by lizlaurenb | Oct 27, 2023 | Home Mortgage
If you have been declined for a mortgage, you may think that buying that new home is out of reach. However, there are ways to turn a rejection into an approval and to find a more accessible loan. Here are just a few steps you can take to learn about your loan options...
by lizlaurenb | Oct 26, 2023 | Home Financing Tips
“No-deposit” mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase a home without having to put down a deposit or a down payment. Here are the pros and cons of such deals: Pros: Lower upfront costs: The most...
by lizlaurenb | Oct 25, 2023 | Home Mortgages
A closed-end second mortgage is a type of loan that allows a borrower to obtain a lump sum of money using their home as collateral. It is considered a “second” mortgage because it is taken out in addition to the borrower’s primary mortgage. The term...
by lizlaurenb | Oct 24, 2023 | Mortgage
When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they approve the loan. An insurance binder is a document issued by the insurance company that provides temporary proof of insurance coverage until the...
by lizlaurenb | Oct 23, 2023 | Financial Reports
This week featured the usual retail sales report which shows consumer demand and as well as an indicator of the velocity of money, not only for consumers but business to business as well. An increase would show an increase in national and local increase in economic...
by lizlaurenb | Oct 20, 2023 | Mortgage
As retirement approaches, many individuals find themselves faced with financial challenges and uncertainties. One option that is often overlooked but can be incredibly beneficial is the reverse mortgage. A reverse mortgage is a financial tool that allows homeowners...
by lizlaurenb | Oct 19, 2023 | Mortgage Tips
In the world of personal finance and homeownership, there’s a common debate: should you pay off your mortgage early, or is it better to take a more relaxed approach to your home loan? While the idea of being mortgage-free is undoubtedly appealing, there are...
by lizlaurenb | Oct 18, 2023 | Mortgage, Mortgage Tips
When it comes to buying a home, one of the most critical factors to consider is how much you can borrow through a mortgage. Mortgage lenders play a pivotal role in determining your borrowing capacity. We will delve into the intricacies of how mortgage lenders decide...
by lizlaurenb | Oct 17, 2023 | Home Mortgage
When it comes to purchasing a home, one of the most significant financial decisions you’ll make is how much to put down as a down payment. Your down payment not only affects the amount you need to borrow but also plays a vital role in determining your mortgage...
by lizlaurenb | Oct 16, 2023 | Financial Reports
Last week’s economic report schedule included notable reports with the CPI & Core CPI in addition to PPI and Core PPI. Many markets are keeping a close eye on the inflation numbers for the U.S. as well as many other parts of the world to help guide their policies....
