PITI: Principal, Interest, Taxes, and Insurance.
Sounding just like ‘pity,’ PITI stands for Principal, Interest, Taxes and Insurance. The term is used in relation to mortgage payments. It is the total monthly sum paid for a mortgage in the USA. Here...
View ArticlePrivate Mortgage Insurance Basics
Private mortgage insurance is usually required when you take a mortgage loan. In fact it is generally included in your mortgage payment and placed in an escrow account along with any tax liability....
View ArticleHow Much Mortgage Can I Afford
What mortgage can I afford? Practically all house buyers have asked themselves that question at one time or another. What are mortgage points, and what down payment must I have? These are others....
View ArticleMortgage Down Payment Assistance Programs
Down payment assistance programs (DPA) are designed to help you with your down payment when buying a home. If you are having trouble raising the cash needed to buy your home, then help is available –...
View ArticleReal Estate Appraisal Using Home Valuation Websites
Real estate appraisal can be carried out on home valuation websites using automated valuation models (AVMs). This might seem to be an easy way to find the value of your home prior to selling it, but...
View ArticleLoan Modification: Basics of Mortgage Modifications
Loan modification is a process that enables those in danger of foreclosure to modify or rearrange their mortgage. Fundamentally, the purpose of mortgage modifications is to enable homeowners with...
View ArticleCleaning a Patio: Brick and Paver Patio Maintenance
Cleaning a patio is an essential aspect of brick and paver patio maintenance. If left without maintenance or cleaning, a patio will become discolored and slippery with mold and moss or algae. It is...
View ArticleMortgage Calculator: Easily Calculate Mortgage Payments
An online mortgage calculator can help you to calculate mortgage payments and interest. Such calculators can take various forms, but before using them you must make sure you understand what you are...
View ArticleYard Staging Tips When Selling Your Home
Yard staging is often overlooked by people selling their homes. Curb appeal is very important, and many sellers will spend a great deal of time and money on their windows and doors. For some reason,...
View ArticleBuying an Older Home: 10 Things to Look Out For
Buying an older home can be extremely rewarding, but can also be fraught with danger. Before purchasing an older home, there are certain aspects of older homes that should be aware of. Here are some of...
View ArticleGreen Mortgages: What are Energy Efficient Mortgages?
Green mortgages are energy efficient mortgages that have been discussed since the early 1980s. It s possible to have energy-efficient improvements made to your home and included in your mortgage...
View ArticleMoving With Pets: Tips on Relocating With Pets
Moving with pets takes a bit of pre-planning. The following tips on relocating with pets will help make the transition as stress-free as possible for those loved ones that have no idea what is...
View ArticleFHA Streamlined 203(k) Loan: Loan For Moderate Rehab
The FHA streamlined 203(k) loan is different from the standard FHA 203(k) loan for distressed homes in that it is designed for minor changes to your new home that will cost no more than $35,000 to...
View ArticleYour Credit Report: Are Your Credit Records Accurate?
Like it or not, your credit report will be examined each time you apply for credit of any kind. This might be viewed in the form of a condensed ‘credit score’ which is a numerical measure of your...
View ArticleBridge Loans: The Need for Bridging Loan Finance
People tend to consider bridge loans when they realize they should have arranged one! Bridging loan finance is often the last thing on their minds when they are trying to deal with the 101 things...
View ArticleWhat is APR: Annual Percentage Rate and How to Use It
What is APR? It stands for Annual Percentage Rate, but what does that mean? You will see the term on every quotation for finance or credit cards you receive. It is one of those ubiquitous terms that...
View ArticleHome Purchase Basics: Down Payments and Closing Costs
When you make a down payment on a home it has a significant effect on most aspects of home purchase. Your real estate deposit is more important than you likely believe. Here are some factors that...
View ArticleMortgage Down Payment: Importance of a Deposit on a Home
If you are only able to make a small mortgage down payment on the home you wish to buy, then that will affect the type of loan available to you. In fact, a small deposit on a home will also limit the...
View ArticleCash or Mortgage: Is a Mortgage Better than Buying Outright
Cash or mortgage: which is best? Is a mortgage better than buying your home outright? On the face of it there is no question. Surely paying cash for your home, meaning buying it outright, beats taking...
View ArticleBalloon Mortgages – What is a Balloon Loan?
Balloon mortgages involve the payment of a lump sum to clear the outstanding mortgage loan after a specific period of time. A common form of balloon loan in the auto industry is to borrow a certain sum...
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