Having an emergency fund is one way to help yourself feel and be more financially secure, especially if you’re a homeowner. So how big should that emergency fund be?
Tag Archives | Mortgage Payments
Very, very interesting article from Reuters about a unique way to pay your mortgage. Turn your house into a gian advertisement. Seems crazy? I don’t know. Seems pretty cool to me, actually.
Today, we discuss 15-year mortgages vs. 30-year mortgages, what to do if you miss a payment and how much income you should put aside for mortgage payments. Check it out!
Transferring your mortgage to another lender is common within the industry. At Quicken Loans, we’ll inform you who your new servicer is, where it’s located, and where your payments should be made.
A recent study shows that 53% of Americans have concerns about their mortgage payment. We provide some quick tips on how to manage and save money on your monthly mortgage payment.
If you have extra money, do you typically put that towards an extra mortgage payment that month? Or do you invest it? Which option will save you more money in the end?
For many homeowners, foreclosure is viewed as a way out from their mortgage payment. With unemployment at an all time high, and many property values still down, making payments on a loan can be difficult for many people. However, contrary to a popular belief that a foreclosure can be a fresh start – foreclosures actually affect credit scores negatively, and cause higher interest rates for future loans.
Theoretically speaking, rent is usually the cheaper option. Home mortgages are thought of as investments whereas renting an apartment is generally a temporary choice. However [...]
Congress and the President are very close to agreeing on and passing the Housing and Economic Recovery Act of 2008. This is likely good news for the real estate and mortgage markets across the country. However, down payment assistance programs are under consideration for being discontinued. This is bad news and something that will likely hurt consumers looking to buy homes and invest in communities.