21 May 2020
By 24hr Mortgage

Loan Programs For Lower Income Buyers

Mortgage, ,
Owning a home may be the American dream, but for many who are in a lower income bracket, finding a loan can become challenging. Thankfully, there are several loan programs that can work well for lower income people considering homeownership. Here's a closer look at some of these home loans designed to help people who have a low-to-moderate income find a way to buy a home. FHA Home Loans FHA home loans are loans backed by the Federal Housing Administration. Lenders are more likely to lend to "higher risk" borrowers through the FHA loan program because the loans have the…
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15 May 2020
By 24hr Mortgage

Qualify For A Larger Mortgage With A Co-Signer

Mortgage, ,
There are numerous steps involved in the process of buying a new home. It is important to go through the mortgage qualifying process before looking at dream houses. This gives people an idea of how big a house they can afford. Sometimes, individuals looking for a house might not get a loan that is big enough to cover their dream house. There are ways to qualify for a larger loan; however, one of the fastest methods is to use a co-signer. What Is A Co-Signer? A co-signer is someone who signs onto a potential home loan with the homebuyer. Essentially,…
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14 May 2020
By 24hr Mortgage

3 Signs It Is Time For You To Refinance Your Mortgage

Mortgage, ,
If you are looking for ways to save money on your mortgage, refinancing might be a good option. For those who might not know, refinancing can help a homeowner reduce monthly mortgage payments by switching to a lower interest rate.  Basically, the homeowner takes out one loan at a lower interest rate to pay off the old loan, which is at a higher interest rate. While the homeowner may have to pay closing costs a second time, this could save someone hundreds of thousands of dollars over the life of the loan. Furthermore, those who want to pay off their…
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13 May 2020
By 24hr Mortgage

How To Pay Off Your Mortgage Early: 4 Methods That Work

Mortgage, ,
While a mortgage is a necessity for many people who have the dream of owning a home, it is also a form of debt. Most people do not like owing money to someone else. Therefore, homeowners might be looking for ways to pay off their mortgage early. The reality is that people are charged interest for having a mortgage. If a mortgage is paid off early, this is less money than the bank will take and more money in the pockets of homeowners. There are a few methods people can use to pay off their mortgage early. Make Extra Payments…
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06 May 2020
By 24hr Mortgage

4 Things Not To Do When Buying A Home

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There is a long list of things that people need to do when they are looking to buy a home; however, it is also important for people to know what to avoid as this process unfolds. There is a lot for people to remember and it is easy for people to get carried away when they start looking at their dream homes. Even though it is great to look at a bunch of houses and imagine living there, it is critical for people to stay grounded and know what to avoid. Do Not Make Any Large Purchases During The Home…
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05 May 2020
By 24hr Mortgage

How To Save Big Money On Your Next Home Renovation Project

Mortgage, ,
Every year, homeowners spend billions of dollars renovating their homes. It almost seems expected that homeowners are going to end up going over budget on any project. On the other hand, this doesn't have to be the case. In reality, there are a few tips and tricks that homeowners can follow to help them save big money on that next home renovation project. Serve As The General Contractor Many homeowners hire a general contractor to control the staffing of each individual project. While this might reduce stress levels, it also costs more money. Hiring a general contractor adds an additional…
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