Mighty Mortgages

Circumstances happen. Sometimes they are caused by things beyond your control and sometimes they are a result of bad decisions you have learned from, and no longer repeat. Regardless of how you found yourself to have a bad credit history you can still get a mortgage and own your own home. Your options are not the same as those who are fortunate enough to have a clean credit report, but it is important to remember that you still have options! (more…)

Are you feeling weighed down by monthly credit card and/or loan payments? Do you wish you could put away a little money for yourself instead of paying it all out to creditors each month? Are there home renovations you want to complete or a trip you have been putting off taking? These are all reasons why home owners will get a mortgage refinance. A mortgage refinance allows you to withdraw the difference between what your home is worth and what you owe against it (also called equity). Borrowing against the equity in your home, allows you to save money by consolidating bills or starting a savings program. It permits you to accomplish anything else that is important to you, but you have not been able to get done because of a lack of cash flow. (more…)

A key part of saving money with your mortgage is to get the lowest mortgage rate possible. The mortgage rate determines how much interest you will have to pay to the bank for the privilege of borrowing their money to buy your home. What many people don’t understand is that this is a controllable expense.

A mortgage loan is a product plain and simple. It is no different than your car, washing machine, or sofa. You would not consider making a large retail purchase such as these without carefully researching the different models available, shopping around and then finally dickering with the sales person to negotiate a lower price. A mortgage loan is no different. Mortgages are offered by banks, credit unions, finance companies and through mortgage brokers. The competition for your business is fierce. Each of these lenders will fight to win you over and if they have to cut (or discount) the rate to do so, they will. (more…)