28 Sep 2022
By 24hr Mortgage

Speed up Your Mortgage Closing Process With This Handy Four-step Guide

Home Mortgage Tips, ,
Are you in the market for a new house or apartment? If you are financing the purchase by taking out a mortgage, you'll want to know how to make this transaction run as smooth as possible. In today's article, we'll share a quick four-step guide to speeding up the mortgage closing process. Step #1: Check In On Your Credit Score The first step before applying for your mortgage is to check in on your credit. Request a copy of your credit score and history from one of the major reporting firms. Go over this report, paying close attention to any…
Read More
23 Sep 2022
By 24hr Mortgage

What is a Reverse Mortgage and How Does It Work?

Home Mortgage Tips, ,
If you've recently considered your options for taking some of the equity out of your home you may have heard about reverse mortgage loans. If you meet the requirements for a reverse mortgage it can be an excellent way to tap into the value of your home, freeing up that cash to be reinvested or used for other purposes. In today's blog post we'll explore reverse mortgage loans, explaining how they work and whether or not you're qualified to receive one. How Does a Reverse Mortgage Work? As the name implies, a reverse mortgage is the opposite of a traditional…
Read More
22 Sep 2022
By 24hr Mortgage

Saving for a Mortgage Down Payment? 4 Tips That Will Help You Get There Faster

Home Mortgage Tips, ,
For most people, the idea of saving more money each month is enough of a burden without having to think about investing in a home. A down payment, however, will require a lot more saving know-how and a lot more in liquid assets in order to be able to buy. If you're trying to find ways to save a bit more each month, here are some sure-fire tips for raising the extra funds. Re-consider Your Commute Outside of rent, there are few things that will cost as much money as owning your own vehicle, so instead of holding on to…
Read More
14 Sep 2022
By 24hr Mortgage

The Quick and Easy Guide to Determining How Big of a Mortgage Your Family Can Afford

Home Mortgage Tips, ,
Are you shopping around for a new house or apartment? One of the key considerations you will need to make is figuring out how much you want to invest in your new home. Below you'll find our quick and easy guide to determining just how much "house" you can afford. Let's get started! Start By Making A Proper Budget The first thing you'll want to do is sit down and get a full budget put together. The easiest way to get the process started is to begin with two lists: income and expenses. For the income list, write down the…
Read More
02 Sep 2022
By 24hr Mortgage

Understanding Your FICO Score and Why Small Credit Mistakes Can Cause Huge Headaches

Home Mortgage Tips, ,
Many people all over the world are dealing with issues involving debt or poor credit history, but most aren't necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it's the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you're looking to improve your understanding and your finances, here's what you need to know about small mistakes and your FICO score. Making Late Payments The due date on your bills might seem like an advisory, but whether we're talking about a…
Read More
18 Aug 2022
By 24hr Mortgage

Understanding the Principal Limit on a Reverse Mortgage and What Happens if You Reach It

Home Mortgage Tips, ,
If you're considering applying for a reverse mortgage, you'll want to ensure you understand certain critical factors. One such factor is the principal limit. The principal limit will have a strong influence on your finances, which is why you'll need to ensure you know – before applying for your reverse mortgage – what your principal limit is. So how does a principal limit work, and how can you find out what yours is? Here's what you need to know. Principal Limit: The Maximum Amount You Can Borrow Simply put, the principal limit is the maximum amount of money that you…
Read More