Should you Pay your Mortgage Off Early?
If you have extra cash or have room in your budget to pay extra toward your mortgage, you might wonder if you should pay your mortgage off early. There are many instances when you can and should pay it early…
If you have extra cash or have room in your budget to pay extra toward your mortgage, you might wonder if you should pay your mortgage off early. There are many instances when you can and should pay it early…
PITI makes up your mortgage payment and affects how much you can afford. Lenders use it when calculating your debt-to-income ratio to determine if you qualify. The more money you invest in a home, the lower your PITI, but you…
As a mortgage broker, we’ve seen firsthand how the right lender can make a world of difference when it comes to securing a mortgage. A recent study by the Consumer Financial Protection Bureau (CFPB) highlights this point, revealing that borrowers…
Navigating the mortgage maze can be a confusing and daunting task, especially for first-time homebuyers. However, with some guidance and research, you can successfully find your way through it. Here are some steps to help you navigate this complex process…
If you're considering buying a house but cringe at the thought of making the down payment, you aren't alone. Younger buyers, especially millennials, have difficulty making a down payment due to a lack of savings. In fact, 28% of younger…
Student loans are the most common way to pay for college today, but when you graduate and are ready to buy a house, they can become a problem. If you have a lot of student loan debt, will you qualify…
If your mind is set on a specific interest rate, but the market isn’t cooperating, you might consider paying mortgage discount points. At the right time, discount points can help you reduce your interest rate, but they cost money upfront…
Buying a home for the first time can be a thrilling experience, but it can also be stressful and confusing. As a first-time homebuyer, it's important to avoid common mistakes that can lead to financial setbacks or other issues. In…
Getting approved for a mortgage may feel overwhelming initially, especially since the requirements seem so strict, but it’s not as complicated as you think. The key is to be an informed borrower and know what lenders need to approve you…
Are you feeling overwhelmed by high-interest credit card payments, student loans, or other outstanding debts? Refinancing your property might be the solution you need to consolidate your debt and achieve financial freedom. Our team at Innovative Mortgage Brokers can walk…