Is a bank or mortgage broker better? Either way, you'll typically use a mortgage broker, as banks employ mortgage brokers directly. So the real question is, should I use a bank or building society tied mortgage broker or an independent mortgage broker? Whether you'd be more comfortable usin...
mortgagesanddiscount mortgages, you'll usually be charged ERCs if you want to repay more than a certain amount (usually 10% per year) early. ERCs vary in cost from lender to lender and depending on how far through the deal you are, but amortgage brokershould be able to help you ...
Mortgage prequalification vs. preapproval How much house can I afford? Tips for qualifying for a mortgage The bottom line References Read More mortgage Could biweekly mortgage payments save you money? Mortgage refinancing: Lower payments, shorter terms, or “cash-out” refi? Household FinanceMortgag...
Here are some insights to help you sort through the question. Should I sell my house now? If popular opinion is any guide, now may still be a good time to sell despite the evolving market. According to Fannie Mae’s March 2025Home Purchase Sentiment Index, almost two-thirds of respondents...
If the deal falls through due to a seller termination or an issue addressed in a contingency, the money will be refunded to the buyer. Otherwise, the seller will keep the good faith deposit. 2. What if I don’t have earnest money?
Should I buy a house now or wait?Ultimately, the decision of when to buy a home is up to you. Life goes on, whether the timing is perfect or not. If you’re anxious to become a homeowner, you’ve met the criteria above and you’re financially stable, go ahead and start house-...
“Renting is excellent if you are going through a transition for a short period of time, if you cannot figure out your life, or if you just went through a huge life obstacle and need a little time to settle in before purchasing,” says Jay Sharifi, founder of Legacy Wealth Management....
Should I Pay Off My Car Before Buying a House? Your debt-to-income ratio, or DTI for short, is a crucial factor in determining your eligibility for a mortgage, as well as how much you can borrow. This ratio measures how much of your gross monthly income goes toward debt obligations...
As the Federal Trade Commission notes, “These operations often charge cash-strapped consumers a large up-front fee, but then fail to help them settle or lower their debts—if they provide any service at all.”4 How Can I Pay Down Debt?
What Should I Do With My Money Podcast Budgeting for a Baby and a Mortgage Mar 1, 2023 A baby is on the way but our episode guests, Amanda and Gavin, don’t know how to plan for all the unknown costs – big and small. Plus, their apartment won’t be big enough for the baby an...