Blog – Page 382 of 643

26 Mar 2021

An Overview of Amortization: It Plays A Role In Monthly Mortgage Payments

Real EstateAmortization, House Payment, Mortgage Payment

Even though this may sound like a fancy word, amortization is simply a long word for a straightforward topic. Furthermore, it plays a significant role in the determination of monthly mortgage payments. Before taking out a home loan, homeowners need to understand how their payment schedule works and what this means for the future of the home loan. Amortization refers to the way monthly payments are calculated to make sure that homeowners pay the same amount every month throughout the life of the loan. Even if homeowners do not stay in the house for the life of the loan, amortization…

Ready to Relocate? 3 Tips on How to Set a Moving Budget That Won’t Break the Bank

Real Estate TipsBuying a Home, Home Buyer Tips, Moving Tips

Relocating to a new area can be exciting, but it can also be expensive. There are many resources to help, but most cost money. However, if you take your time and plan carefully, you can reduce the expense so you don’t start your new life with new debt. Here are three tips to controlling your moving budget. 1. Find Out What’s Free Nothing is better than paying nothing, right? Don’t assume you have to fork out money for everything you need to move. If you have accepted a new job, ask your new employer whether the company can cover any…

Understanding The Difference Between A Co-Borrower And A Co-Signer: What Do They Mean?

Home Mortgage TipsCo-Borrower, Co-Signer, Mortgage Explained

There is a lot of jargon that comes with purchasing a home. Even though this could be confusing, purchasing a home is also a significant decision. Therefore, it is critical for everyone to understand exactly what they are signing before they scribble their name on the dotted line. In some cases, a co-borrower or a co-signer (also called a non-occupying co-borrower) could be needed to strengthen the application. What is the difference between these two terms? What Is A Co-Borrower? First, a co-borrower is simply a co-owner. Both names are on the title of the home. The co-borrower also shares…