Get your ducks in a row, get pre-approved for financing on the home you want to buy now. Realtors nowadays will not take the time to show you homes unless they know what you are approved for and what type of financing options you have. No one can afford to
Continue readingTake Advantage of Historically Low Rates
The housing market is booming and mortgage rates are historically low. Concord Mortgage offers many refinancing options to homeowners. With our help, you can: Lower your monthly payments Shorten the mortgage term Obtain cash from your equity Consolidate debt Speed up payments Improve your overall finances Contact us to refinance
Continue readingWhat are Home Improvement Loans?
Home improvement loans are not home equity lines of credit or refinance loans, which are different. The latter two are mortgage-loan-oriented and involve larger, longer loan amounts, and are not open-ended. Home improvement loans are for property owners seeking to add price value to their home. These loans are highly
Continue readingHow to Get Pre-Approved for a Mortgage
Before you start shopping for a house, you will need to know how much you can spend on your new home; you’ll need to be pre-approved for a mortgage. Your mortgage consultant will order your credit report and you’ll submit financial documents (paycheck stubs, W2s, bank statements, etc.) so your price range and
Continue readingWhen is it time to “refi” your home?
First, you should consider the purpose of your refinance. Do you want to lower your monthly mortgage payment? This would be considered a “rate reduction refinance.” You should weigh the cost of the refinance to the savings you’ll get by lowering your interest rate. Another consideration will be how long
Continue readingChoosing a Rural Development Mortgage
If you’re not a Veteran, yet you want to purchase a home with a zero down payment loan, we may have an excellent option for you. If you want to buy a home, but you don’t have enough money saved yet for a down payment, you still may be able
Continue readingEliminate Mortgage Insurance by Refinancing Home Loan
If you purchased a home and put less than 20% down, you most likely have mortgage insurance. To help mitigate the lender’s risk, mortgage insurance is charged on loans with less than a 20% down payment. Yes, they will lend to you with less than a 20% down but you
Continue readingOFF SEASON BUYING
When is the right time to buy? Anytime can be the right time to buy depending on your circumstances, but buying in the offseason has real advantages. Here are just a few reasons to buy during the offseason. Sellers are generally more motivated to sell their house therefore they’re more
Continue readingDebt Consolidation Refinancing May Be for You!
With mortgage interest rates so low, it may be time to pay off all that credit card debt that you’ve accumulated over time by buying all the things that you’ve wanted or needed and lower your monthly payments for good. Even with the best of intentions, it’s difficult to pay
Continue readingLand Contract Refinancing
Refinancing a Land Contract? Here’s what you’ll need to know. Refinancing your land contract will be similar to getting a new mortgage or refinancing an existing one. The process involves having your credit checked and providing proof of your earnings as well as the savings you have in your bank
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