There are so many details involved in the mortgage process that you may not be aware of what pre-approval is if you've just entered the market. However, pre-approval assesses your ability to make monthly mortgage payments and can be an important first step in the home-buying process. If you're currently contemplating a home purchase, here's why you may want to consider pre-approval first. Improved Agent Attention Real estate agents may be reluctant to spend the time or put significant effort … [Read more...]
Buying a Home on a Single Income? 3 Budgeting Tips That Will Make Things Easier
Are you thinking about buying that perfect new home? Whether you're buying for yourself or a new home for a family, there will be many costs involved. Let's take a look at 3 budgeting tips that will help make home ownership on a single income easier. Get A Full Picture Of Home Ownership Costs Buying a home is never as simple as paying a mortgage payment each month. So, as with most budgets the first place to start is a full consideration of everything involved. On top of your mortgage, what … [Read more...]
If Your Home Is Destroyed in a Natural Disaster, What Happens to Your Mortgage?
When you've been in your home for a while and have established a certain amount of equity, it can be a good feeling to know that you have an investment you can count on. However, with changing weather patterns you may be afraid of a natural disaster striking and what it could mean for your financial well-being. If you're curious about how this can impact your mortgage, here are a few things to consider. Determine Your Protection The thought of having your home adversely impacted by a natural … [Read more...]
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