Experts recommend that you don’t spend more than a third of your monthly income repaying your mortgage. Doing so puts you at the risk of defaulting while lowering the quality of life. Unfortunately, over 39 million American households did hear this clarion call, and they struggle to afford their homes. Don’t let this happen to… Continue reading Make Mortgage Application a Breeze in 2 Simple Moves
Tag: Mortgage
Fixed Rate Mortgage: Do the Pros Outweigh the Cons?
While a fixed-rate mortgage offers certainty in terms of interest rates, many are still hesitant to consider this because of its higher monthly payment. The said home loan program has a higher interest rate, which then results in higher monthly payment. This is the cost of the financial certainty provided by the loan. Constant Rates… Continue reading Fixed Rate Mortgage: Do the Pros Outweigh the Cons?
Prepare for Your Home Refinancing in Three Easy Steps
Home financing commitments can take decades to be completely fulfilled. Prior to owning a property, it will also take years to build the merits that will give you the best mortgage rate that will work with your budget. It takes long-term planning, good judgment, and negotiation skills to get the lowest possible mortgage rate if… Continue reading Prepare for Your Home Refinancing in Three Easy Steps
Failing a Mortgage Before it Even Starts: What Are You Doing Wrong?
Mortgage and homebuyers have a long history of a love-hate relationship. And just like every engagement, rejection can happen even before you make direct contact. Or, in the case of a mortgage, a contract. FrandsenBank.com suggests that you should know how lending institutions view your financial situation. This is advantageous because you can fix and… Continue reading Failing a Mortgage Before it Even Starts: What Are You Doing Wrong?
3 Things You Must Not Do Before Applying for a Home Loan
Nothing is more exciting than taking your first step towards home ownership. You can’t wait to end your renting life, and start paying for something you could actually own someday. Considering the number of housing options in Utah, the property hunt gets even more thrilling. Unless you’re well heeled enough to buy your first-ever home… Continue reading 3 Things You Must Not Do Before Applying for a Home Loan
The Ease and Convenience of Getting a Mortgage Loan
Every person dreams of having their own house someday. As children, people believe that studying and working hard so that they earn enough money to buy their own home, car, and own things. However, adult life has shown us that reality is not always this simple and easy. The Reality of Adult Life Sometimes, even… Continue reading The Ease and Convenience of Getting a Mortgage Loan