When is the Best Time to Refinance Your Mortgage?

Have you been paying down a home loan for several years? Did you know there’s a way you could mathe-magically pay less every month? Want to learn more? Refinancing your home may sound like complicated wizardry. But there is a lot of data and financial consideration that goes into this process. Today, we’re going to […]

How to Secure a Home Loan in 16 Steps

Buying a home is a big deal. It’s a serious process, and there are big stakes in the game. At Beverly-Hanks, we know it can feel like you’re lost in the forest, with no map for how to reach the summit of the distant mountain. You’re climbing over boulders, hiking higher and higher, with no […]

6 Important Reasons Not to Pay off Your Mortgage Early

Every month, you send a significant portion of your income to your housing lender. And every month, you dream about what else you could do with that money—if only your mortgage was paid off already! Wouldn’t it just be better to pay off your home loan early and be done with it?  Depending on your […]

5 Things You Need to Know before You Get a 15-Year Mortgage

Are you trying to decide between a 15-year and a 30-year mortgage? With interest rates at all-time lows, you may be considering changing your mortgage program. While there are many benefits to 180 fewer loan payments, the 15-year mortgage is not for everyone. The mortgage program you choose depends on your personal goals and your […]

5 Things You Need to Know about Amortization Schedules

Am-or-ti-za-tion. Try saying that five times fast! In addition to earning you a zillion Scrabble points, amortization is an important concept for every home buyer to comprehend. After all, it’s the secret to understanding your mortgage loan and paying it down over time. And for a debt as large as a home, that’s a secret […]

How to Buy a House if You have Filed for Bankruptcy

There’s no question: Life would be easier if you could really collect $200 every time you passed “Go.” Unfortunately, the world is more complicated than a board game. And sometimes, you have to take drastic measures to pull yourself up from underwater.  If you’ve filed for bankruptcy, it could feel like game over. No more […]

What do You Actually Need to Get a Mortgage?

Do you know what the requirements are for obtaining a mortgage? Do you qualify for a home in your desired neighborhood?  If you answered “no” to the first question, you may not realize that the answer to the second is likely “yes.” The Federal National Mortgage Association, commonly known as Fannie Mae, recently released some […]