HOME WITH ERIC · MORTGAGES REIMAGINED
Find an article about buying, moving or making sense of your mortgage. Start with your question.
534 articles to explore · Page 38 of 45
Articles marked “Substack” open the original in a new tab. Market updates reflect their original date.
The interest rate helps determine the interest charged on the loan. APR is a broader annualized cost measure that includes certain charges under disclosure rules. It can help compare offers, but it...
Read the articleExpect to document identity, income, assets, debts and the transaction, with the exact list depending on your situation and program. Ask the lender for a tailored checklist and a secure upload path...
Read the articlePrepaid items pay certain costs ahead of time or cover a defined period around closing. They are different from the lender’s fee for making the loan. Read the dates and amounts so you understand wh...
Read the articleThe label alone does not tell you how thoroughly a lender reviewed your situation. Ask what documents were checked, whether credit was reviewed, whether underwriting has been involved and what cond...
Read the articleCompare the full cost of each choice over a realistic time period. Buying can build equity, but ownership also brings interest, taxes, insurance and transaction costs. Renting can preserve flexibil...
Read the articleBeing self-employed does not rule out a mortgage, but business revenue is not automatically qualifying personal income. The lender needs to understand the business, expenses, income history and abi...
Read the articleA permitted seller credit can reduce certain closing costs, while a lower price changes the purchase amount and may reduce borrowing. They solve different cash problems. Compare both using the same...
Read the articleA co-borrower can affect the loan review, but also takes on a real repayment obligation. Adding someone is not simply a way to borrow more. Discuss income, debts, ownership, payment responsibility...
Read the articleA shorter term usually requires faster repayment and a larger principal and interest payment for the same balance and rate. A longer term can provide more monthly flexibility but may cost more inte...
Read the article
There is no single credit score that guarantees a mortgage. Loan programs and lenders set different requirements, and credit is only one part of the review. Your income, debts, available cash and p...
Read the articleWANT TO WORK THROUGH A DECISION?
Bring it to a Discovery Call. You do not need a complete application to start a conversation.