12 Feb 2015
By Mark Feder

Mortgage Refinancing: How to Ensure a ‘Re-Fi’ Makes the Most Sense for Your Financial Situation

Home Mortgage Tips
Refinancing your mortgage can make good financial sense, as long as you are doing it for the right reasons. Before considering a refinance, it's worth spending some time to assess what your financial goals are. Lowering Your Interest Rate One of the most common reasons to refinance a mortgage is to take advantage of a lower interest rate. Because mortgages are long-term loans, even a slight drop in the interest rate on the loan can make thousands or even tens of thousands of dollars of difference over the life of the loan. Before refinancing to get a lower rate, you'll…
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10 Feb 2015
By Mark Feder

Freelancing in 2015? Three Tips for How to Secure a Mortgage if You’re a Self-Employed Entrepreneur

Home Mortgage Tips
If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage, although there are some things you can do to improve your chances. Here are three tips for securing a mortgage if you are self-employed. Make Sure Your Credit Score Is In Good Shape While your ability to pay back a mortgage is the most important factor in approval, your credit score is a close second, and that goes for every borrower, not just those…
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04 Feb 2015
By Mark Feder

Tax Time is Upon Us: Learn About Tax Deductions and How to Write off Your Home Mortgage Interest

Home Mortgage Tips
Much to the chagrin of taxpayers all over the country, the tax-filing season begins in January and runs through April 15 of each year. As the current tax season approaches, it presents an opportunity to help tax-payers clarify their responsibilities and remind them of certain important tax deductions that may be available. Filing Responsibilities Every person in the United States is required to file their tax returns by April 15 so long as they have some form of qualifying income. Based on filing status, income and available deductions, tax-payers must file a 1040EZ, 1040A or 1040 (long-form for itemized deductions).…
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03 Feb 2015
By Mark Feder

Do You Need Mortgage Insurance Even if It’s Not Required by Your Lender? Let’s Take a Look

Home Mortgage Tips
Finding a proper mortgage loan and understanding the processing procedures behind the loan is the basis of good research. The down payment on a mortgage loan is typically significant when dealing with mortgage insurance. Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be required even if it's not typically required by your lender. Underwriting Requirements Most home mortgage applications undergo a strict set of standards for approval. These standards are known as underwriting and make up the bulk of time spent on a mortgage application.…
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