The best time of the year to apply for a mortgage is when you have found the house you have always dreamed of and are ready to turn it into a home. When you have a great property piece in your hand, you should do all you can to achieve it.

However there are a few points to consider in order to protect yourself and your investment. When

Is it possible to be approved for a second mortgage on your home after a home equity loan has already been taken out on the same home?

Well, this is a slightly tricky question as the operative word in the sentence is “possible.” Considering that there is no federal law prohibiting the issuing of a mortgage loan after a home equity

Buying a new home - borrow or pay in full?

If you're lucky enough to have money in the bank that will cover the cost of a new home, you're probably wondering if it's smarter to get a mortgage or simply pay with cash. There are pros and cons to both sides of the argument, but actually, the answer to that question depends on the type of person

A mortgage is a monthly payment to a bank or lending institution usually used to pay for a house. There are many different types of mortgages. The most common types are: Repayment mortgage and Interest Only mortgage. A repayment mortgage combines both the principal and the interest into one bill that is paid each month. Receiving monthly

What you need to know about Loan Documentation

There are 3 basic types of loan documentation. Below is a list and a brief description of why borrowers use them

• Full Documentation - In this case you supply a current pay-stub and past 2 years W-2s. The lender will call to verify your employment for the past 2 years at a minimum. This is the

Important home purchase related terms

• Pre-qualified - this is when a mortgage consultant reviews your credit, income and assets to determine what mortgage amount you can afford. This is the first step in the home buying process, most realtors will request a pre-qualification letter prior to showing you properties.
• 100% Financing - financing

Buying a house: what to consider?

When making the decision to buy a home, there are many things to consider. Before you even start to look for that dream house, you need to think about how much house you can afford. If you are renting, you already have an idea of how to budget and manage your monthly expenses every month. Things will be quite