Negative Equity, How it Happens and How to Avoid It
Fundamentally, negative equity is the situation where the value of your home is less than the amount you still owe…
Applying for a Mortgage When Self-Employed
When applying for a mortgage when self-employed, a major factor is to declare as much income as you can. It…
Saving on Homeowners Insurance Costs
Saving on homeowners insurance costs is not particularly easy, but you can save if you take some time to do…
Escrow Accounts and Why You Need Them
Escrow accounts are a means of paying small regular sums of money to cover large sums required at regular intervals…
Paying Cash for a Home: Is it Worth Doing?
Paying cash for a home would seem to be the ideal way to purchase real estate. No mortgage, so no…
Joint Mortgages for Couples with Conflicting Credit Scores
Joint mortgages for couples, whether married or not, can be problematic if they have conflicting credit scores. What is the…
Libor ARMs: What are They and Why Select One?
A Libor based mortgage is an adjustable rate mortgage (ARM) in which the interest rate is tied to an index…
Mortgage Refinance and Modification: What’s the Difference?
What is the difference between mortgage refinance and modification? Fundamentally, mortgage refinancing involves changing the terms of your mortgage to…
Improving Your Credit Score: How to Improve your FICO Score
Improving your credit score is important if you are seeking a mortgage. If your FICO score is below 700, you…
Home Staging: How Much to Spend on Staging a Home for Sale
Home staging need not be expensive. It is not possible to say how much you should spend on staging a…