Choosing
between renting & buying
Which
choice is best for you? There are many things to consider when buying
a home. Since it is likely that the purchase of a home will be the most
expensive purchase of your life, you will want to consider several things
before you start to look for a home.
Read more.
.Are
you financially prepared?
Before you jump headfirst into
home ownership take a look at your whole financial picture. No one can
do this but you. No one else will care how the purchase of a home will
affect your particular situation the same way you will.
Read
more.
.How
much can you afford?
Imagine
you have just completed a search that included hundreds of hours of looking
at the exteriors and interiors of houses. You have sized up siding, reviewed
roofing and perused the petunias. And finally, you have found the house
of your dreams. Now imagine that this house of your dreams costs much
more than you can afford.
Read more.
.Payment
calculator
This
worksheet has been created to help you calculate a monthly payment. Please
enter the loan amount, the payment term in years, and the interest rate.
Read more.
.Deducting
your mortgage interest
One
of the best justifications for owning a home, at least for financial reasons,
is the tax savings that result from deducting mortgage interest.
Read about this.
Determining
your property value
The
best way to determine property values is to monitor the sale of similar
properties in the same geographical area. This way you can track how much
a home is listing for, how quickly the home sells, and at what price.
Read
more.
.Guide
to refinancing
If
you are a homeowner who was lucky enough to buy when mortgage rates were
low, you may have no interest in refinancing your present loan. Perhaps
you bought your home when rates were higher. Or perhaps you have an adjustable
rate loan and would like to obtain different terms.
Read more.
.Mortgage
escrow accounts
Mortgage
escrow accounts have been in the news lately and seem to be greatly misunderstood
by many consumers. The original idea behind mortgage escrow accounts was
to protect the interests of homeowners and have been serving that purpose
for more than 50 years.
Read more.
.Primary
Mortgage Insurance's lowering your down payment
Mortgage
insurance (MI) allows you to choose from a wider price range of homes.
How? Lenders are generally willing to accept a lower down payment than
the standard 20% if the lender obtains mortgage insurance on your loan
through a mortgage insurance company.
Read
more.
..Professional
assistance
Having
the right professional people to assist you when you buy a home can be
crucial. It can save you money and headaches. If an error occurs, you
have every right to ask that it be set right.
Read more.
.Save
big with 15 year loans
Save
$100,000 on mortgage interest costs! Sound impossible? Not really. An
old-time mortgage that is once again proving popular allows home buyers
to do just that. It is the 15-year fixed-rate mortgage that lets home
buyers own their homes free and clear in 15 years.
Read more.
.VA
loans
Veterans
Administration Loan Program. A Quick Guide For Homebuyers & Real Estate
Professionals.
Read
more.
.The
mortgage loan process
Buying
a home may be the most exciting, confusing and stressful financial transaction
you ever undertake. If you understand the teps required to qualify for
a mortgage loan, .however,
much of the stress can be avoided. This explanation of the loan application
process is intended to help you through the complexities of obtaining
a mortgage loan.
Read more.
.What
happens after applying?
Much
of the home buyers' unease results from not knowing what is going on.
You know credit checks and verifications of employment are taking place,
but what makes the difference between getting or not getting that loan,
and how long does it take? This page can dispel at least some of the anxiety
by detailing steps the lender takes in making the loan decision, a process
called "underwriting."
Read more.
.What
to expect after your purchase
If
you properly calculated your finances before buying your new home, you
should be able to meet your monthly housing obligations. Most people will
have higher costs now than they did before, whether or not they rented
previously. There are several things you need to keep in mind after you
move into your dream home.
Read more.
.When
your loan is transferred
This
page answers the fallowing questions:
What does transfer
of servicing mean?
How does it affect your loan?
When will you be notified?
An important consumer safeguard
Where do you pay your next payment?
What happens to your escrow account?
What about insurance policies and taxes?
Who sends you your tax statement?
Do you have more questions?
Consumer checklist.
.The
loan closing
Once
your application has been approved and you've received either a commitment
letter or approval letter from the lender, the final step before you can
call the house your own is the closing, or settlement. Even though you
have a signed purchase agreement and your loan request has been approved,
you have no rights to the property, including access, until the legal
title to the property is transferred to you and the loan is closed. Read
more.
Questions/comments
email customer.service@surefastmortgage.com
or call 1-877-889-7300
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