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Mortgages

Home Archive by category "Mortgages"

Why a Home Inspection Is Crucial Before You Buy a New Home

By Go Policy Guide | Mortgages | Comments are Closed | 14 February, 2016 | 0

Make sure the sales contract on your new house or condominium includes a home inspection clause before you sign it. The inspection clause should clearly state that your final obligation to buy depends on the outcome of a professional home inspection. When it comes to the largest single investment you’ll probably ever make, you don’tRead more

Buyers Ulitmately Pay a Price in PMI for Their Low Down Payments

By Go Policy Guide | Mortgages | Comments are Closed | 4 February, 2016 | 0

Mortgage lenders have begun requiring home buyers to either make a 20 percent down payment or buy private mortgage insurance in the wake of the mortgage meltdown. Some mortgage lenders have reduced the required down payment in the last couple of years, and they will now accept mortgage loans with only 5 percent or 10 percentRead more

Know About Your Mortgage Loan Possibilities Before House Hunting

By Go Policy Guide | Mortgages | Comments are Closed | 31 January, 2016 | 0

Obviously, everyone should know exactly how much house they can actually afford to buy before they end up going online to shop or begin cruising neighborhoods scouting out the “For Sale” signs. Generally, you can expect to acquire a home loan that is roughly two and a half times your gross annual salary. Your gross annualRead more

You Have to Live in New York City for 18 Years to make Buying Worth It

By Go Policy Guide | Mortgages | Comments are Closed | 25 January, 2016 | 0

The median sale price for a home in New York City is $1.2 million. A key factor when deciding whether to buy or rent with incredibly high prices like these, is to know exactly how long you plan on staying in that home. SmartAsset calculated how long it would take to make buying a homeRead more

Tips to Paying Off Your Mortgage Faster

By Go Policy Guide | Mortgages | Comments are Closed | 25 January, 2016 | 0

For homeowners out there- old or new, finally paying off your mortgage is a dream come true. Having this huge financial burden lifted off your back will free up a lot of space in your monthly budget. Be sure to avoid a short-term mortgage as an easy way to keep you out of a financialRead more

Your Credit Score Will Ultimately Determine the Cost Of Your Mortgage Loan

By Go Policy Guide | Mortgages | Comments are Closed | 23 January, 2016 | 0

Your credit score is absolutely crucial when you are applying for a home mortgage loan because a low credit score will inevitably translate to paying higher interest rates. In fact, a low credit score may even prevent you from attaining a mortgage loan at all from certain lenders. To learn your credit score, you shouldRead more

Get A C.L.U.E. Before you Buy your New Home

By Go Policy Guide | Mortgages | Comments are Closed | 22 January, 2016 | 0

A C.L.U.E. report stands for a Comprehensive Loss Underwriting Exchange.  The “exchange” in this particular situation represents the information that the home insurance loss underwrites about home insurance claims. Based off an article at Zillow.com, one in every fifteen homes possesses an insurance claim every year.  This is something that could potentially be very importantRead more

Are You Ready to Buy a Home?

By Go Policy Guide | Mortgages | Comments are Closed | 20 January, 2016 | 0

Naturally, shopping around for a new home can be a very overwhelming and especially daunting task, as it is a life decision you could be living with for the next 30 years, or even more.  Taking this search seriously is a vital part towards finding your dream home, but there are some signs that mayRead more

Recent Stock Meltdown May Help Buy Your New Home

By Go Policy Guide | Mortgages | Comments are Closed | 18 January, 2016 | 0

Because of the Fed’s recent decision to raise interest rates, along with inquiries about China’s economy, now may be a great time to buy the home you’ve always dreamed of. Money going into Treasury’s now has mortgage rates at a two-month low. 30 year mortgages are now at about 3.92%! The housing market has successfullyRead more

Prepayment Penalties Demystified

By Go Policy Guide | Mortgages | Comments are Closed | 24 September, 2015 | 0

Perhaps you received an inheritance and want to pay off your mortgage. Or maybe you cleaned up your credit and want to refinance a not-so-favorable loan. These sound like easy adjustments, right? Well, that depends. Prepaying your loan could cost a good deal of money if you have a prepayment penalty in your contract. ThoughRead more

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Recent Articles

  • Changing Your Point of View On Life Insurance

    It is fairly easy to understand why so many people at age 18 to 34 do

    13 August, 2018
  • Annuity Payout

    When buying a life insurance policy, you have two options when it

    13 August, 2018
  • When to Go See the Doctor

    Insurance agents suggest to visit your primary care physician before shopping for

    13 August, 2018

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