17 Mar 2015
By Mark Feder

Understanding the Key Factors That Affect Your Mortgage Interest Rate

Mortgage Rates
When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. These may be rates that seem too good to be true, and you may gladly contact the lender or mortgage company to complete your loan application. However, the unfortunate truth is that all too often, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate. By learning more about the factors that influence your interest rate, you may be able to structure you loan in a more advantageous way. Your Credit…
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12 Mar 2015
By Mark Feder

The Mortgage Pre-approval Letter: Why It’s Important and How to Get One

Home Mortgage Tips
If you are thinking about buying a new home in the near future, you may already be searching online to get a feel for the different types of homes available in the local area. You may have reviewed your budget, and you may have a fair idea about a sales price that is comfortable for you to afford. While you may feel as though you have taken the preliminary steps necessary to prepare yourself to buy a home, it is important that you also get a mortgage pre-approval letter for your financing before you starting hunting for that perfect new…
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10 Mar 2015
By Mark Feder

Missed a Mortgage Payment? How to Ensure It Doesn’t Affect Your Credit Score

Home Mortgage Tips
If you pay attention to your credit rating, you may be well aware that a single late payment reflected on your credit report can result in a decline in your scores. In some cases, the decline can be rather significant, and you will have to work hard to make regular payments over a period of time to show that you remain creditworthy and to rebuild your credit score. It is far better to avoid late payments altogether than to deal with the stress and ramifications of a late payment on your credit report. If you have already missed the due…
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05 Mar 2015
By Mark Feder

Buying for the First Time? The Ultimate Guide to Surviving the Mortgage Process

Home Mortgage Tips
If you have heard nightmarish stories from friends and family members about the home mortgage application process, you are not alone. In fact, some of these stories may have even been a reason why you have held out on moving forward with your plans to purchase your first-home. While some have indeed had unpleasant experiences, the fact is that there is nothing to be intimidated about. When you follow a few easy tips, you can streamline the process and navigate through it with minimal effort or stress. Find The Right Mortgage Professional To Work With One of the best steps…
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