Mortgage Tips Archives - Hot List Names

Should You Prepay the Mortgage or Invest Instead?

February 15, 2021

Itâs been a while since I last posted a mortgage match-up, so without further ado, hereâs the latest installment: “Prepay the mortgage or invest instead?” There are likely thousands of articles that deal with this very subject, all with plenty of differing opinions, but we are in unprecedented times. Mortgage rates have never been lower [&hellip

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Watch Out for Low Mortgage Rates You Have to Pay For

February 14, 2021

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| Mortgage, Mortgage Rates, Mortgage Tips, Personal Finance, Refinance

Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the âhow low can we appear to goâ game. For example, mortgage lenders may be talking about their lowest rates (with multiple points required), as opposed to offering [&hellip

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Buying a Home in 2021? 11 Tips to Get It Done!

February 14, 2021

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| Money Tips, Mortgage, Mortgage Tips

If youâve yet to enter the housing market, but are thinking of buying a home in 2021, thereâs a lot you need to know. As I once pointed out, this isnât your older siblingâs housing market. Not just anyone can get a mortgage these days. You actually have to qualify. But weâll get to that [&hellip

The post Buying a Home in 2021? 11 Tips to Get It Done! first appeared on The Truth About Mortgage.

15-Year Fixed vs. 30-Year Fixed: The Pros and Cons

February 12, 2021

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| Money Tips, Mortgage, Mortgage Tips

It’s that time again, where I take a look at a pair of popular mortgage programs to determine which may better suit certain situations. Today’s match-up: “15-year fixed mortgage vs. 30-year fixed mortgage.” As always, there is no one-size-fits-all solution because everyone is different and may have varying real estate and financial goals. For example, [&hellip

The post 15-Year Fixed vs. 30-Year Fixed: The Pros and Cons first appeared on The Truth About Mortgage.

If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders

February 12, 2021

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| Mortgage, Mortgage Tips, Personal Finance, Refinance

A lot of homeowners are looking to refinance their mortgages at the moment. Thatâs abundantly clear based on the record volume of refis expected this year, per the MBA. And while mortgage rates are in record low territory, thus making the decision to refinance an easy one for most, it still pays to shop around. [&hellip

The post If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders first appeared on The Truth About Mortgage.

10 Mortgage Lenders to Consider for the Best Mortgage Rates (and Fees!)

February 12, 2021

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| Money Tips, Mortgage, Mortgage Rates, Mortgage Tips

Everyone likes a discount, right, even if itâs on a small one-time purchase that equates to a nominal amount. For one reason or another, it just feels like a win. Itâs obviously even sweeter if you get a discount on a big-ticket item, as the savings will be much larger. Better yet, how about a [&hellip

The post 10 Mortgage Lenders to Consider for the Best Mortgage Rates (and Fees!) first appeared on The Truth About Mortgage.

12 Home Selling Tips for 2021

February 12, 2021

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| Money Tips, Mortgage, Mortgage Tips

While the recent stock market boom, coupled with near-record low mortgage rates will undoubtedly make prospective home buyers feel richer, lofty asking prices may have the complete opposite effect. Regardless of what happens to the economy this year, chances are that those who are planning to buy a home will, assuming they can find one [&hellip

The post 12 Home Selling Tips for 2021 first appeared on The Truth About Mortgage.

Donât Let Your Current Lender Talk You Out of a Mortgage Refinance

February 4, 2021

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| Mortgage, Mortgage Tips, Personal Finance, Refinance

What Iâve seen and heard through the years is certain lenders not being so forthcoming with existing customers wanting to refinance their mortgage. For example, when a homeowner goes to inquire about the âawesome low rates,â their first instinct may be to pick up the phone and call the lender who gave them their current [&hellip

The post Donât Let Your Current Lender Talk You Out of a Mortgage Refinance first appeared on The Truth About Mortgage.

When Are Mortgage Rates Lowest?

February 4, 2021

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| Money Tips, Mortgage, Mortgage Rates, Mortgage Tips

We’re all looking for an angle, especially if itâll save us some money. Whether itâs a stock market trend, a home price trend, or a mortgage rate trend, someone always claims to have unlocked the code. Unfortunately, itâs usually all nonsense, or predicated on the belief that what happened in the past will occur again [&hellip

The post When Are Mortgage Rates Lowest? first appeared on The Truth About Mortgage.

The Top 15 Refinance Questions Answered

February 4, 2021

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| Money Tips, Mortgage, Mortgage Tips, Refinance

With mortgage rates at or near all-time record lows, youâve likely pondered a refinance if youâre an existing homeowner. But you probably have a lot of questions too, especially if itâs your first time refinancing a home loan. Letâs clear up some of the confusion by tackling some of the most common refinance questions out [&hellip

The post The Top 15 Refinance Questions Answered first appeared on The Truth About Mortgage.