If a buyer can’t obtain a mortgage due to poor credit, employment history, lack of down payment or income — most lenders will consider lending if there is someone to act as co-signor or guarantor for a mortgage. The two options provide different requirements. Co-signer or guarantor for a mortgage, which is best? People often […]
Your Mortgage Up For Renewal?
Mortgage renewal time is a very important time. I see too many people though treating it too lightly. Most financial institutions will not touch base with you until about 30-45 days from your renewal date which does not give you a ton of time to figure out what to do. Especially in our busy lives. […]
You’re Approved Now What? 10 Tips For A Smooth Closing
While you may have a mortgage approval, your mortgage doesn’t actually fund until the day you close on your new home. During that period of time, keep the following tips in mind to ensure a smooth closing. 1. Be careful about taking on additional credit, i.e., new credit cards or “Don’t pay for one year” […]
Get Pre-Qualified For A Mortgage
Buying a home is one of the biggest financial decisions you will make, especially if you are buying your first home. So it is important to know your current financial situation and ensure you buy a home you can afford while still enjoying your life. For that reason I always recommend all home buyers talk […]
Mortgage vs HELOC – Do You Know The Difference?
Today, with the Internet, we all have an abundance of information literally at our fingertips. Despite the information available many homeowners have limited knowledge about the mortgage process and products. Their lack of knowledge can turn out to be costly. Homeowners should know the difference between a conventional mortgage and a Home Equity Line Of […]