The article below was composed by a guest contributor. If you are interested in writing for My Money Design, please feel free to contact me.
It doesn’t matter who you are: When you finally get ready to make that big leap to owning your first home, the sentiment can be invigorating! Your home is your castle, and there is nothing like coming home from work to a piece of land that you own. But within all that excitement the process of how to apply for a home loan can also have its own set of challenges. There are lots of rules to getting a mortgage and at many times it may feel confusing or frustrating.
Fortunately if you are prepared ahead of time before you apply for a mortgage, much of this burden can be mitigated and the application process can go a lot more smoothly. Here is how to prepare for a home loan in a few simple steps:
The below article was composed by contributor Elaine McPartland. If you are interested in writing for My Money Design, please feel free to contact me.
Debt, in general, can be extremely difficult to get a handle on. Between the misleading terms and harassing creditors, you may feel lost in a sea of uncertainty. Fortunately, there are ten easy ways for how to pay off debt fast that you can tackle and attain financial liberation once and for all.
Are you looking to buy a house? The purchase of your home may be the largest expenditure you will have in your life. Therefore, applying for a home loan is a process that you should not take lightly. The cost of a house is just your beginning expense. Points and the interest you must pay for a mortgage during the term of your loan will be much more than the price of the house. That’s why paying attention to the details of your home loan may turn out to be more important than the sale price of the home.
To get the most out of your mortgage, consider the following:
Does anyone know ANYONE with a perfect credit score? Is that even possible? Well of course it is, but what are the right moves you have to make to get there?
Recently during our refinance, I got to find out the credit score for my wife and I. But that wasn’t all. In addition, I was also given a full report that includes a breakdown of every reason why I lost points.
I decided it would be worthwhile to examine these reasons and see where I blew it. So for your amusement, I have posted the exerts below and we’ll review each of the reasons they listed.