First Time Home Buyers

First Time Home Buyers - Choose the right broker

By Jason Wall - Skhomes4sale.com and Athomecanada.com

If you are a first time home buyer it is CRITICAL that you get hooked up with a qualified mortgage consultant. Buying your home is a huge purchase so please don't take it lightly. Advice you get from a mortgage consultant can have a huge financial impact over the long term.

Here are some questions you should ask:

How much will I need for a downpayment?
What should I get - a fixed or variable rate?
How much will my monthly payments be?
How quickly will I be able to pay off my mortgage?

If you are a first time home buyer, have our mortgage consultant from Mortgage Intelligence give you a call, or apply online.

Apply on-line

Have Us give you a call


About the Author: Jason Wall is the owner of SKHomes4sale.com and ATHomecanada.com. His company provides an advertising avenue for home owners selling their home privately in Canadian Real Estate and thus providing buyers a great way of searching and viewing private homes for sale in Saskatchewan, Alberta, British Columbia and Manitoba. There are hundreds and hundreds of homes on the site for people who are buying their home privately.

Source: www.skhomes4sale.com
Source: www.athomecanada.com
Source: www.freethingscanada.com

Welcome to our new Mortgage Blog

By Jason Wall - Skhomes4sale.com and Athomecanada.com

On behalf of SKhomes4sale.com and Athomecanada.com, welcome to our new Mortgage blog.

I created this blog because we receive so many questions about all the different types of mortgages that are out there when buying an home.

We will try to provide all of our home selling and buying customers with as much information about mortgages and keep things as simple as possible. We will be posting approximately 2 to 3 posts per week.

If you have any questions at all, please respond to the blog entries.

Please enjoy!!!!

About the Author: Jason Wall is the owner of SKHomes4sale.com and ATHomecanada.com. His company provides an advertising avenue for home owners selling their home privately in Canadian Real Estate and thus providing buyers a great way of searching and viewing private homes for sale in Saskatchewan, Alberta, British Columbia and Manitoba. There are hundreds and hundreds of homes on the site for people who are buying their home privately.

Source: www.skhomes4sale.com
Source: www.athomecanada.com
Source: www.freethingscanada.com

Mortgage Refinancing For People With Bad Credit

Mortgage Refinancing For People With Bad Credit - Ways To Reduce Refinancing Costs

By Carrie Reeder

Because of declining home mortgage rates, many people are eager to refinance their existing home loan and take advantage of a lower payment or a fixed rate. In fact, homeowners with bad credit may also benefit and obtain comparable low rates. Although refinancing is very common, homeowners must be prepared to pay closing costs and other fees. Fortunately, there are ways the financially strapped can save money on a refinancing.

Understanding Refinancing Costs and Fees

Applying for a refinancing is similar to obtaining your initial mortgage. A refinancing creates a new mortgage. Thus, homebuyers are obligated to pay certain costs and fees at closing. Typical fees include broker fees, appraisal, title search, inspections, etc.

For the most part, these fees are paid at closing. If purchasing a new home, the buyer may negotiate and have the seller pay the closing fees. However, if you are the original owner, you may have to employ effective techniques to reduce your closing costs.

Tips to Reduce Refinancing Closing Cost

When refinancing your home, it may be wise to apply for a new home loan with your existing lender. In some instances, the lender may be willing to waive some fees. If a good credit history has been established, the lender will want to keep you as a customer. Hence, you have negotiation power.

Because of low mortgage rates, homeowners may also take advantage of “no or low closing cost” refinancing. With this option, the lender agrees to waive the application fee. Moreover, these lenders will pay the appraisal and title fee for the homeowner.

The downside is that these loans entail a slightly higher interest rate. Nonetheless, “no or low closing cost” loans are beneficial. Because these loans consist of a higher interest rate, this option is more practical for homeowners who plan on moving within three years.

Another common approach for homeowners refinancing involves including all closing fees into the home loan. This will increase the final loan amount. While this approach will not necessarily reduce closing costs, homeowners are not obligated to pay for their closing fees out-of-pocket. This method is perfect for homeowners with little available cash.

About the Author: Visit www.abcloanguide.com to find a list of reputable online lenders for a bad credit mortgage refinance loan. Also, view all of our recommended lenders for property finance.

Source: www.isnare.com

Permanent Link: http://www.isnare.com/?aid=36835&ca=Finances