insurance ensures that you purchase the one that is right for you and your household, no matter what happens in the future. If you are confused by the different types available […]
Underwriting is the structured process by which financial institutions like banks and lenders determine and price the risk posed by potential borrowers in repaying a mortgage loan. Essentially, it is a systematic and detailed analysis of a borrower’s creditworthiness. The mortgage underwriting process consists of many stages from information gathering […]
What does a Mortgage Broker do? Mortgage brokers are professionals who assist people in purchasing a house or property. Among the many services they provide to a buyer, the mortgage broker will assess their client’s financial situation, discuss their goals, explain the requirements necessary to help achieve the goal, and […]
Many of us Baby Boomers have had to take care of our parents and have seen the devastating financial and emotional effects our parents having to deplete a lifetime of saving and investing to pay for these very costly (and necessary) long term care expenses. Long term care insurance is […]
When we talk about mortgages, we’re talking about an extremely huge ordeal in order to lift ourselves from our financial woes. This means we have to think about the processes we’re taking in order to secure a good deal with the mortgage we’re planning to take. However, we can’t avoid […]
Your home is the single biggest purchase you will ever make, though college tuition is a close second. The mortgage loan is the largest single loan almost all of us ever sign, and ignorance truly costs you. Here are six things you should know before you sign your mortgage. How […]
There are so many mortgage products on the market, it’s hard to keep all of the options straight. Reverse mortgages are one of the options that are a bit of a mystery to most people. This guide will provide an enlightening overview as to what reverse mortgages are, the options […]