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.…
Read More
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…
Read More
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…
Read More
01 Oct 2021
By 24hr Mortgage

Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool

Home Mortgage Tips, ,
If you've studied the real estate market recently, you've probably heard about the reverse mortgage. This unique tool is a financial arrangement designed for senior citizens who have limited incomes and want to use the equity in their homes to meet their everyday expenses. And although it's becoming increasingly popular, few homeowners truly understand it. So how does a reverse mortgage work, and when is it appropriate for a homeowner to get one? Here's what you need to know. What is a Reverse Mortgage? A reverse mortgage is a loan that uses your home equity as collateral - essentially, you…
Read More
22 Sep 2021
By 24hr Mortgage

Worried About Mortgage Rates Going Up? 3 Steps to Prepare Yourself Financially

Home Mortgage Tips, ,
Mortgage rates have been at record lows for quite some time, making it easy for new homebuyers to finance their dream homes. But what comes down will eventually go back up, and with the world economy expected to rebound in 2016, we're about to start seeing more expensive mortgages. So what can you do to prepare yourself before mortgage rates start to rise? Here are three strategies that will keep you ahead of the game. Start Saving More Money Now If you have a variable rate mortgage, you've benefitted from great interest rates that this world won't see again for…
Read More
09 Sep 2021
By 24hr Mortgage

The Pros and Cons of Paying Your Mortgage off Biweekly Versus Monthly

Home Mortgage Tips, ,
If you have a mortgage, you're probably looking for the best option to pay it off. Monthly mortgage payments are an easy-to-manage way to pay for your house - in fact, they're the most common form of mortgage payment  but now, many homeowners are discovering that biweekly payments offer them better results. So is a biweekly payment the better option for you? Which payment strategy best fits your individual circumstances? Here's what you need to know. Biweekly Payments: Pay Off Your Mortgage Faster and Save on Interest Biweekly payments are becoming increasingly popular for a variety of reasons. With a…
Read More