01 Sep 2016
By Mark Feder

Are You Ready to Refinance Your Mortgage? Learn How to Do a Quick Refinancing Self-Assessment

Home Mortgage Tips
Whether you've decided to renovate your home or you would like to consolidate your debt, refinancing your mortgage can be an option in times of money trouble; however, it's important to know whether or not this is the right step for you. If you've been considering refinancing recently and are wondering how to come to a decision, here are some questions you should ask yourself before wading into the water. Do You Have The Extra Time? It may sound silly, but looking into the details of financing your mortgage can take up a lot of time, and if it's going…
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31 Aug 2016
By Mark Feder

The Pros and Cons of Borrowing the Down Payment for Your Next Home

Home Mortgage Tips
With the rising cost of real estate, many people feel that now is a good time to buy a home to ensure a good financial future. However, if you haven't saved up enough money to make a down payment, it's possible you may be considering whether or not you should borrow the funds. If you're considering a loan from friends or family, here are some points you may want to think about before asking for a loan. Getting Out Of The Rental Market With even the rental market seeing huge increases in its rental rates, buying a home can be…
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10 Aug 2016
By Mark Feder

Can You Get a Mortgage after a Chapter 7 Bankruptcy Discharge? Yes – But You’ll Have to Wait

Home Mortgage Tips
There was a time when it was possible to acquire a mortgage shortly after filing for Chapter 7 bankruptcy, but with the shifts in the financial sector, the timeline on such a mortgage approval has changed in recent years. If you're currently undergoing a Chapter 7 bankruptcy and are wondering how this will impact home ownership, here are the basics on this type of bankruptcy and what it may mean for you. What Is Chapter 7? While a Chapter 13 bankruptcy is the kind of financial situation that requires debt repayment, Chapter 7 is different in that it involves the…
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09 Aug 2016
By Mark Feder

Leveraging LPMI: The Pros and Cons of Lender-Paid Mortgage Insurance

Home Mortgage Tips
From interest rates to mortgage loans, there are many things associated with applying and obtaining a mortgage that are important for new homeowners to be aware of. If you've heard the term Lender-Paid Mortgage Insurance (LPMI), this is when the mortgage lender pays off mortgage insurance on behalf of the homeowner. While this kind of insurance can be beneficial for some homeowners, here are some of the basics on LPMI so you can determine whether or not it will work for you. It Can Be Tax Deductible While a homebuyer generally has to be in a position of good credit…
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