One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage? First things first, a second mortgage refers to […]
If you have always dreamed of building your own home, there are lending options that can make this possible! Building your own home gives you the opportunity to create your perfect retreat, customized to your own tastes, and enables you to completely avoid the often tedious process of home shopping. It can also save you […]
Lately, money is tighter than ever for a lot of people! High prices of groceries and utilities have definitely put a squeeze on our budgets, and it can be intimidating to consider getting a mortgage or buying a home in this economic climate. That said, there are ways to find small savings, which add up […]
As interest rates continue to climb, potential homebuyers or people with existing mortgages are exploring new ways to minimize the cost of their loans. An option that has recently gained more attention is the short term fixed rate mortgage. These kinds of loans can save you money in the long term if you use them […]
If you are a first time home buyer, it can be helpful to “expect the unexpected” when it comes to your housing costs. Even though saving for these contingencies might take a bite out of your budget now, it hurts a lot less than scrambling to cover these costs if and when they arise. The […]
Getting pre-approved for a mortgage is a great way to smooth out the home buying process. Once you are pre-approved, you know exactly what your budget is and you can feel confident that you are making a choice that is within your means. The key to having a straightforward pre-approval experience is to ensure that […]
