There are plenty of ‘estimate my mortgage payment’ calculators online, but some of them don’t take into account all the expenses a mortgage and a new home entail. Others only give you the monthly payments, without explaining how much goes toward the principal and how much is the interest. Finally, many of them are approximations […]
How to Get Pre Approved for Mortgage Loans?
Before a proper discussion on how to get preapproved for home loan, it’s important to define mortgage loan terms and conditions. In very simple terms, a mortgage is the type of loan that real estate buyers will use as a form of financing for their property purchase. For buyers who already own property, mortgage loans […]
What Is a Good Credit Score?
We’re not going to get into why a good credit score matters. After all, those three little numbers that make up your score is what mainly influences your ability to get a loan on good terms, for the amount you need and with low rates. That being said, it’s not often easy to determine precisely […]
What to Expect from First-Time Home Buyer Tax Credit Programs in 2015
If you’re interested in first time home buyer tax credit 2015 is definitely an interesting year to be experiencing and that’s because this year, the bulk of first-time home buyer programs will be state and locally funded. This year’s 1st time home buyer should know better than to expect federal funding. However, if you plan […]
What Is Negative Amortization?
Negative amortization is a financial term, which you may also encounter as NegAm, deferred interest, or graduated payment mortgage. To understand how negative amortization works, first you need to understand how to define amortization. This is the process of decreasing a specific amount or accounting for it, within a specific period of time. It follows […]
Is Now a Good Time to Refinance Your Student Loan?
A simple question: is now a good time to refinance student loans? The answer is a resolute yes. The student debt crisis in the U.S. is so serious that even Congress took note of it and tried to make amends by passing a relevant bill. Best known as REFI (Refinancing Education Funding to Invest) for […]
What to Expect from First-Time Home Buyer Tax Credit Programs in 2015
If you’re interested in first time home buyer tax credit, 2015 is definitely an interesting year to be experiencing. That’s because this year, the bulk of first-time home buyer programs will be state and locally funded. This year’s 1st time home buyer should know better than to expect federal funding. However, if you plan on […]
2015 Real Estate Trends
The New Year has just rolled around and everyone and their grandmother is keeping fingers crossed that 2015 will actually spell the end to the recovery from recession. As much as experts, buyers, sellers, and pundits might wish that this year marks a time of new found health for the property market, excessive optimism seems […]