Credit Riot
If you qualify for a VA Mortgage as a military member, you can take advantage of its unique benefits—such as zero down payment—and use your savings strategically to save years on your mortgage. Here’s how to do it. Step-by-Step VA Mortgage Strategy Example Scenario Loan Comparison Example Benefits of This VA Loan Strategy Important Notes […]
Are you considering buying a new home but unsure whether a townhouse or a condo is right for you? Both offer unique benefits and considerations. To make an informed decision, let’s explore the differences between a townhouse and condo. What Is a Condo? A condo, short for condominium, is similar to apartment-style living. When you […]
It’s no surprise that banks like to make money, especially on mortgages. But, how much is your mortgage actually costing you? Did you know that in the first year of a $300,000 mortgage, you are paying the bank $20,903.45 in interest, while only paying $3,047.42 in principal? And that by the end of your second […]
We don’t often think about property taxes when looking for a new home, but property tax can be a huge additional expense on top of your mortgage. And it’s cost varies greatly depending on what state you live. Here, we’ll take a look at the highest property tax states, the lowest property tax states, and […]
Are you paying the minimum on your mortgage? Did you know that by paying just $20 a month more, you could potentially save yourself tens of thousands of dollars over the life of your mortgage? Here’s some examples of how that works and how much you can save. We’ll also show you how much you […]
You know the price of the home you want, but what’s the cost of a mortgage? You might be surprised just how much that mortgage is going to cost you. I’m going to give you several examples of various home prices and show you just how much money you’re actually paying the bank over the […]
Managing a home mortgage is a huge responsibility. Yet, the prospect of reducing your mortgage interest rate might seem intimidating. Fear not, for there are actionable strategies available to help you achieve the goal of getting a lower mortgage rate, potentially leading to a substantial savings over the course of your loan. These 7 Strategies […]