06
Oct
By
Home Mortgage Tips, ,

How to Use a Mortgage to Buy a Home After Going Through a Bankruptcy

While it is sometimes the best option to get your finances repaired, the bankruptcy and following discharge period can be tough. However, while it may delay things for a couple of years, the good news is that even a bankruptcy won't stop you from borrowing a mortgage to buy a home. In today's article, we will share some insight into how you can get a mortgage loan after going through bankruptcy. Step 1: Get A Professional Credit Assessment Once your Chapter 7 or Chapter 13 bankruptcy has been discharged, you will be required to wait for at least two years…
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28
Sep
By
Home Mortgage Tips, ,

Pay Your Mortgage Off Faster With These Money-Smart Strategies

As with any loan or line of credit, there are benefits to getting your mortgage paid down. You'll pay less in interest, potentially saving thousands over the repayment period. Moreover, you'll own your home outright that much quicker. Let's explore four money-smart strategies that will help you to pay your mortgage off faster. Start With The Obvious And Increase Your Payments It won't come as a surprise that one of the easiest ways to get your mortgage paid off is to increase the amount you put towards your monthly payments. Most lenders will allow you to place any extra funds…
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26
Sep
By
Home Mortgage Tips, ,

Did You Know: Your Choice of Community Will Impact Your Mortgage – Here’s How

If you are in the market for a new home, you've probably begun the process of choosing the neighborhood or community in which you want to live. The perfect spot to call home will depend on your age, the size and composition of your family, your working life and other factors. However, one thing you may not know is that the community you choose to live in can also impact your mortgage. In today's post, we'll explore how the local area in which you live can affect your mortgage financing and interest rate. Lender Pricing Varies By State As you…
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