A mortgage is more than just a loan you take out to help you pay for your home. There are many different types of mortgages, and it's important to select the right one for your particular situation. My name is Annie, and my background is in finance. I worked for ten years as a mortgage specialist, and now I advise people on finding the right type of mortgage. First time home buyers, seniors and families will want to understand what is involved in the mortgage process and how different types of mortgages can offer the best benefits. I hope that I help you understand how to find a mortgage that will fit your needs.
Posted on:
23 July 2021
As an older adult, there is a good chance that the majority of your wealth is tied up in the equity of your home. Because of this, you might be feeling the pinch of not having an income coming in and having to pay a lot of expenses. You might have thought about selling your home, but this might not be something that you really want to avoid if you can help it.
[Read More]
Posted on:
22 June 2021
Are you buying a new home but don't plan on selling your old home right away? You may be waiting for market conditions to be more favorable toward you or have a lot of work you need to do to get the home in good-enough condition to sell. If so, you'll need a bridge loan to help secure your financing. Here are some common questions you likely have about bridge loans.
[Read More]
Posted on:
14 May 2021
Loans can be beneficial when applied at the right time and used appropriately. If you have been thinking about paying off your existing mortgage using another loan, you might want to examine your situation and understand if home refinancing is appropriate for you. Before you approach your lender, look at the following situations and reflect on them.
1. When You Want a Shorter Loan Term
Does your current home loan have an incredibly long payment period attached to it?
[Read More]
Posted on:
6 April 2021
One thing you must do when you want to buy a house is to get a home loan. A home loan is necessary to finance the purchase, but home loans come in all shapes and sizes. When you apply for one, you might need to make some decisions, and here are four decisions you will likely have to make.
Down Payment Amount
One aspect of borrowing money to get a house is putting money down.
[Read More]