29 Jul 2016
By Mark Feder

Pay down Your Mortgage Faster by Eliminating These Five Unnecessary Household Expenses

Home Mortgage Tips
The monthly mortgage payment can be one of the most significant household expenditures for a family. However, while it can be a sizable amount, there are certain household things you may be able to eliminate that will help you put down more money and pay your mortgage off a little faster. If you're interested in ways to save, here are some expenses you may want to consider cutting out. Giving Up The Cable Television is an important de-stressor for many people, but it can also be a considerable monthly expense that is often unnecessary. With borrowing materials available at the…
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28 Jul 2016
By Mark Feder

Understanding Automated Underwriting and How It Impacts the Mortgage Application Process

Home Mortgage Tips
Whether you're embarking on the process of obtaining a mortgage for the first time or just preparing yourself for the advances in the industry, the implementation of automated underwriting in recent years has significantly changed the application process. From the time you'll have to wait to the documentation that is required, here are some of the details on what you can expect when dealing with an automated underwriter. Reduction In Document Requirements In the past, most homebuyers submitting mortgage application documents were required to go into their backlogs to provide the paystubs for the previous 2 months pay, as well…
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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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