• Don’t let recent mortgage rate jump end your home search

    by  • July 10, 2013 • 0 Comments

    Since Federal Reserve Chairman Ben Bernanke announced that the Federal Reserve might slow the pace of its bond-buying stimulus this year, mortgage rates have jumped dramatically. If you’re a potential home buyer, you might be discouraged, but you shouldn’t be. Do some simple research, and you probably will find that the increase in your potential […]

    Read more →

    Shorter mortgage term can save big money

    by  • April 30, 2013 • 0 Comments

    The majority of mortgage loans in the U.S. are written with a 30-year term and a fixed rate. For most people, these types of loans create a payment that will work within their budget. If you can accommodate a higher monthly payment, you can save a substantial amount of money by taking on a 15- […]

    Read more →

    Strategies for paying off your mortgage early

    by  • April 22, 2013 • 0 Comments

    Paying off your mortgage early can save you a considerable amount of money, and some methods make it relatively painless to do so. Here are some strategies for your consideration: Pay a little more each month. Make sure your lender understands that the extra amount you’re paying each month is to be used to reduce the […]

    Read more →

    Tax-time tips for homeowners

    by  • March 21, 2013 • 0 Comments

    If you own a home and have a mortgage, your pocketbook benefits at tax time. As you’re computing your taxes, make sure you don’t miss any of the deductions, credits and exclusions available to you. Here’s a look at the most common tax-saving provisions. (Be sure to consult a tax advisor if you have any […]

    Read more →

    Outlook for the housing market is improving

    by  • January 28, 2013 • 0 Comments

    By all indications, the housing market, which suffered through 48 months of depression beginning in late 2008, is coming back. This is good news for the United States; whenever we faced recession in the past, a recovery in housing pulled us out. Here is a list of positive developments: In December 2012, the S&P/Case-Shiller Home […]

    Read more →

    First-time home buyer? Don’t make these mistakes

    by  • January 15, 2013 • 0 Comments

    Whether you’re a veteran home buyer or a first-timer, home-buying can be a challenging experience. If you’ve never done it before, you need to make sure you understand and avoid some of the top mistakes you can make. Here’s a list of some of the most common mistakes: Not knowing how much you can afford. […]

    Read more →

    The downside of reverse mortgages

    by  • December 18, 2012 • 0 Comments

    You’ve undoubtedly seen some celebrity endorsers on TV touting the benefits of reverse mortgages. You can get steady flow of cash to meet all of your living expenses, they say. There’s truth in the offer, but you’re not being shown the whole picture. There are things you need to know before you can make a […]

    Read more →

    Behind-the-scenes look at mortgage markets

    by  • December 3, 2012 • 0 Comments

    If you’re taking out a mortgage either to purchase or refinance a home, you’re probably most interested in getting the money you’re borrowing. It can be helpful, though, to understand how the mortgage market works and how lenders make a profit. With this knowledge, you can better understand loan programs and why different types of […]

    Read more →

    Closing-fee accuracy guarantee: a new day for borrowers

    by  • October 1, 2012 • 0 Comments

    With the announcement of our closing-fee accuracy guarantee, Mortgage Marvel is setting a new standard among multilender mortgage-shopping websites. You won’t find this guarantee being offered by our competitors, so it’s worth your while to apply for your mortgage with one of our lenders through MortgageMarvel.com. Our guarantee is simple. If a lender’s closing fees […]

    Read more →

    New rules proposed for mortgage lenders

    by  • September 24, 2012 • 0 Comments

    The Consumer Financial Protection Bureau, which was created in 2010 with the passage of the Dodd-Frank Act, is proposing new rules that it says will address problems consumers face when shopping for a mortgage, closing on a mortgage and paying off a mortgage. The proposals were released on July 9 of this year, and the […]

    Read more →