If you’ve been thinking about buying a house, you’ve probably considered how much you can afford in mortgage payments. Have you also thought about what would happen if you lost your source of income? While the sudden loss of employment is always a possibility, the current uncertainty of our economy has made more people think […]
Tag: mortgagebroker
Getting your down payment ready
Buying a house? If you don’t buy property regularly—and most people don’t—you may need a refresher on the rules for mortgages and down payment sources. Not only will you need to prove that you can afford the mortgage, you’ll need to show your lender where you’re getting the money for your down payment. DOWN PAYMENTS […]
UNLOCKING EQUITY THROUGH REFINANCING
With all the financial upheaval in recent months, many clients are looking to refinance their mortgage. If you have taken on more debt than usual due to less work or unforeseen expenses then refinancing equity out of you house at a much lower interest rate is a great long term solution. RENEWING VS. REFINANCING A […]
BEYOND YOUR DOWN PAYMENT: PREPARING FOR CLOSING COSTS
Saving to buy a home is so much more than putting together a down payment. Down payments receive all the attention as you save to buy a property. If you take some time to plan for other expenses related to closing on your property, you won’t be surprised by the actual amount you should have […]