Categories for How-to

Getting Rid of Private Mortgage Insurance

October 24, 2014 by Leave a comment

You can raise your credit score, save enough cash for closing costs, and maintain accurate financial records. However, if you don’t have at least a 20 percent down payment when buying a house, you’ll have to pay private mortgage insurance. Private mortgage insurance is required on all mortgage loans with a loan-to-value ratio greater than... View Article

Read More

Thinking About Renting Out Your Residence as a Vacation Home? What You Should Know

October 13, 2014 by Leave a comment

When handled correctly, a vacation rental can bring in a lot of extra income each month, but it also comes with built-in liability. Whether you have an existing home that would make a great rental or you’ve been considering purchasing one, a few things should be considered before you make the move. By following the below... View Article

Filed under: , ,
Read More

Five Refinancing Tips for the Self-Employed

October 8, 2014 by Leave a comment

Homeowners refinance their home loans for numerous reasons with many seeking an improved rate and a lower mortgage payment. But whatever your reasons are, being self-employed is going to make the process more challenging. This comes as mortgage lenders find this group carrying greater risks thanks to their inconsistent income. If you’re self-employed or a contract... View Article

Filed under: , ,
Read More

Three Goals for First-Time Homebuyers

October 6, 2014 by 1 Comment

You may like the idea of owning your own place, but according to a recent news report, many would-be first-time homebuyers are sitting on the sidelines due to fear of rejection. It’s no secret that mortgage guidelines have become stricter in recent years. Despite having adequate income to afford regular monthly payments, many discover that... View Article

Read More