26 Mar 2014
By Mark Feder

BUSTED: 4 Myths About Buying Your Home That Just Aren’t True

Uncategorized
It can be pretty intimidating to dip your toes into the realm of home ownership, especially if you're a first-time homebuyer. To make things worse, there are a number of myths floating around out there surrounding the home buying process. Such misconceptions have many kept many would-be homeowners from realizing the personal and financial rewards of owning a property. To clear things up, here are 4 myths about buying your first home that simply aren't true. Myth #1 - "It's Cheaper To Rent Instead Of Own" If you buy a property that is within your budget and your mortgage terms allow…
Read More
19 Mar 2014
By Mark Feder

4 Important Questions To Ask Before Refinancing Your Mortgage

Uncategorized
So you are thinking of refinancing? Well you are in luck because I have 4 quick and important questions you should ask yourself before doing so. 1) Do I Have Enough Equity To Get A Mortgage? To get a conventional loan, you will usually need to have at least 20 percent equity. This means that your house will have to be worth at least $250,000 to get a $200,000 loan. If you have less equity, you could end up having to pay for private mortgage insurance, which can easily add $100 or more to your monthly payment. 2) How's My…
Read More
12 Mar 2014
By Mark Feder

What Financial Preparations Should I Make Before Applying For A Mortgage?

Uncategorized
Getting a mortgage isn't an easy thing to do. Before a lender will put down tens of hundreds of thousands of dollars, it wants to know that the borrower can handle the loan so that it will get paid back. to this end, there are three things that a potential homebuyer can do to prepare for the mortgage approval process. Managing Debts For many homebuyers, managing their credit score is the biggest challenge. Mortgage lenders like buyers with strong credit. While getting strong credit usually isn't something that can be done overnight, paying bills on time, all of the time…
Read More
07 Mar 2014
By Mark Feder

Don’t Make These Mistakes When You Want To Get A Home Loan

Uncategorized
Getting a home loan can be a challenging process, and a finicky one. Qualifying can be challenging and once a buyer gets approved, it can be surprisingly easy to derail the process. Here are some mistakes to be avoided: Not Pre-Checking Credit Once a borrower makes his application for a mortgage, his fate is largely sealed. One way to increase the chance of qualifying for a home loan is for a borrower to check his credit before applying. That way, he can address any issues before they become problems for the lender. Changing Jobs Lenders judge borrowers on their ability…
Read More