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Most Renters Are Paying Far More Than Their Landlord’s Mortgage

June 6, 2023 by Robby Oakes

It is not uncommon for renters to pay more in rent than their landlord’s mortgage payment. This is because landlords are typically looking to make a profit on their rental properties, and they will often set their rent prices based on market rates rather than the cost of their mortgage.

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Payment, Renting

Does My Current Debt Affect Getting A New Mortgage?

June 1, 2023 by Robby Oakes

It’s important to manage your debt carefully and maintain a good credit score if you’re planning to apply for a new mortgage. By evaluating the following and staying on track, you can ensure that you’re ready for the financial responsibilities of a mortgage and can make an informed decision about homeownership.

Filed Under: Mortgage Tagged With: Credit Score, Debt to Income, Mortgage

An Overview Of Mortgage Points

May 31, 2023 by Robby Oakes

There are two types of mortgage points: discount points and origination points. Discount points are used to buy down the interest rate on the loan, while origination points are used to cover the lender’s administrative costs.

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Points, Mortgage Rates

Understanding the Basic Interest Rates Difference Between Fixed and Variable

May 26, 2023 by Robby Oakes

Home loans are available in an assortment of lending packages, but the big difference that consumers need to pay attention to at a minimum is how the interest charge is calculated. Interest is the margin that represents the profit and risk offset for a lender financing a consumer’s home purchase.

Filed Under: Mortgage Tagged With: Fixed, Interest Rates, Mortgage

What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?

May 25, 2023 by Robby Oakes

A reverse mortgage and a home. equity conversion mortgages (HECM) are both types of loan products that allow homeowners to tap into the equity they have built up in their homes. However, there are some important differences between the two.

Filed Under: Mortgage Tagged With: Home Equity, Mortgage, Reverse Mortgage

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Recent Articles

  • Most Renters Are Paying Far More Than Their Landlord’s Mortgage
  • S&P Case-Shiller Home Price Indices Show Mixed Readings in March
  • Does My Current Debt Affect Getting A New Mortgage?

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