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Most Renters Are Paying Far More Than Their Landlord’s Mortgage

June 6, 2023 by Patrick Jones

It is not uncommon for renters to pay more in rent than their landlord's mortgage payment. This is because landlords are typically looking to make a profit on their rental properties, and they will often set their rent prices based on market rates rather than the cost of their mortgage.

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Payment, Renting

Does My Current Debt Affect Getting A New Mortgage?

June 1, 2023 by Patrick Jones

It's important to manage your debt carefully and maintain a good credit score if you're planning to apply for a new mortgage. By evaluating the following and staying on track, you can ensure that you're ready for the financial responsibilities of a mortgage and can make an informed decision about homeownership.

Filed Under: Mortgage Tagged With: Credit Score, Debt to Income, Mortgage

An Overview Of Mortgage Points

May 31, 2023 by Patrick Jones

There are two types of mortgage points: discount points and origination points. Discount points are used to buy down the interest rate on the loan, while origination points are used to cover the lender's administrative costs.

Filed Under: Mortgage Tagged With: Mortgage, Mortgage Points, Mortgage Rates

What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?

May 25, 2023 by Patrick Jones

A reverse mortgage and a home. equity conversion mortgages (HECM) are both types of loan products that allow homeowners to tap into the equity they have built up in their homes. However, there are some important differences between the two.

Filed Under: Mortgage Tagged With: Home Equity, Mortgage, Reverse Mortgage

Running A Quick Financial Health Check Before You Apply For A Mortgage

May 24, 2023 by Patrick Jones

Getting a mortgage is a significant financial decision, and it is crucial to ensure that you are financially prepared before applying for one. Conducting a quick financial health check before applying for a mortgage can help you determine your financial standing and your ability to afford a mortgage payment.

Filed Under: Mortgage Tagged With: Credit Check, Mortgage, Mortgages

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Patrick Jones
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Email: pjones@myfthl.com
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Recent Articles

  • Most Renters Are Paying Far More Than Their Landlord’s Mortgage
  • S&P Case-Shiller Home Price Indices Show Mixed Readings in March
  • Does My Current Debt Affect Getting A New Mortgage?
  • An Overview Of Mortgage Points
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F&M Mortgage NMLS# 518158
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