Blog – Page 725 of 790

14 Feb 2014

What To Consider When Buying A Fixer-Upper

Homebuyer Tips

In your imagination it seems like a great idea – you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams. To Renovate, Or Not To Renovate However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life. The concept of renovating a "fixer-upper" property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice for you?…

13 Feb 2014

By Mark Feder

1 Comment

How A Mortgage Pre-Approval Can Help You Get A Better Deal On Your Home Purchase

Homebuyer Tips

Oftentimes, when you are searching for a new home, it may seem obtaining a pre-approval for your mortgage loan is a waste of time and energy. However, there are some significant benefits to a pre-approval which should not be overlooked. In many cases, buyers can use a pre-approval for leverage when negotiating with sellers and may wind up buying a home for far less than what the listed price is. Knowing Your Limitations One significant benefit of a mortgage pre-approval is knowing exactly how much money you will be able to borrow. This means you will be looking at homes…

12 Feb 2014

By Mark Feder

1 Comment

Can I Have A Co-Signer For My Mortgage Loan?

Home Mortgage Tips

Like credit cards or car loans, some mortgages allow borrowers to have co-signers on the loan with them, enhancing their loan application. However, a co-signer on a mortgage loan doesn't have the same impact that it might on another loan. Furthermore, it poses serious drawbacks for the co-signer. What Is A Mortgage Co-Signer? A mortgage co-signer is a person that isn't an owner-occupant of the house. However, the co-signer is on the hook for the loan. Typically, a co-signer is a family member or close friend that wants to help the primary borrower qualify for a mortgage. To that end,…

11 Feb 2014

By Mark Feder

0 Comments

3 Important Credit Considerations Before You Apply For A Mortgage

Home Mortgage Tips

Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit both going into the mortgage process and as they navigate through it. Lenders like to know that borrowers have a strong likelihood of repaying the loans they take out and, as such, look carefully at an applicant's credit. Here are three must-dos that can help an applicant turn into a home owner. Pre-Checking Credit Reports Before even starting the home loan application process, borrowers are well served to check their own credit reports and see what appears. If everything is…