Tag Archives: mortgage

Let’s Go House Hunting — Or Not

Spring and summer mean different things to young families. For some it’s a time of fun and adventure, while others anticipate a lengthy period of relaxation and recharging. And then there are those who don’t fit in either category. They’re the families who page through Trulia and Zillow looking for a new home to move into before the new school year begins.Continue Reading

The Lowdown on Home Loan Modifications

Back in 2009, during the height of the Great Recession, the Home Affordable Refinance Program, or HARP, was born to help those who could no longer afford to pay their mortgages due to financial hardship or their home being upside down. Applicants that qualify for the HARP program work with modification officers within mortgage lenders to provide all the necessary financial information for them to process the request. In the end, young families can see a reduction in their mortgage payments for a short period of time, giving them a chance to catch up and take a breath. In order to determine if a HARP or loan modification program is right for you, here are a few things you need to know.Continue Reading

The ABCs of Home Ownership

You’ve decided to move the family out of your one-bedroom, walk-up apartment into a home in the suburbs. First off, congratulations – you’re taking a step many Americans still have yet to achieve. Second, you may be unfamiliar with some of the terms encountered in the course of your home purchase. Here to help you along are a few basic terms to get familiar with.Continue Reading

Should You Pay off Your Mortgage Early?

The dream of many homeowners is to let out an exhalation of breath and cheer at the same time they send the last check into the mortgage company well before their 15 or 30 year loan ends. For these folks, the end to monthly payments is the beginning of a period of financial freedom, whether it be extra money gained or the ability to sell the house and reap the rewards of its full value. However, are there any consequences to this action? Let’s examine the pros and cons and answer this question – should you pay off your mortgage early?Continue Reading