23 Feb 2021
By Mark Feder

Three Tips For Reducing Your Closing Costs If You’re Looking Forward To Buying A Home In The Spring

Home Mortgage Tips
Spring is aproaching fast and it is usually the busiest time of the year for home buying. After a long and cold winter, many people are ready to enjoy the nicer weather and begin to shop for a new home. Spring is also the perfect time for home buying for families with children because it allows them to move during the summer without interrupting school. Home buying has costs associated with it other than the mortgage itself. Known as closing costs, these fees are a part of the home buying process and they are due at the time that the…
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05 Feb 2021
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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03 Feb 2021
By Mark Feder

Three Tips for How to Secure a Mortgage if You Are 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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31 Dec 2020
By Mark Feder

Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

Home Mortgage Tips
If you're a homeowner who is looking to tap in to the home equity that you've spent years building you may be interested in a "reverse mortgage" or "home equity conversion mortgage". While these unique financial tools aren't for everyone, if you qualify for a reverse mortgage you'll find that this might be the perfect financial solution which allows you to pay off your existing mortgage, or for some other regular expenses that you have. Let's take a closer look at how reverse mortgages work, including how to qualify, what happens to your existing mortgage and what a reverse mortgage…
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