When Should I Refinance? Refinancing is simply gaining new loans at lower interest rates from your mortgage lender. Now you may be thinking "when should I refinance?" well we are here to help. In this article, we will be briefly discussing refinancing and when it is the best time for you to do so. When You Want To Reduce The Term of Your Mortgage It is ideal to refinance your mortgage loan in order...
Things a Good Mortgage Lender Does It may be difficult to discern a good lender from a bad one. However, there will surely be some signs if you should work with that lender or not. In this article, we will be discussing some things a good mortgage lender does. Communicates Firstly, a good lender communicates and offers transparency throughout the process to their clients. Furthermore, they guide you...
Pros and Cons of Buying a Foreclosed Home Before you make the decision to purchase a foreclosed home, you should be aware of the risks and benefits. A foreclosure is a legal process that takes place when the debtor is unable to pay their loan back to their creditor. Here are some of the pros and cons of buying a foreclosed home. Pros: Cheaper price: Firstly, when a bank repossesses a property,...
The Impact of Interest Rates on Real Estate Market Interest rates are a significant factor in the real estate market, as they can have a significant impact on home sales, prices, and affordability. Here are some of the ways interest rates affect the real estate market. Mortgage Rates and Affordability When interest rates are low, mortgage rates are also low, making it more affordable for buyers to...
5 Mistakes to Avoid When Buying Your First Home Buying your first home is an exciting and life-changing experience. However, it can also be overwhelming, especially if you are not familiar with the real estate industry. It is common to make mistakes when buying your first home, but with a little knowledge and guidance, you can avoid them. Here are five mistakes to avoid when buying your first home: Not...
If you’ve determined it’s a good time to consider a refinance, now it’s time to do the work needed to find the best mortgage refinance rates. Standards for approval are high and banks are stringent in choosing who to lend money to. Your application should be spotless, and your credit history should present you as a homeowner who is very likely to pay all debts on time. Lenders will look approvingly...
Refinancing your mortgage can be a great way to save money and reach other goals. Some of the steps are the same as when you applied for your original mortgage, such as submitting documentation and going through an appraisal. But many parts of the process are different. Here are some essential mortgage refinance tips and tricks for navigating the refinancing process and getting the best deal...
Looking for a home loan can often be a daunting and stressful task. Before you choose a mortgage offer, it’s important to shop around and compare multiple offers to get the best deal. If you can’t make heads or tails of all the jargon being thrown at you, here's what to consider when comparing home loans. What is a home loan? A home loan is an amount of money given by a bank, mortgage company or...
You're looking to buy a house and will require a mortgage. Congratulations! But how do you choose the right lender who will offer the best deal and great customer service for what will probably be the largest purchase of your life? There are many banks, internet lenders, mortgage brokers, and other players willing to take your loan application. With that in mind, here's what you need to know about finding...
Property valuations are crucial. There are different reasons why you should have your home valued. Whether you plan on selling your home soon or not, a property valuation can be of benefit. If you are asking why should I have a property valuation, then this article is for you. Who carries out a property valuation? A surveyor will carry out your valuation. They will consider elements like the age, size,...
by Mubanga Sampa