Mortgage

12 Nov 2020

How Are Different Mortgage Lenders Handling Student Loans During the Pandemic?

Mortgage

The coronavirus pandemic has had a massive impact on everyone. This pandemic has led to massive economic issues as well. Given the ongoing crisis as it relates to student loan debt, many students are wondering how the pandemic is going to impact their student loans and how their student loans are going to impact a potential mortgage payment. There are a few points to keep in mind. Freddie Mac In general, loans backed by Freddie Mac are going to use the student loan payment that is marked on the credit report. If this amount is $0 or unknown, then the lender is going to use 0.5 percent of the outstanding loan…

05 Nov 2020

By Mortgage Blog Content

The Ultimate Payoff: Getting Debt Free Before Retirement

Mortgage

For many people, reaching retirement is something to look forward to. At the same time, too many people still have a lot of debt by the time they retire. In order for people to really take advantage of everything that retirement has to offer, they should try to find a way to pay off all of their debt before they retire. In order to make sure this happens, there are a few tips that everyone has to keep in mind. Try To Keep Housing Costs Low First, it is important for everyone to try to keep their housing costs as low as possible. Housing is one of the major sources of…

04 Nov 2020

By Mortgage Blog Content

A Guide To Understanding Mortgages And Marriage Agreement Settlements

Mortgage

When people end up taking out a mortgage, there is a lot they need to consider. This includes the size of the down payment, the term of the loan, and the interest rate. At the same time, there are a few issues that could complicate the way a mortgage is paid off. Nobody enters into a marriage planning on divorce; however, if this does take place, it is critical to think about how a marriage settlement agreement is going to impact the mortgage. There are a few important to keep in mind. Refinancing The Mortgage After The Marriage Settlement Agreement When looking at the assets that the couple shares, it is…

03 Nov 2020

By Mortgage Blog Content

How To Negotiate A Better Mortgage Rate

Mortgage

For those who are thinking about buying a house in the near future, they want to make sure that they get the best mortgage rate possible. At the same time, if people who want to reduce the interest rate on their mortgage, then they need to do everything you can to make yourself as attractive as possible to lenders. When they are negotiating for a better rate on your mortgage, they need to keep a few important points in mind. Make A Larger Down Payment If people want the lender to reduce the interest rate on your mortgage, then borrowers need to think about making a larger down payment. By doing…

30 Oct 2020

By Mortgage Blog Content

How Much Income Should People Spend On A Mortgage?

Mortgage

When people are looking for a home, this is an exciting process. There is always something fun about looking at potential homes and envisioning a future there. This is a big decision. At the same time, it is just as important for people to think about how much of their money they should be spending on their mortgage. There are a few rules of thumb that people should keep in mind. The 28 Percent Rule One of the most common rules that financial advisors and lenders are going to talk about is going to be the 28 percent rule. This rule states that people should not be spending any more than…

23 Oct 2020

By Mortgage Blog Content

The Top Questions Everyone Should Ask Before Renovating A Home

Mortgage Tips

There are a lot of people who are looking to improve the home in which they live. One of the top ways to do this is to renovate the building; however, it is also important for everyone to make sure they know exactly what they are doing before they get started. There are several questions that everyone should ask before they start a home renovation project. Is The Home Worth Renovating? One of the top reasons why people renovate a home is that they think this is going to increase the value of the home. While this is certainly possible, everyone has to run the numbers and make sure they are…