Choosing a mortgage is a significant step in life as it decides what you will pay for the next decade or so, depending on your finances. One of the factors to consider when selecting the right fit of mortgage are the closing costs. Which is the best mortgage for closing costs? Better.com is the best…
Is A Mortgage Worth It?
When deciding whether or not to get a mortgage, there are many factors that should be taken into consideration. There is no one-size-fits all answer to this question because every individual has different needs and goals in life. But is a mortgage worth it? A mortgage is definitely worth it. The benefits of a mortgage…
Is A Mortgage An Encumbrance?
In the real estate world, there is a specific lingo consisting of a variety of words and one you might have heard tossed around is an encumbrance. So,is a mortgage an encumbrance? A mortgage is an encumbrance. An encumbrance is any legal restriction on the usage and or transfer of property. A mortgage is an…
How to Discharge a Mortgage?
Completing the last payment of your mortgage is always a cause to celebrate. It officially declares that property yours after years of hard work and keeping up with payments. So how to discharge a mortgage? Here are steps on how to Discharge Your Mortgage: Contact and tell your lender you wish to discharge your mortgage. …
How Do I Know If My Mortgage Is Federally Backed?
Mortgages are the most common way to purchase a house nowadays. However, most people do not know whether their mortgage might be federally backed. How do you know if your mortgage is federally backed? The best way of finding out whether your mortgage is federally backed is by asking the company you took it from. You…
Is A Mortgage a Fixed Expense?
There are different types of expenses that we incur in our daily lives and sometimes taking a moment to analyze them can help manage them better. A mortgage is one of the main expenses many individuals have to deal with monthly and it can be a fixed expense or a variable expense. Is a Mortgage a fixed expense?…
Can I Mortgage A Foreclosure?
There are different ways to acquire a home and sometimes an opportunity might present itself in the form of a foreclosure. So, can you mortgage a foreclosure? You can mortgage a foreclosure. Buyers may finance foreclosed properties with the same type of financing as a typical purchase. As long as you have good credit, you…
Can Closing Costs Be Included In Mortgage?
Closing costs are a significant part of buying a house and they should be anticipated by the buyer. The challenge is that a lot of people don’t have the funds to pay the closing costs upfront. So, that begs the question, can closing costs be included in mortgage? Closing costs can sometimes be included in the mortgage.…
Are Mortgages Federal Loans?
Mortgaging is one the most common way people get their future homes, specially if you don’t have the money to find the purchase up front. There are different types of mortgages out there some of which have federal backing. Are mortgages federal loans? Most mortgages are federal loans, even when they are serviced by private…
Is Better Mortgage Legit?
Better Mortgage is a loan service provider that helps people get mortgages and refinancing. They offer various types of loans, including fixed rate, adjustable rate, construction financing, and more. But is Better Mortgage legit? Better Mortgage is legit. Better Mortgage is a licensed lender that has been in business since 2004. They have an A+…
How To Pay Off Your Mortgage In 5 Years
Paying off your home loan can be a daunting task. Especially if you’re just starting and you imagine making all those monthly payments for the 30 or so years. But did you know you can back your mortgage in a short period? To be precise 5 years! So how can you pay off your mortgage…
Can I Mortgage My Car?
If you’re in need of a little extra cash, but don’t want to take out a loan or sell your car outright, there is another option. You can borrow money against the equity in your vehicle and use it for whatever you need! So, can you mortgage your car? You can mortgage your car using…