08 Apr 2016
By Mark Feder

Can You Refinance into a VA Mortgage from Another Type of Mortgage? Yes, If You Qualify

Home Mortgage Tips
VA mortgages stand out as one of the biggest benefits to men and women serving in the military. Although private lenders make the loan, the Department of Veterans Affairs guarantees all VA mortgages, which is why these loans come with favorable terms and benefits not found with other mortgage types. The Benefits Of Refinancing To A VA Mortgage A VA loan may very well be the borrower's only option for putting no money down, as many lenders will cover 100% of the value of the home, thanks to the backing of Veterans Affairs. There is a ceiling on the amount…
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06 Apr 2016
By Mark Feder

5 Tips to Reduce Your Monthly Mortgage Payment

Home Mortgage Tips
Buying a home isn't cheap – and even though mortgage rates are low, your own financial circumstances may mean that your monthly payment is more than you can afford. Whether you're a new buyer looking to save money or a cash-strapped owner who needs to free up extra income, there are several ways you can lower your monthly payments – here are just five of them. Make 13 Payments Every Year If you have some extra money and you're looking to pay down more of your principal amount, making 13 annual payments instead of the usual 12 is a great…
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05 Apr 2016
By Mark Feder

Budgeting for a New Home?: 3 Unlikely Costs to Consider in Your Overall Budget

Home Mortgage Tips
If you're planning to buy a new home in the near future, you're probably working hard to prepare a budget and determine how much you can afford before you start viewing homes. While it's good to have an idea of what you can pay for a new house, many buyers routinely miss several key home buying costs that can later cause a variety of problems. Before you start looking for your new home, make sure you add these three commonly forgotten costs to your budget. Title Insurance: Critical Protection Against Title Claims Title insurance is something that most buyers forget…
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31 Mar 2016
By Mark Feder

Rookie Mistakes: Don’t Make These 4 First-Time Homebuyer Mistakes

Home Mortgage Tips
Buying your first home is exciting. Many young people view homeownership as the definitive mark of adulthood, the final milestone on a decades-long journey. And while becoming a homeowner is cause for celebration, you'll want to ensure you keep your enthusiasm in check just a little while longer. Keep a level head and you'll easily avoid these common mistakes first-time buyers make. Don't View Your Home As An Investment First-time buyers commonly think that they can invest everything they've saved into a home, fix it up, and then sell it for a large profit in a few years. However, a…
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