12 Nov 2014
By Mark Feder

How to Use a Mortgage Calculator to Determine Your Monthly Payments, Interest and More

Home Mortgage Tips
Are you thinking about using a mortgage to buy a new home? Buying your own piece of local real estate is a major financial investment and one that can require some pretty complex math to fully understand. In this blog post we'll discuss mortgage calculators and how to use one of these tools to determine your monthly mortgage payments, interest charges, amortization periods and more. Determining Your Principal and Down Payment Amounts To get started with a mortgage calculator you'll need to know how the price of the home and how much you intend to contribute as a down payment.…
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06 Nov 2014
By Mark Feder

Did You Know That Your FICO Score Can Drastically Affect Your Mortgage? Here’s Why

Home Mortgage Tips
Are you about to apply for a mortgage loan in order to buy a home? If so, you may be curious about your credit score and how this might impact your financing. Let's take a quick look at how FICO credit scores can affect your mortgage and share a couple of ways that you can boost your score to ensure your application is approved. What is a FICO Score? The Fair Isaac Corporation (FICO) is the country's leading producer of credit scoring information and is the primary source that most lenders will check to assess how much risk you present.…
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05 Nov 2014
By Mark Feder

You Ask, We Answer: What is a “Reverse Mortgage”?

Home Mortgage Tips
If you've recently considered your options for taking some of the equity out of your home you may have heard about reverse mortgage loans. If you meet the requirements for a reverse mortgage it can be an excellent way to tap into the value of your home, freeing up that cash to be reinvested or used for other purposes. In today's blog post we'll explore reverse mortgage loans, explaining how they work and whether or not you're qualified to receive one. How Does a Reverse Mortgage Work? As the name implies, a reverse mortgage is the opposite of a traditional…
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04 Nov 2014
By Mark Feder

Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before Reapplying

Home Mortgage Tips
If you've had some trouble getting approved for a mortgage recently, you're not alone. Many individuals face mortgage challenges due to past blemishes on their credit reports or a personal financial crisis that resulted in bills not being paid on time. In this post we'll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home. Pay Off Your Credit Cards And Lines Of Credit The easiest way to improve your credit score and prove that…
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