December 9, 2020

Buying a home is a huge commitment and can be a confusing process, especially for first-time homeowners. Ensuring that you get the best mortgage rate may seem like a difficult task; however, it can be made simpler if you ask yourself the following questions. 1. Fixed-Rate or Adjustable-Rate Mortgage? In the case of fixed-rate mortgages, the sum of money that you pay towards principal and interest...

September 25, 2020

Buying your first home can be wonderfully exciting; however, this process can be full of apprehensions too. After all, in such situations it is quite easy to get caught up in the moment and make mistakes that you will end up regretting later. Listed below are some common errors most first-time home buyers make, and how you can avoid them. 1. Searching for a home before applying for a mortgage Mor...

October 15, 2019

Many individuals think that refinancing their home is easier than buying a house; however, it may not always be that way. Why do you want to refinance? This is the first question you must ask yourself before you go about the process. Certain individuals refinance with the aim of lowering monthly interest payments. However, by refinancing with another 30-year full-term loan, they often end up incr...

April 5, 2018

If you're looking at buying a house, apart from your credit score, there's one more metric that plays a very important role: your home insurance score. A credit score helps lenders determine the probability that a borrower will pay back his mortgage. On the other hand, a home insurance score is used by insurers to determine the likelihood that the insured will file a claim during the term of the ...

January 4, 2018

Having your own house can be a very special feeling. However, before you reach this milestone, there are a few hurdles that you must cross. Perhaps the biggest obstacle is getting approved for a mortgage. Many individuals mistakenly believe that if they have a sizable income and money in their bank account, their chances of obtaining a home loan are quite bright. Unfortunately, that’s often...

April 25, 2017

If you are someone who has been trying to build their credit history, you may have wondered whether paying your rent on time could have a positive impact on your score. If we were to provide a simple answer to this question, then yes, timely rent payments can in fact boost your credit score. Having said that, you must also understand that a number of criteria need to be satisfied before you can r...