28 Dec 2021
By Mark Feder

Major Mistakes Which Are Sure to Increase Your Closing Costs

Home Mortgage Tips
When shopping for a mortgage, it is important to take closing costs into account. While some closing costs are the same for all lenders, different programs may add or reduce some of the burden borrowers face when closing on a home loan. Let's take a look at some major mistakes that could result in borrowers paying more than they need to in closing costs. 1) Failing to Take Property Taxes Into Account Property taxes are generally put into an escrow account that is established prior to closing on the home loan. In most cases, a homeowner will have to pay…
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09 Dec 2021
By Mark Feder

What Happens at a Mortgage Loan Closing Meeting? Let’s Take a Look

Home Mortgage Tips
So you've found the perfect home, the seller has accepted your offer, and now you're just waiting for the mortgage to close before you wrap up the sale and take possession. It's time for the closing meeting. But what does this meeting entail? And what do you need to prepare for it? Here's what you need to know. The Day Prior: Walking Through The Property 24 hours before the closing meeting, you'll be given an opportunity to walk through the property and do a final inspection. During this inspection, you'll be able to look for any damage that may have…
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24 Nov 2021
By Mark Feder

Have You Been Denied for a Mortgage? Here Are 3 Reasons Why You’ll Want to Keep Trying

Home Mortgage Tips
If you're in the market for a new home, you'll most likely need a mortgage in order to afford it. But for some home buyers, getting a mortgage isn't easy. Banks and other lenders are often hesitant to lend money to certain consumers, often for good reason. But sometimes, lenders' reasons for declining you aren't entirely valid. That's why, if you've been denied for a mortgage, you'll want to keep trying to get mortgage funds. Here are three factors that can influence the likelihood of approval on the second try. A Second Appraisal Might Change Your Circumstances Sometimes, a mortgage…
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23 Nov 2021
By Mark Feder

What Are the Advantages to Paying off Your Mortgage Early? Here Are a Few That Might Entice You

Home Mortgage Tips
If you're looking into fixed term mortgages, you might be wondering whether there's any reason why you should take the full term to pay off the loan. In a lot of cases, paying off a mortgage before it comes due is a great decision. If you're considering paying off your mortgage early, you'll experience a variety of benefits – here are just a few of them. You'll Save Thousands In Interest Payments By and large, the single biggest advantage of paying off a mortgage early is the money you'll save in interest. The longer you take to pay off your…
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