Gift Letter for Mortgage: Free Template and Sample Wording
A gift letter for a mortgage tells your lender that gifted money doesn't have to be repaid. Get the free template, sample wording and the rules on who…
Category
Mortgage Strategy
Small choices on a mortgage can save thousands of dollars over the life of the loan. These articles cover when to lock your rate, how to pay off your loan early and other ways to lower your costs.
Assumable Mortgage: How It Works and Which Loans Qualify
An assumable mortgage lets a buyer take over a seller's existing loan, rate and balance once the servicer approves. Here is which loans qualify, what the fees are,…
FHA Streamline Refinance Closing Costs: How to Pay Less Out of Pocket
An FHA Streamline Refinance replaces a current FHA loan with a new FHA loan, which may lower your interest rate or monthly payment, with less paperwork than a…
Tips for Buying in a 55 and Over Retirement Community
There are plenty of reasons that someone might consider buying in a retirement community for people 55 and over. For those thinking about it, there are several things…
How To Pay Off Your Mortgage Early
Paying off your mortgage early could be a great financial move if you use the right strategy. It can help you to build equity more quickly and also…
Buying a House with a Friend: The Complete Guide
You can purchase a home with virtually anyone, including a friend or several friends. But buying a house with a friend has benefits and drawbacks. It also entails…
8 Tips To Have an Awesome Mortgage
If you are thinking about buying a house, you can do plenty of things to get a good mortgage. That means a loan that benefits you financially, time-wise…
When Should I Lock In My Mortgage?
When you’re in the process of getting a home loan, at some point you’ll have to lock in your mortgage rate. This might be months in advance, mere…
Is Paying Cash For Your Home A Good Idea?
Many first time home buyers assume that a mortgage is necessary to purchase a house. However, paying cash for a home is common. In the National Association of…
What percentage of income should go to mortgage?
What percentage of your monthly income should go to mortgage? A general rule of thumb for homebuyers is to keep the percentage of income that goes to your…