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Geri Mason's Articles in Mortgages

  • Mortgage Mistakes To Avoid
    Home mortgages are tricky business.

    It isn’t everyday that you shop for a home. Naturally, as a buyer, you won’t be very familiar with the home mortgage process.

    Here are some mistakes to avoid.

    Since a mortgage is such a large amount money, it is imperative that you are as prepared as possible. Read on to find out some of the top mistakes home owners make when applying for a mortgage.

    Choosing The Wrong Mortgage. There are many types home mortgages that a home bu...
  • Tips To Help With Financial Preparation For Your Mortgage
    Before they approve you for a home mortgage, lenders want to be sure that you will be able to repay it.

    They will take a detailed look at your financial situation to determine this.

    There are several things you can do to improve your chances of getting approved for a home mortgage.

    The first thing you should do is check your credit.

    Make sure that there is no inaccurate information on your credit report. This includes accounts that do not belong to you and account...
  • Tips To Help You Save For A Mortgage Down Payment
    Even though many lenders that offer programs to assist buyers without a mortgage down payment, it is still a good idea to save up as much as you can.

    Here are some tips to help you save.

    Having a mortgage down payment benefits you in many ways.

    The more you have for a mortgage down payment, the more you can afford to pay for a home. Let’s say for example, that based on your income and debt level you are able to borrow $100,000 from a lender. That means you can afford...
  • Understanding The Mortgage Process
    What exactly is a mortgage?

    In this article I will try and make it more easy to understand the process:

    In the most specific term, the mortgage is a document in which the home buyer states the lender will hold a lien on a piece of property until a certain amount of money is paid.

    Generally speaking, the mortgage applies to both this document and the loan that is used to secure the property.

    Once you have decided on a piece of property that you would like to purcha...
  • Pre Qualifying Real Estate Buyers
    A big issue and pressing question for a lot of For Sale By Owner sellers is how to determine if a potential buyer can afford to purchase the home for sale.

    (there is a free ebook: 101 Tips For Selling Your House,for you to download, from a link at the bottom of this page).

    This situation is known as pre-qualifying a buyer. At first glance, this may seem like a complicated process and a complex dilemma but in actuality it is relatively simple and involves crunching a few...
  • Secrets Of Financing Your House Purchase
    One of the hardest things about purchasing a home for sale by owner is obtaining the financing necessary.

    If you follow these tips you should stand a good chance of obtaining a loan:

    Lenders want to be sure that they are going to receive repayment for the loan and go through a fairly rigorous qualification process to ensure that.

    Once you know you are going to be purchasing a for sale by owner home, you should then start getting your finances in order. A year to six ...
  • When A Home Owner`s Warranty Can Help You
    Does your home insurance policy include things like plumbing or electricity failures?

    It most likely doesn’t. What will you do if something goes wrong in the home after you’ve successfully closed the deal?

    Even worse, what if something goes wrong after the buyer has already moved in? You could end up paying thousands of dollars to have the problem fixed.

    Follow these tips to help you when you are buying a house:

    Don’t think that just because ownership of the prope...

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