Mortgage Tips

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Category: Mortgage Tips

Benefits and Drawbacks to an Adjustable-Rate Mortgage

Adjustable-Rate Mortgage

An adjustable rate mortgage (ARM) can be a smart choice for a borrower who plans to move, refinance, or pay off their mortgage in a few years time, thanks to the lower introductory interest rates and lower monthly mortgage payments.

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How to Stop Paying PMI

stop paying pmi

If you bought your home with a down payment of less than 20%, your lender might have required you to purchase private mortgage insurance, also known as PMI. You may also have been required to buy PMI if you refinanced

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Do You Really Need to Pay Off Your Mortgage Early?

Pay Off Your Mortgage Early

It seems most financial advisors and even personal finance blogs will advise you to pay off your mortgage early. But is that something you really need to do? Let’s take an unconventional view, and offer reasons why you might not

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Homeward Residential Inc. is not licensed to originate mortgage loans in all states.