20 Jul 2016
By Mark Feder

On a Variable Mortgage? 3 Signs Your Mortgage Payment Is About To Increase

Home Mortgage Tips
For many homebuyers who are new to the market, it can be very comforting to be on a fixed rate mortgage where fluctuating interest rates cannot have an impact on your monthly payments. While a variable rate mortgage can sometimes lead to significant savings at the end of the day, there are a few ways you can tell if your monthly payment is on the upswing. An Increase In Your Home's Value A marked increase in a home's value is ideal for most homeowners who consider their home an important investment. However, the downside of an increase in the price…
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14 Jul 2016
By Mark Feder

3 Tips to Consider when Shopping for a Second Mortgage

Home Mortgage Tips
Whether you're considering a second mortgage to consolidate your debt or complete some home renovations, there can be a lot that goes into making this financial decision. Because a second mortgage is a loan that goes against the equity you currently have on your property, this can be a risk to the ownership of your home. If this is an option you're seriously considering, here are some basics to know before deciding to on this route. Be Prepared For Higher Rates You may be use to the steadiness and consistency of the fixed rate on your first mortgage, but the…
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13 Jul 2016
By Mark Feder

3 Mortgage Mistakes That Could Be Costing You Money

Home Mortgage Tips
Purchasing a home can be one of the most exciting and stabilizing investments of your life, but because of the expense, there are many ways you may be spending more money than you should. If you're wondering about the financial soundness of your home investment, here are some things to consider before putting anything down. Investing In Too Much Home Many homebuyers are so gung-ho about having their own home that they forget a mortgage takes many years to pay off and there's a lot of living to do in the interim. While you may be looking at the monthly…
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12 Jul 2016
By Mark Feder

3 Things Your Mortgage Broker Wishes You Knew

Home Mortgage Tips
As the mortgage market has become more competitive, it has become a more common choice for many people to choose a mortgage broker to assist them with the lending process. While it's great to have someone to help you with the fine details, there are some important differences between what a mortgage broker does and what you might think they do, so here are some things to be aware of. They Can't Approve Your Mortgage Many people think that having a mortgage broker is a surefire way to obtain a home loan, but because brokers are a separate entity from…
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