Tag Archive for: mortgage payment

Mortgage Rates are Up: Should I Buy Mortgage Points?

Mortgage rates are rising and it’s hard to ignore. Buying mortgage points is one way to lower your mortgage rate but it can be a difficult decision for many homebuyers. For new borrowers getting ready to buy a home and for homeowners who want to refinance, it’s a good time to consider buying mortgage points, […]

Top 3 Guidelines to Decide Your Next Mortgage Payment

One of the questions I often hear from my clients is, How much house can I afford on my current salary? It’s a wise question, especially for homebuyers who want to build wealth and financial stability. When it comes down to it, every homebuyer wants a mortgage payment that fits their budget, their lifestyle, and […]

Clear Benefits of a Reverse Mortgage

Homeowners across the west coast have been asking how they can maximize their home equity options, and reverse mortgages are becoming a popular topic. For the first time in a decade, many homeowners have more than 20% home equity. What’s more, while many have relocated over this past year, most homeowners over the age of […]

Behind on Mortgage Payments? Request a Loan Modification

  If you’re behind on your mortgage payments or even facing foreclosure, you might be able to save your mortgage by requesting a loan modification or refinancing your mortgage. On July 23, 2021, the Biden Administration announced a new plan to offer mortgage relief to homeowners, reducing some mortgage payments by up to 25%. Under […]

How the Fannie Mae HIRO Program Can Lower Your Mortgage Payment and Avoid Foreclosure

Many homeowners have been asking, what can I do if I can’t pay my mortgage? The Fannie Mae HIRO loan program could help. Many American homeowners have suffered reduced income or loss of employment during this past year due to the coronavirus pandemic. Forbearance and loan modification programs can help, but many covid-related housing relief programs […]