06 Nov 2014
By Mark Feder

Did You Know That Your FICO Score Can Drastically Affect Your Mortgage? Here’s Why

Home Mortgage Tips
Are you about to apply for a mortgage loan in order to buy a home? If so, you may be curious about your credit score and how this might impact your financing. Let's take a quick look at how FICO credit scores can affect your mortgage and share a couple of ways that you can boost your score to ensure your application is approved. What is a FICO Score? The Fair Isaac Corporation (FICO) is the country's leading producer of credit scoring information and is the primary source that most lenders will check to assess how much risk you present.…
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05 Nov 2014
By Mark Feder

You Ask, We Answer: What is a “Reverse Mortgage”?

Home Mortgage Tips
If you've recently considered your options for taking some of the equity out of your home you may have heard about reverse mortgage loans. If you meet the requirements for a reverse mortgage it can be an excellent way to tap into the value of your home, freeing up that cash to be reinvested or used for other purposes. In today's blog post we'll explore reverse mortgage loans, explaining how they work and whether or not you're qualified to receive one. How Does a Reverse Mortgage Work? As the name implies, a reverse mortgage is the opposite of a traditional…
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28 Oct 2014
By Mark Feder

Buying a Home? 4 Steps You Can Take to Ensure You Start out with a Low Monthly Mortgage Payment

Home Mortgage Tips
Are you thinking about buying a new house or condo? If so, you've likely given some thought to your mortgage and as to how you can pay as little as possible in order to own your new home. Below we'll share four easy steps that you can take to ensure you start out with an affordable monthly mortgage payment. Make A Large Down Payment On Your Home The easiest way to reduce your monthly payment is to invest as much as possible in your down payment. The less you have to borrow, the less you'll be required to pay back.…
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15 Oct 2014
By Mark Feder

Refinance Now or Wait? How to Determine the Best Time to Refinance Your Mortgage

Home Mortgage Tips
Refinancing your mortgage is a great way to reduce your monthly payments or take out some of the equity in your home to reinvest in renovations, upgrades or in other areas in your financial portfolio. Let's take a quick look at a few questions that you can ask yourself in order to determine whether you should refinance now or wait until sometime in the future. Can You Lock In A Lower Interest Rate? Depending on when you first purchased your home and took out your mortgage, you may find that by refinancing now you can lock in a lower interest…
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