07 May 2015
By Mark Feder

Understanding Lower FHA Mortgage Insurance Premiums and How They May Help You Save Money

Home Mortgage Tips
FHA loans are designed to help individuals take advantage of the benefits of home ownership, and these loans have low down payment requirements. However, for borrowers who choose to make a down payment that is less than 20 percent of the sales price, the borrower will be required to pay a mortgage insurance premium with the monthly mortgage payment. This premium is in place to minimize the risk that the lender takes when making a low down payment loan, but it does result in a higher monthly mortgage payment for the homeowner. Recently, the FHA has announced a lower rate…
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05 May 2015
By Mark Feder

Save Some Additional Cash with Our Guide to Lowering Your Monthly Mortgage Payment

Home Mortgage Tips
If you are like many other homeowners, your home mortgage payment is the single largest expense in your monthly budget. This is a fixed expense that you will typically be responsible for until your loan is paid in full or until you sell your home, and you may have a 15, 20 or even 30 year term on your mortgage. If your home mortgage payment has become unaffordable or burdensome for you to manage with your current financial situation, rest assured that you may be able to save some additional cash each month without selling your home. Refinancing your existing…
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28 Apr 2015
By Mark Feder

Yes, It’s Possible to Get a Mortgage Without a Favorable Credit History – Here’s What You Will Need

Home Mortgage Tips
There are several factors that are reviewed when you apply for a home mortgage, and one of the initial factors is your credit rating. You may already be aware that you have a lower credit score, or you may have learned about your credit issues after speaking with a mortgage professional. Now that you are aware of the situation, you may be concerned about your ability to get approved for your loan request. The good news is that you may still be able to get a mortgage without a favorable credit history with a few things. A Co-Borrower Or Co-Signer…
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23 Apr 2015
By Mark Feder

Should You Be Worried About Skipping Multiple Mortgage Payments? Yes, and Here’s Why

Home Mortgage Tips
From time to time, a homeowner may struggle to make a mortgage payment on time. Most will be able to make the missing payment a week or two later when the next paycheck arrives. However, others may find themselves in a situation where they are unable to make multiple payments in a row. If you are skipping multiple mortgage payments, you should be concerned about your financial situation. There are several important reasons why you may want to take action to improve your situation or to work out a payment arrangement with your mortgage company. Falling Too Far Behind To…
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