Tag: Mortgage

Mortgage Penalties: Prepayment
Posted on 02/09/2020
Mortgage Penalties: Prepayment
Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...
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Strategies for Paying Off Your House Fast
Posted on 10/13/2019
Strategies for Paying Off Your House Fast
You might think those people who own houses saved up until it got to the right amount. Well, this might be possible, but it is difficult to achieve since the temptation to use the money and unforeseen expenses may arise. So how do most people acquire a house? In America today, the quickest path to homeownership is by...
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Mortgage Pre-Qualification Versus Pre-Approval: What Are their Benefits?
Posted on 06/23/2019
Mortgage Pre-Qualification Versus Pre-Approval: What Are their Benefits?
Securing mortgage pre-qualification and pre-approval are two crucial steps which assure lenders that you will be able to afford payments. Pre-qualification and pre-approval are quite different, but they do share numerous benefits. As you get ready to finance a new home, you have probably come across mortgage pre-approval, mortgage pre-qualification, or even both of them. So what does...
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