How to spot a wet basement

The Basement, simply because they are built into the ground has a greater possibility of being flooded, turning a once dry basement into a wet one. If the soil surrounding the basement is ‘water-heavy’, this then puts constant pressure on basement walls. Water also does follow the path of least resistance inside a home and …

Bi weekly mortgage payment plans

Anyone who takes on a home loan wants to find a way to reduce the interest rate. The good news is there are ways you can do it, even after the finalizing terms of the loan. One such method is a bi weekly mortgage plan. A bi weekly mortgage plan, usually offered by the lender …

Down payment gift association programs

Occasionally, homebuyers do not have enough funds for the traditional down payment and for the closing costs to buy a home. This is the case even when can easily afford the monthly payment. The solution is simple, get help from down payment assistance/ grant programs. A down payment assistance or grant program is where the …

Getting a reverse mortgage

The FHA reverse mortgage program, in situations where a mortgage has been settled in its entirety or with a small balance remaining, allows you to borrow funds against the equity of your home. This facility is provided to homeowners who presently live in the home that the borrowing is going to be made against and …

Mortgage Discount Points

Discount points, are points that you can buy when closing on a real estate transaction to lessen the interest on your mortgage. These points reduce the overall interest rate you pay on the mortgage, with a fixed reduction for every point you buy. Unfortunately, more often than not, the cost of buying the discount points …

Don’t Get Caught Up In Loan Fraud

If you provide false information on your mortgage application, it constitutes mortgage fraud. Most applicants add a white lie or two on their forms, often because they do not know how serious the issue is, or worse, because their real-estate agent suggested they do so and assured them that there is no harm in doing …