23
Jun
By Jim Hasek
Home Mortgage Tips, ,

Understanding How Mortgage Calculators Work and When to Make Use of One

Investing in a home is a big financial decision, and along with the decision to buy is the question of how much mortgage you'll be able to afford. While your debt-to-income ratio can be helpful in determining the range for your mortgage amount, a mortgage calculator can be a beneficial tool in coming to a potential price. If you're curious about how and if this financial tool can benefit you, here are the details about using a mortgage calculator. What Does It Do? It's very important to ensure that you can afford your mortgage before signing on the dotted line,…
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21
Jun
By Jim Hasek
Home Mortgage Tips, ,

3 Ways to Earn Some Spare Cash to Help Pay Your Mortgage Down Faster

A mortgage is one of the most expensive purchases you'll make in your life, and for many, the idea of being indebted to it for years can seem like quite a burden. However, while you won't necessarily be able to pay off your home with instant savings, there are ways that you can pay it down more quickly. If you're wondering how to drum up some extra money for your mortgage, you may want to consider the following options. Refinance Your Mortgage One of the best ways to get a hold of extra funds is by lowering the amount you…
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14
Jun
By Jim Hasek
Home Mortgage Tips,

Dealing With a Tight Housing Market? 3 Tips to Ensure You Get the Mortgage You Need

In many cities around the country, real estate prices are on the rise and potential buyers are working hard to find a home they can feel good about. However, finding the right home in a tight market can be even more of a challenge when it comes to striking the right balance. If you're hedging around the market in the hopes of finding the perfect home, here are some things you should do to ensure you don't miss out on a good opportunity. Keep An Open Mind When wading into the real estate market, it can be very easy to…
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09
Jun
By Jim Hasek
Home Mortgage Tips, ,

Mortgage 101: This Is How Mortgage Refinancing Works, in Plain and Simple Terms

There are so many unfamiliar terms involved in the real estate market that it can be easy to be confused by the jargon. However, some words are more important to learn than others if they can end up benefiting you in the long run. Whether or not you've heard of mortgage refinancing, here are the basics on what this may mean for your home and whether or not it's an option you should consider. Acquiring A Lower Rate If you're new to refinancing, the primary reason that most homeowners choose this option is to get a lower interest rate and…
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07
Jun
By Jim Hasek
Home Mortgage Tips, ,

Thinking About Investing in Real Estate? Here’s What You’ll Need to Get a Second Mortgage

The decision to invest in a home is a big one for many people, but if you're making the foray into real estate the second time around, it's even more important to be financially aware and prepared. If you're wondering what you'll need in order to get approved for an investment property, here are some things that you'll want to consider before deciding a second property is in your future. A Larger Down Payment Due to the risk factor involved in taking on more than one loan, acquiring a second mortgage for an investment property will likely require you to…
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01
Jun
By Jim Hasek
Home Mortgage Tips, ,

Can I Qualify for a Mortgage After Declaring Bankruptcy? Yes — and Here’s How

It may feel like a very daunting task to consider buying a home after you've declared bankruptcy, and there's no doubt that it's an uphill battle. Fortunately, while you'll have hard work ahead, there are things you can do in order to make your dream of home ownership a possibility. Whether you've just declared bankruptcy or some time has passed, here are some things you should consider before getting into the market. Wait It Out It might not be what you want to hear, but it's, unfortunately, the case that you'll have to wait at least two years before you…
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