If you’re thinking about buying a home, it’s essential to find a mortgage broker who will be able to help you get the best possible deal. With the increasing demand of home buyers, a lot of mortgage brokers are working out there in the market currently, and it can be challenging to know which one…
In some cases, it doesn’t matter if your FICO score isn’t as high as the Jones’. You don’t always need a 720 or higher credit score to become a homeowner or settle for a fly-by-night mortgage lender. Still, not everyone will be eligible and your interest rate will be higher than that of a “prime”…
Managing personal finances is an integral part of being an adult. In addition to this, if you have a family–children, spouse, and parents to take care of–you have to consider their financial requirements as well. Sometimes, your income alone cannot fulfill your dreams and aspirations. You may want additional money to buy a house, pursue…
Rule number one – don’t go house poor when buying a new home. Experts say your house payment should be approximately 25% of your take-home pay, while others say you can go as high as 30% – if you have no other outstanding debt and do not plan on going into debt. To find out…
These days it seems as if the idea of getting a mortgage is one which is in the very distant future. For most of us, the rise in inflation and the cost of living makes it incredibly difficult to save enough money up to buy a home of our own. However, don’t despair just yet:…
Like many decisions in life, there’s no one-size-fits-all approach to choosing a mortgage term. Although a 30-year fixed-rate mortgage is the industry standard, it’s possible to get a loan of virtually any length these days, from a 5-year to a 40-year fixed-rate, or even one of customizable length. Whichever you elect, understand that each option…
Sub-letting a spare room in your home could be reliable way to help with your mortgage arrears. However, it may affect the tax you pay or any benefits you are entitled to. How do you go about it? If you are only letting a lodger for a few days- say, someone who’s just in town…
For the first time since the end of 2015, the 30-year fixed rate mortgage average, provided by Federal Reserve Bank of St. Louis, crossed the 4% mark at the beginning of December 2016. It was well below the 4% mark for most of 2016. The translation is that it is becoming more expensive to get…