Below you'll find a list of all posts that have been tagged as “Mortgage”
Realtor® Melanie Cameron shares the benefits and disadvantages of purchasing a home with cash versus a mortgage (financing). While owning your home outright sounds like a great idea, there are some opportunities you may miss out on by not financing your purchase. Considering buying or selling your home? Give Melanie a call or send her a text message at …
A home is most people’s largest asset, but the value of any property can fluctuate significantly. It’s impossible to predict the future of the real estate market, and your home’s value may take a sudden downward turn after you buy it. Although it should recover and increase in value over time, this creates a problem […]
If you’re close to paying off your mortgage, you have a great deal of equity in your home. Paying off your house is a major financial accomplishment that provides extra security and peace of mind, especially as you near retirement. Unfortunately, unexpected situations occur all the time in life, and you may find yourself facing […]
If you feel ready and excited to buy a home, being denied for a traditional mortgage can be incredibly frustrating. Conventional mortgages typically have income and credit score requirements that not everyone meets, and most lenders tend to be inflexible with these terms. After being denied for a conventional mortgage, you may consider working with […]
If you are a first-time home buyer, you may not know that your mortgage payment consists of more than just the loan you’re approved for. This is especially important to understand, because these additional “pieces” raise the amount of money you’ll be paying out-of-pocket every month. Depending on the size of the home you are buying, this could be more …
Buying a home is likely the biggest financial transaction of your lifetime. It takes most people years to prepare to buy their first home, and saving for the down payment is often the most difficult step. A conventional down payment is 20 percent of the value of the home. There are benefits to making a […]
Interest rates may be rising, but compared to past decades – they’re awesome! Financially, right now is a great time to buy if you’re in the position to do so. If you aren’t sure, text or give us a call at (910) 233-2840 and we’ll put you in touch with a reputable lender who can give you a good idea …
The average home purchase takes about 45 days. That is just over a month. It doesn’t sound very long, does it? Except that a lot can happen in 45 days, including a car breaking down, a company bonus, and a shopping spree for the new home. All of these could cause issues for your mortgage application, which is why you …
Buying a home is an enormous financial commitment, so you should be certain that you’re prepared for your monthly payments. Before you start your home search, you should know exactly what you can spend so that you can narrow down your search and feel confident in your purchase. There are a number of considerations to […]
If you have additional income after paying your mortgage and other bills, you may be concerned about what to do with it. The financial choices you make today will affect your future, so it’s important to choose thoughtfully when you have extra money. You could use the funds to make extra payments on your mortgage, […]
