03 Aug 2022
By 24hr Mortgage

Save Money On DIY Projects Around The House

Home Mortgage Tips, ,
It is not exactly a secret that inflation is a significant issue. With inflation continuing to increase the cost of living all over the world, there are many people who are looking for ways to save money. Home improvement and renovation projects have been popular during the past few years, but many homeowners are starting to put them on hold because of how expensive everything has gotten. What are some of the ways you can save money on your home repair and renovation costs? Know What You Can Do Yourself First, you need to think about home repairs that you…
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22 Jul 2022
By 24hr Mortgage

3 Tips for Planning Your Monthly Mortgage Payment

Home Mortgage Tips, ,
Once you've purchased a home and decided on a move in date, it may seem like a lot of the hard stuff is over, but you still have one of the most important things relating to such a large purchase to think about: the payments! If you're looking for a few tips on ways to approach your monthly payment, the following will steer you in the right direction so you can broach your mortgage schedule successfully. Set Up A Payment Schedule Many people have been in the situation of neglecting their phone or credit cards by forgetting about the payment…
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20 Jul 2022
By 24hr Mortgage

Understanding Automated Underwriting and How It Impacts the Mortgage Application Process

Home Mortgage Tips, ,
Whether you're embarking on the process of obtaining a mortgage for the first time or just preparing yourself for the advances in the industry, the implementation of automated underwriting in recent years has significantly changed the application process. From the time you'll have to wait to the documentation that is required, here are some of the details on what you can expect when dealing with an automated underwriter. Reduction In Document Requirements In the past, most homebuyers submitting mortgage application documents were required to go into their backlogs to provide the paystubs for the previous 2 months pay, as well…
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15 Jul 2022
By 24hr Mortgage

3 Different Types of Loan That Will Negatively Impact Your Ability to Get a Mortgage

Home Mortgage Tips, ,
A good credit rating is built on a number of financial factors including paying your bills on time and the length of your credit history, but loans can also be a source of bolstering your credit score in a positive way. While this means that loans can actually be a good thing, there are also the kinds of loans that can have a damaging impact on acquiring a mortgage. If you'll soon be pursuing your own home purchase, here are some loans that may have a negative impact. Borrowing For Education When you are young, student loans are an ideal…
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07 Jul 2022
By 24hr Mortgage

First Time Home-buyers: How to Properly Research Your Mortgage Options

Home Mortgage Tips, ,
For most consumers, buying a house is the largest purchase you'll make in your life. That's why it's important to ensure that you have the best mortgage terms available. With so much at stake, it's important to have full confidence in both your lender and your mortgage. So how can you ensure that the mortgage you choose is the right one for you? Here's how you can evaluate your mortgage options and find the best option for your individual circumstances. Make Sure You Actually Do Shop Around According to the Consumer Financial Protection Bureau, half of borrowers consider just one…
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30 Jun 2022
By 24hr Mortgage

The Quick and Easy Guide to Understanding the Math Behind Your Mortgage Closing Costs

Home Mortgage Tips, ,
It's amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer. Understanding Third-Party Closing Costs When closing on a mortgage the borrower will notice a long list of additional fees that they are expected to pay for. These can range from insignificant into the thousands of dollars depending on…
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