A home is an investment, so it is important to treat it as such. The best time to capitalize on a home's value is when it is sold. Therefore, it is important to take care of it with some simple home maintenance tips.
Smart homebuyers know that mortgage rates and terms can vary widely among lenders. While your credit score and history will influence what rates and terms you're offered, there's a wide range of flexibility, which means shopping around for a pre-approval makes sense. At the same time, it's important to minimize credit inquiries to protect your credit rating.
Potential homeowners need to understand the different types of loans available. This is a major financial decision, and it is important to evaluate the benefits and drawbacks of each option.
There is a lot of terminologies involved in the mortgage application process, and one common term people come across is a mortgage point. What exactly is a mortgage point, and how might impact the price of the loan?
Most loan applications with less than 20% down payment are required to include mortgage insurance with the loan. However, mortgage insurance may still be needed, even if it's not typically required by your lender.
Purchasing a house involves a tremendous amount of paperwork. There is even more paperwork involved if the buyer goes through a lender. With so much paperwork, some homeowners might be wondering how long they have to keep all of these documents. Ideally, homeowners should keep these documents for the life of the loan, but there are a few other points to consider.