18
Feb
By Jim Hasek
Home Mortgage Tips, ,

HARP Refinancing Ends in 2016: Here’s How to Take Advantage Before It’s Gone

Many homeowners are struggling to keep up with their mortgage payments on a monthly basis, and it can often seem like there are limited options for remedying the situation. If you haven't heard of HARP refinancing and you're a homeowner who's looking for a lower interest rate, this may be the right solution to your payment woes. Instead of letting the opportunity blow by, here's all you need to know before this option ends in 2016. The Details On HARP Refinancing Known as HARP, the Home Affordable Refinance Program was created in 2009 following the economic crash that was brought…
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11
Feb
By Jim Hasek
Home Mortgage Tips, ,

3 Reasons You Should Trust in a Mortgage Advisor Instead of Trying to Predict Rates

If the time has come to purchase a home and you've been perusing the real estate market, it's possible you've also been considering the mortgage options that might work best for you. In the event that you're already spending a lot of time looking at homes and trying to sell your own, here are a few reasons you may want to leave your mortgage considerations to a professional. Qualifications You Can Count On If you're new to the world of home purchasing and have concerns about learning the ropes on your own, a mortgage advisor can be a great way…
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09
Feb
By Jim Hasek
Home Mortgage Tips, ,

Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Purchasing a home is often considered an important step in one's financial life, no matter what point you arrive at it, but there are things you should know about financing your home purchase before stepping into the fray. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success. Taking The Lender You're Offered In the event that you've been pre-qualified for a certain amount, you'll want to find a lender that will make the process towards a home purchase a little bit smoother.…
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04
Feb
By Jim Hasek
Home Mortgage Tips, ,

Looking Ahead in 2016: Mortgage Trends That May Affect You

The housing market is in a constant state of flux, and with the changing shape of real estate there will most definitely be notable trends to watch out for in the next year. Whether you're approaching the market with caution or are ready to dive in without worry, here are some things to watch out for in 2016. A Slow Growth Outlook One of the most worrisome impacts of a slowed economic outlook is how it can affect people's monthly payments, and this is slated to be a significant concern over the next few years. With the possibility for lowered…
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02
Feb
By Jim Hasek
Home Mortgage Tips, ,

Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage

Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you're buying. But for a lot of low-income and minority borrowers, a simple measure of one person's income isn't an accurate measure of whether or not that person can afford a home. Now, with the Home Ready mortgage from Fannie Mae, multigenerational and extended households can have easy access to mortgage funds. How does the Home Ready mortgage work? Here's what you need to know. Flexible Down Payment Requirements Make Home Ownership More Accessible Traditional mortgages require you to pay 20%…
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27
Jan
By Jim Hasek
Home Mortgage Tips, ,

Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan

Buying a home isn't cheap. But if you're determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality. So why should you consider an FHA loan? Here are just a few ways you'll benefit from these government-backed mortgages. You Can Get Approved With Just 3.5% Down Traditional mortgage lenders typically require you to pay 20% down on your mortgage, or 5% if you have good credit and agree to pay mortgage insurance premiums. But for…
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