When you buy a home, you buy more than the structure; you also buy into a neighborhood. You can’t just pick up your home and move elsewhere, so you want to make sure you love it. How do you know what the area is like if you don’t live there? We give you the top five tips on how to make sure you make Read more
The 4 Hidden Costs of Homeownership and What You Can Do About Them
Homeownership is a rewarding, life-long investment. But let’s be practical, buying a home has costs with some of them out in the open like down payment. Still, other costs can be hidden because they come in later when you have closed the loan.It’s never too late to prepare for these so-called Read more
A Senior’s Guide to HECM Refinance Costs
One primary requirement for any HECM refinance is meeting the refinance benefit factor. Simply put, your benefit from the refinancing should be five times more than the costs associated with the refinance. Refinancing your existing Home Equity Conversion Mortgage can be costly and would thus not Read more
The Real Cost of Homeownership
Owning a house is more than just paying a monthly mortgage. There are other costs involved once you move into a home and it is important that you familiarize yourself with these first before you settle into your new abode, else you’ll be in for a surprise that could ruin your future finances.The Read more
What Does PITI Stand for on a Mortgage?
When you shop for a mortgage, you likely hear the term PITI thrown around. What exactly does this term mean and how does it affect you?The term stands for Principal, Interest, Taxes, and Insurance and it is what makes up your mortgage payment. When you talk to a lender about a potential Read more
