7 Solutions for Homeowners Struggling with Mortgage Loans
If you’re struggling with a home mortgage or having difficulties repaying loans, you are not alone. According to RealtyTrac, one in every 12,448 homes remains in foreclosure throughout the USA as of Dec. 2020. In Florida, one in every 6,240 residences, while in California, one in every 11,342. The coronavirus ...
Should I Select an FHA Loan to Buy My New Home?
Financing your new property or construction home requires time, organization, and understanding of the different alternatives available to you as a customer. One option is the FHA loan, offered by the Federal Housing Administration. In contrast to other mortgages, FHA loans have many benefits and are designed specifically to streamline your ...
How to learn if mortgage insurance is worth it?
Purchasing a new house is both exciting and stressful. The majority of new homeowners believe they have overpaid for all of the costs related to their acquisition. Although some of these expenses are necessary, others, such as mortgage insurance, require careful consideration. So, should you add mortgage insurance payments ...
Five things to know about mortgage insurance
If you are considering buying a property, you should ideally save a 20% down payment; if you don't, your lender will require you to purchase mortgage insurance before signing the loan (PMI). It is an added cost on top of your regular monthly home loan settlement, intended to save the ...
Home Insurance vs. Mortgage Insurance
Buying a property for the first time can be perplexing, especially when trying to decipher the myriad terminologies associated with the process. As a result, don't mistake home insurance with mortgage insurance while deciding the type of insurance. What is Home Insurance? Family property insurance can protect you financially if ...
Refinance Questions on Mortgage and Their Answers
Many existing homeowners consider refinancing their mortgage due to so many reasons. However, if this is your first time refinancing, then it’s safe to say that you have so many unanswered refinance questions to tackle. Below, you’ll find answers to common refinance questions about your mortgage. 7 common refinance questions on ...
