Tag: Mortgage

Financial Assistance Programs for Your New Home
Posted on 02/05/2020
Financial Assistance Programs for Your New Home
Image by Tumisu from Pixabay If you’re in the market for a new home, chances are you’ve been evaluating your finances. As a first-time homebuyer, there are programs in place to help with the down payment. According to the December 2019 Realtor Index Confidence Survey, first-time homebuyers accounted for 31% of all sales, and 77% put down less...
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Which is Smarter: Paying Off the Mortgage or Investing?
Posted on 01/29/2020
Which is Smarter: Paying Off the Mortgage or Investing?
Photo by Andrey_Popov via Shutterstock Often, when discussing ways to get out of debt, the subject of “mortgage versus investments” comes up. If you have a mortgage, your monthly budget likely revolves around paying it first, meaning investment ideas take a back seat. One way to free money up to invest is to pay off the mortgage, and...
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Should You Borrow Against Your Home?
Posted on 10/23/2019
Should You Borrow Against Your Home?
Borrowing against your home is called home equity. Home equity is the value of your property after deducting your remaining mortgage balance and is one of the sources of income for homeowners. After ultimately paying off your mortgage, it’s possible that the value of your property increases – which also increase your equity amount. If you live in...
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Save on Your Mortgage - Shop First
Posted on 10/16/2019
Save on Your Mortgage - Shop First
Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put in a “low-ball” offer on a...
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