By: The Home Loan ArrangerDo you have equity in your home? Having equity means that your home is worth more than the dollar amount of your mortgage and any other liens that may exist on the property.
By: The Home Loan ArrangerFirst, a home is an expensive purchase – and being approved for a mortgage is much more complex than being approved for a credit card with a credit limit of a few thousand dollars.
By: The Home Loan ArrangerDon’t buy just anything you can get your hands on. Think of it this way… When you’re playing Monopoly, there are a few properties that are incredibly inexpensive to purchase, and there are others that are outrageously priced.
By: The Home Loan ArrangerDoes the thought of making mortgage payments for 30 years sound discouraging to you? Thirty years is a long time. Thirty years represents 360 monthly mortgage payments.
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