If you are buying a home you have plenty of research to do. But most mortgage information reads and sounds like military code: ARM, APR, PMI. It’s hard to tell if you’re buying a house or intercepting submarine messages. Below are some common mortgage words and their meaning: Adjustable-rate mortgage (ARM) — A home loan [...]
When you buy your first home and you see that 30 year term, it seems like you’ll be paying for your home forever. However, there are ways to shorten your mortgage term without refinancing or paying extra penalties. Pay a little extra money every month towards your principal. You can usually add a dollar amount [...]
There are a lot of people who escaped the economic downturn with their credit ratings still intact despite really suffering from the consequences. Many were forced to sell everything to avoid bankruptcies or mortgage foreclosures. Unfortunately, having been through that experience, many are now reluctant to try again. That is an approach that is perfectly [...]
