Tag Archives: Loan

The 6 worst mortgage mistakes you can make

This is an article written for MoneyTalks News by Maryalene Laponsie. It has some excellent advice about the process of getting a home mortgage. It has been slightly edited. To see the original article, go here. Is your house your … Continue reading

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5 Things Renters Should Know About Owning

For renters who aspire to be home owners, transitioning from an apartment to a house requires a shift in their thinking. The financial changes that come with owning, the need to consider planting longer-term roots in a neighborhood, and new … Continue reading

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What Do I Do Now? part 5 – Contract to Close

 Now that you have a contract, everything shifts into overdrive to get the deal done. There are several things you will need to do before close. You’ll need a closing company to help you with the transfer of the Title … Continue reading

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What do I do now? part 1 – Getting Started

You’ve made the decision. Apartment living just isn’t going to work anymore. Too many rate increases, too much noise, and one too many dings in your car doors have convinced you it’s time to think about putting a few feet … Continue reading

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One-third would do it. Would you?

  A recent survey by BMO Harris Bank revealed that most people who go into the home buying process (61 percent) have a budget in place for their purchase. They know how much house they want and what it will … Continue reading

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The Cost of Buying a Home

The cost of buying a home is actually more than just the cost of buying a home. Wait. Isn’t that like saying zero is greater than zero? Well, not really. Here’s the point. When you buy a home you choose … Continue reading

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Buying a home with no money down

Before the housing bubble popped in 2008 there were a number of different ways to finance a home purchase. There was the conventional 20% down payment. There were adjustable rate mortgages that started with low monthly payments and a temporarily … Continue reading

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The Twenty Per Cent Down Payment

Conventional wisdom says that it is always the best idea to put 20% down when purchasing a house. It builds instant equity into your property and helps to protect you against sudden drops in Real Estate values like the one … Continue reading

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7 New Rules for the First Time Home Buyer

2008 was not a good year for Real Estate! After a run-up that heated the market to unsustainable levels, the crash was hard and loud. Many people lost all of the equity in their homes. Many more lost their homes as well. … Continue reading

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4 Tips to Determine How Much Mortgage You Can Afford

Buying a house without first knowing what kind of financial shape you’re in is a bit like going to the grocery store on an empty stomach. You’ll see all types of properties that you would love to live in but … Continue reading

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