30 Jun 2015
By Mark Feder

Buying a New Home? 3 Tips for Being Approved for a Second Mortgage – and How to Manage It

Home Mortgage Tips
Applying for a second mortgage is a great way to keep your down payment amount to a minimum and to keep more of your cash in your bank account. It can also help you to avoid making PMI payments, and some lenders may even waive escrows for taxes and insurance if you use a second mortgage instead of a higher first loan amount. Whether you want to enjoy some or all of these benefits, you may be wondering what it takes to set up a second mortgage. With a focus on these tips, you can more easily get the financing…
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23 Jun 2015
By Mark Feder

Four Surefire Ways to Ensure That You Get the Best Possible Deal on Your Mortgage

Home Mortgage Tips
Taking time to set up your home mortgage is one of the best steps that you can take to promote financial health and security. The best home mortgage is one with an affordable payment, that does not empty your bank accounts of necessary financial reserves and that will help you to establish equity at a fast pace. If you want to ensure that you get the best deal on your mortgage focus on these tips. Consider the Loan Term Carefully The most common loan term options are a 15, 20 and 30 year term. There will be a slight interest…
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17 Jun 2015
By Mark Feder

Suffering from Credit Problems? Three Ways You Can Patch Up Your Credit to Get a Mortgage Approved

Home Mortgage Tips
Credit problems are unfortunately common, and they can make it difficult for you to obtain a mortgage. Even if you are able to obtain a mortgage with your credit issues, the rate may be rather high in comparison to what you may qualify for if you obtain a mortgage without fixing your credit problems. While some issues may take a while to fix, you may be able to see a decent increase in your credit rating when you follow a few easy steps. Pay Off Outstanding Derogatory Credit Items When you review a copy of your credit report, you may…
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16 Jun 2015
By Mark Feder

An Insider’s Look at Mortgage Closing Costs and How to Minimize the Amount You’ll Pay

Home Mortgage Tips
When buying a new home, you may be focused on finding a mortgage program that has a down payment requirement that is manageable for you. However, some home buyers will overlook the costs that they are responsible for at closing. These costs can vary, but it is common for home buyers to pay between two to three percent of the loan amount in closing costs, if not more. This can be a hefty sum of money that you will need to budget for. The good news is that there are some steps that you can take to keep these costs…
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