Posts Tagged ‘Mortgages’
Your mortgage is done … now what?
For most people purchasing a new home financing is often the most stressful part. What are some other things you need to worry about before moving into your new home? Moving expenses: Along with financing a new home, moving everything you own can be a very stressful process to go through. You can save yourself…Read More
What is Mortgage Servicing?
Have you ever wonder what happens after you take out a mortgage? For instance, who manages the loan? Either the mortgage lender will retain your loan servicing or a specialized mortgage servicer will. A sure-fire way to tell is by reviewing your loan statement or payment coupon book. As servicers, they are responsible for the…Read More
Understanding cash on hand
Recently, I was reading an article outlining the amount of cash needed to buy a house. To be honest, as a mortgage loan processor, the word “cash” makes me nervous! Using cash on hand for your down payment and closing costs, may cause a closing delay and/or additional documentation needed. That’s because for final loan…Read More
Are you ready to own a home?
Are you ready to buy a house? It’s a question nearly everyone encounters at some point in their life. Whether you’re purchasing a home for the first time or have owned one or many houses in the past, there is always one question that lingers: “am I ready to do this?” At SouthPoint Home Mortgage,…Read More
Rent vs. buying
Thinking about whether to buy or rent a house is a hard decision and not one that should be taken lightly. The best advice anyone could possibly give you is to remember to do what’s best for you and your family. Additionally, determine how much of a monthly payment you can afford and how much…Read More
Get Out of Your Rental
If you’ve been renting and waiting to buy your first home, now is a good time to make your move. A number of industry analysts predict that interest rates will rise slightly over the year, while continuing to stay very affordable. Home prices are also expected to rise, now that more buyers are again competing…Read More
Growing Your Greatest Asset
For most, buying a home is their greatest investment and best asset. They’ve worked hard to save the funds for a down payment, other loan costs and are now budgeting for a monthly payment. However, along with owning a home comes the responsibility to, at minimum, maintain its value. Owning a home can become one…Read More
Tips to Qualifying for a Home Loan
Oftentimes, the Average Joe doesn’t know much about obtaining a home loan. People hear reports of dropping interest rates and lower home prices and hastily decide to jump into home ownership. To their surprise, they discover that the process of getting a home loan differs from getting a car loan or renting an apartment. Applicants…Read More
Using your home to your advantage
With your home being a power asset, now may be the time to build on the strength of that asset. What is an asset? As your home ages, it can increase in value or appreciate. This is different than other assets like vehicles or campers, which tend to depreciate. One way to help increase your…Read More