Tag: Mortgage

Posted on 04/19/2020
Freelancers Need to be Prepared When Applying for Home Financing
Photo by 200 Degrees via Pixabay The gig economy has exploded over the past decade. Today, around 36% of the US workforce is freelancing and many more or self-employed small business owners. While being your own boss does afford you great freedom to set your hours and often work where you want, you may face extra scrutiny when...
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Posted on 01/26/2020
How is a Land Contract Different than an Mortgage?
Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...
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Posted on 01/05/2020
How Your Credit Score Affects Your Monthly Payment
Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...
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Posted on 11/24/2019
Prequalified vs Preapproved: Tips On Securing a Mortgage Before Buying a Home
If you’re a first-time homebuyer, odds are you’ve thrown the words “prequalified” and “preapproved” interchangeably. However, when it comes to home loans, there are some very important differences between the two. For buyers hoping to purchase a home with a few missteps and misunderstandings as possible, it’s vital to understand the procedures involved in acquiring financing for a home....
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Posted on 08/11/2019
Tips for Paying Off Your House Fast
You might think those people who own houses saved up until it got to the right amount. Well, this might be possible, but it is difficult to achieve since the temptation to use the money and unforeseen expenses may arise. So how do most people acquire a house? In America today, the quickest path to homeownership is by...
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