Tag: mortgage

If the President Wants to Refinance, Should You Think About it As Well?

By - August 28, 2013

House

On August 7, 2013, President Barack Obama sat down with Zillow CEO Spencer Rascoff to answer housing questions from American homeowners. During the conversation, President Obama mentioned that he would probably benefit from refinancing his Chicago home. The president says that refinancing would benefit his mortgage interest rate, allowing him to save money on his monthly payments. If the president can save money on his monthly payments by refinancing, could you reap the same benefits?

How you could benefit from refinancing

By refinancing your home, you could switch out your current loan for a new mortgage that includes better terms. Take a look at these five ways a refinance could save you money in a variety of ways. Continue reading

Preparing to Get a First Mortgage

By - May 21, 2013

Proper communication between buyer and lender will make home buying a successful one

Buying your own home can be a daunting task particularly, if you are a new home buyer. However, if it’s done in the right way, then it can be a rewarding experience for a secured future. It requires a lot of time and effort to collect the necessary details of the home that you’re planning to purchase. The process of home buying begins with deciding a price range that you can afford and prove to be successful if you’re able to make the down payment for it. Other factors that the lender will take into consideration before approving your home loan are your credit score, debt to income ratio, and employment record. Thus, if you can satisfy the requirement of the lender, you will be able to obtain your first mortgage and buy your dream abode. Continue reading