Most closed mortgages charge a payout penalty if you break the term early. Lenders typically use the higher of: 1) Interest Rate Differential (IRD) - common on fixed rates What…
Here are practical ways first-time buyers can pull a down payment together. If any of these sound doable, I’ll map out next steps for you. 1) Family help (gift or…
Your renewal - Easiest way to get the best deal Your mortgage is coming up for renewal, so here’s the zero-hassle plan I recommend. It might sound counter-intuitive, but start…
Renewal / Switch vs. Refinance - What’s the Difference? Renewal (same lender) / Switch or Transfer (new lender) You’re not adding new money and not changing key terms (amount,…
What you’ll need to refinance your mortgage To qualify for a refinance, lenders look for three things: 1) Credit A stronger score helps you qualify with A-lenders and keeps rates/fees…
This post explores how refinancing can be a powerful financial tool when used strategically not just a way to lower interest rates. The message focuses on using home equity to…
To help your appraisal go as well as possible, here’s a simple checklist: Before the visit Tidy & stage: Clean, declutter, vacuum, dust—present it as you would for a…
Lenders check for obvious red flags (collections, late or written-off payments), and then they look for the “Three Twos.” 1) Two active trade lines Have at least two active accounts.…
When it comes to buying a new home, here is what you will need to qualify for a mortgage. You need three things: 1. Credit (if your credit score is…
As your renewal approaches, now is great time to start. We can lock a rate up to 120 days early, so you’re protected if rates rise, and if they fall,…