23 Nov 2021
By 24hr Mortgage

What Are the Advantages to Paying off Your Mortgage Early? Here Are a Few That Might Entice You

Home Mortgage Tips, ,
If you're looking into fixed term mortgages, you might be wondering whether there's any reason why you should take the full term to pay off the loan. In a lot of cases, paying off a mortgage before it comes due is a great decision. If you're considering paying off your mortgage early, you'll experience a variety of benefits – here are just a few of them. You'll Save Thousands In Interest Payments By and large, the single biggest advantage of paying off a mortgage early is the money you'll save in interest. The longer you take to pay off your…
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19 Nov 2021
By 24hr Mortgage

How to Use a Mortgage Calculator to Determine Your Monthly Payments, Interest and More

Home Mortgage Tips, ,
Are you thinking about using a mortgage to buy a new home? Buying your own piece of local real estate is a major financial investment and one that can require some pretty complex math to fully understand. In this blog post we'll discuss mortgage calculators and how to use one of these tools to determine your monthly mortgage payments, interest charges, amortization periods and more. Determining Your Principal and Down Payment Amounts To get started with a mortgage calculator you'll need to know how the price of the home and how much you intend to contribute as a down payment.…
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17 Nov 2021
By 24hr Mortgage

Trying to Save on Your Closing Costs? Here Are Three Tips That Can Help Lower Them

Home Mortgage Tips, ,
Whether you're about to close on a lovely new house for your growing family or a stylish beachfront condo so you can retire close to the ocean, one thing is certain: you're going to face a variety of closing costs. Insurance, taxes, financing fees, title fees, attorney fees and other costs will need to be paid, and if you're a savvy buyer you'll do everything you can to save on them. In today's post we'll share three quick tips that can help you reduce your closing costs when you buy your next home. Tip #1: Include Closing Costs in Your…
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10 Nov 2021
By 24hr Mortgage

Recent College Grad? Learn How to Successfully Juggle Student Loans and a New Mortgage

Home Mortgage Tips, ,
If you recently graduated from college and are about to become a homeowner, you're in a somewhat unique position. You're about to embark on a great journey, but at the same time, you're also taking on an awful lot of debt. That said, it is possible to successfully manage a high debt load if you're careful. So how can you make sure you can pay your mortgage, your student loans, and your mortgage expenses – all without losing your mind? Here's what you need to know. Make Sure You Have An Emergency Fund Managing a high debt load isn't necessarily…
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03 Nov 2021
By 24hr Mortgage

Reverse Mortgages 101: How This Unique Financial Product Can Make Your Life Easier

Home Mortgage Tips, ,
If you've been in your home for a while and have considered other loan options, you may have heard the term reverse mortgage without being aware of how this product can benefit you. While this type of mortgage works for those who have a high amount of equity in their home, here are the details on reverse mortgages and how this product may work for you. What's A Reverse Mortgage? The reverse mortgage was created in 2009 as the Home Equity Conversion Mortgage for Purchase (HECM) and is something that can be used by those who are older than 62.…
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27 Oct 2021
By 24hr Mortgage

Refinancing Your Mortgage? Know These Key Terms Before You Sign Your Paperwork

Home Mortgage Tips, ,
When it comes to your mortgage, there are a lot of key terms that are important for every homebuyer to know, and this is no less true than when it comes to refinancing your most important investment. Instead of leaving what's unknown up to chance, it's important to be aware of exactly what you're looking at so you can get the best mortgage product available. If you're currently considering refinancing and don't want to get snared by unknown terminology, here are some terms you'll need to watch out for. Cash-Out Refinance This type of refinance is a transaction where the…
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