Home Mortgage Tips Archives - Page 2 of 9 - J.P. Cook

With the fluctuations in real estate and the increasing cost of home ownership, many people are entering the market with more trepidation these days. Fortunately, there are a number of myths associated with buying a home that may not adversely affect potential home buyers. If you’re interested in purchasing a home but are unsure about

3 Common Mistakes That First-time Mortgage Borrowers Make and How to Easily Avoid Them

November 7, 2016

Home Mortgage Tips

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Deciding to purchase a home will be one of the biggest investment decisions you’ll make in your life, but it can be confusing for the first-time home buyer to know all the ins and outs of buying a home. If you’re wondering what things first-time buyers often forget about before purchasing a home, here are

The Major Keys to Understanding When It’s Time to Refinance Your Mortgage

November 3, 2016

Home Mortgage Tips

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As a homeowner, you may have heard the term re-financing without being aware of exactly what it means, but there are a lot of pros and cons associated with what it can do for your financial situation. While getting a different new loan for your mortgage can be a good financial decision in certain situations,

Forget Mortgage Apps: 5 Reasons Why You’ll Want to Use a Human Mortgage Broker

October 25, 2016

Home Mortgage Tips

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A mortgage broker can be a helpful tool in finding the right opportunity for you, but it can be tempting to deal with mortgage apps that may be able to consolidate all the information you need in one place. While many modern apps can be quite convenient, there are a few reasons you may want

Understanding Appraisals and What to Do If Your Home Doesn’t Appraise for Its Purchase Price

October 21, 2016

Home Mortgage Tips

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It can be a bit of a surprise if your home turns out to be valued at less than the purchase price offered, but this is the type of thing that can occur in an appraisal situation. While this can change everything from your contract to the amount of your down payment if your home

Buy Your Home Today: Understanding Why It’s a Bad Idea to Try and Time the Mortgage Market

October 19, 2016

Home Mortgage Tips

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It’s often the case that people will opt to postpone home ownership until the best rates are available or it’s a more stable investment, but in an ever-shifting market it may not be the best decision to put such a sizeable investment off. If you’re wondering whether or not you should put off investing in

Planning to Get a Mortgage in 2017? 4 Reasons Why It’s Time to Start Paying Down Other Debts Now

October 11, 2016

Home Mortgage Tips

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Buying a home is an ideal investment for many people because not only is it a place that belongs to them, it can also be very beneficial financially. While you may be strongly considering buying a home for these reasons, it’s also important to be in good financial health so that your ideal home purchase

S&P Case-Shiller: Home Price Growth Slows in July

October 7, 2016

Home Mortgage Tips

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Home prices dipped slightly in July according to the S&P Case-Shiller 20-City Home Price Index. Year-over-year, home price growth dipped to 5.00 percent from June’s reading of 5.10 percent. The Pacific Northwest led the nation in home price appreciation. Portland, Oregon had the highest year-over-year home price growth with a rate of 12.40 percent. Seattle,

The Pros and Cons of Mortgage Rate Locks

September 29, 2016

Home Mortgage Tips

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If you’re just jumping into the game of home purchasing, you are likely considering all of your loan options and may even have heard the term mortgage rate lock. For those who don’t like to gamble, a mortgage rate lock can offer a bit of reassurance, but there are also some downsides to this type

Understanding ‘Disposable Income’ and How This Will Impact Your Mortgage Approval

September 28, 2016

Home Mortgage Tips

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There are few things more exciting than finding your ideal home, but with the rising cost of housing, a person’s dream home can often come with a very high purchase price. If you’re wondering how much home you can truly afford and how your cost of living will fare for your mortgage approval, here are