Mortgage

20 Oct 2020

Are Home Warranties Worth The Money?

Mortgage

Those who own homes might regularly receive mail advertising something called a home warranty. Many people end up tossing these leaflets away because they think this is just another form of home insurance, which many people get through their mortgage lender. In reality, a home warranty is not home insurance. Therefore, some people might be wondering whether or not a home warranty is worth the money. There are a few important points that people should know. What Is A Home Warranty? A home warranty is similar to insurance is that people are going to pay a set premium per year to protect them against the risk of larger expenses down the…

13 Oct 2020

By Mortgage Blog Content

Getting A Home Mortgage Through Virtual Lending

Mortgage

There are many people who are looking to buy a home during the COVID-19 pandemic; however, given the public health crisis that the pandemic has created, some potential homeowners are finding it difficult to go about buying a home in the traditional manner. As a result, banks and credit unions have woken up to a major shift in society as they have had to catch up to the digital age. Right now, there are record numbers of people who are looking to buy a new home or refinance due to the massive rate cuts that the government has instituted in an effort to jump-start the economy. At the same time, without…

17 Sep 2020

By Mortgage Blog Content

Buying A New Car Impacts The Ability To Buy A New Home

Mortgage

Those who are in the process of buying a new home need to be aware of some of the factors that might influence their ability to do so. Even though credit score, income, and assets will play major roles in whether or not someone might be approved for a loan, there are other factors that will play a role as well. Buying a new car might even have an impact on the homebuying process. Why is this the case? The Debt Payments On The Car Will Play A Role There are multiple ways to buy a car. Some people elect to pay cash for the entire vehicle. While this is a…

16 Sep 2020

By Mortgage Blog Content

4 Ways COVID-19 Has Had An Impact On The Home Lending Process

Mortgage

The COVID-19 pandemic has impacted everyone and this includes the real estate industry. One of the biggest impacts that this pandemic has had involves the home lending process. Because many people are looking for ways to buy a home while engaging in proper social distancing measures, the industry has had to adapt. Learn more about some of the changes the COVID-19 pandemic has forced on the home lending process. Homes Are Getting More Affordable The demand for homes right now is high; however, homes are still more affordable than they have been in the past. Lenders are trying to find ways to encourage people to purchase homes because they have seen…

02 Sep 2020

By Mortgage Blog Content

Keep The Dream Of Owning A Home Alive

Mortgage

For many people, owning a home is their dream. The COVID-19 pandemic has impacted the entire country and has left many people wondering if they can still afford to own a home. While this might put some things on hold, there are steps that everyone can take to keep the dream of owning a home alive. Get Pre-Approved For A Mortgage The first step that you should complete if you would like to own a home is to get pre-approved for a mortgage. The pre-approval process will give you a firm idea of what you can afford. Then, you can start to narrow your search and find homes that are within…

01 Sep 2020

By Mortgage Blog Content

The Top 3 Reasons To Invest In A Reverse Mortgage

Mortgage

For seniors who have equity built up in their home, they might have heard about something called a reverse mortgage. There are plenty of TV commercials for reverse mortgages; however, there is still a lot of confusion regarding what they are. Simply put, many seniors have already paid off their homes completely. With a reverse mortgage, people can access the equity they have in their home and use this as a quick source of cash. Then, they can pay back this loan when they can without giving up ownership of their home. Who should use this tool? There are a few reasons to note. A Quick Source Of Cash Without Great…