Mortgage Infographics
Infographic – The Meltdown Of The Mortgage
Between 2010 and 2015, 3 million former homeowners will become renters due to the housing collapse. Furthermore, the overall state of the economy has created a new culture of frugality, with americans valuing financial security over luxury. 52% of the general population rates themselves as highly frugal, while 82% say that the economy has caused […]
Infographics – Searching For The Right Home
When looking to buy a home, it is essential that a borrower consider taking the top five steps: 1) Pre-approval – Find out how much you would qualify for. 2) Create a check-list – Go over on a check-list your wants and needs within a home. 3) Search for property – Find a real estate […]
Infographic – What Is Mortgage Insurance?
Mortgage insurance can help put a homeowner’s mind at ease. Homeowners who like to think ahead and plan for the worst can benefit from mortgage insurance, since it serves as a protection in case a homeowner experiences an inability to make their monthly mortgage on time. Unforeseen events such as: loss of employment, injuries or […]
Infographic – Finding To Buying
Finding the perfect home usually takes time and rarely is it an easy task. However there are a few things you can do to help you learn more about the area in which the home you are interested in is located. Asking neighbors and other locals about the area can be one thing you can […]
Infographic – Mortgage Payment Breakdown
Understanding what a mortgage payment is and how it works is extremely important, given the fact that there are several factors that will help determine what your mortgage payment will be. Downpayment Loan program Credit Something else to also consider is the type of loan term. Understanding the pros and cons of each loan term […]
Infographic – Don’t Wait Too Long To Buy
When is the right time to buy a home? well, there is definitely one major factor to key in that can end up costing you if you don’t do it at the right time. Interest rates go up and down on a daily basis, to make sure you end up with an affordable monthly payment […]
Infographic – Sink Or Swim
During a time of recovery in the housing market it is essential to not only choose the right time to obtain a home loan, but to also choose the right location as well. Finding a home worthy of its monthly payments can certainly be tough, however based on a most recent geographic analysis that there […]
Infographic – Reverse Mortgage Factsheet
A Reverse Mortgage may not be for everyone, but it definitely has its advantages and can be beneficial for the right person. Reverse Mortgage eligibility requirements are pretty specific as it is only for seniors ages 62 and older and currently occupying and owning the home. A Reverse Mortgage would only be suitable for the […]
Infographic – First Time Homebuyer Mistakes
Some mistakes should be excusable right? at least that’s what we would all prefer, however it does depend on what the mistake is. Such as homebuying for the first time, there are a couple things to consider and be very careful of when buying a home for the first time since you are most likely […]
Infographic – HARP 2.0
The Home Affordable Refinance Program (HARP) was made for underwater or near-underwater homeowners who owe more than the value of their home, as long as they have been making their payments on time and the loan is currently backed by Fannie Mae and Freddie Mac. Millions of once underwater homeowners today are seeing results in […]
Infographic – Top 10 Places To Live
More people have moved to the following 10 cities since 2010 than anywhere else. We’ve ranked them against one another based on five criteria. Here are the top 10: 1) Denver, CO 2) Charlotte, NC 3) Austin, TX 4) San Diego, CA (tied with Austin, TX) 5) Phoenix, AZ 6) San Antonio, TX 7) New […]
Infographic – Changes In Home Prices
Home sales by price point changes year after year and rather dramtaically.
Infographic – How To Buy A Home
Deciding which option is right for you depends largely on the amount of time you plan to live in the house. For many, a home is not only the largest and most important purchase of a lifetime, it can also signal the fulfillment of a lifelong dream.
Infographic – Equity Report
Latest Statistics show that there are currently 7.1 million homes currently underwater and an additional 1.7 million borrowers have less than 5% equity. The states with the highest equity reported are: 1) Montana – 96.2% 2) Arkansas – 96.1% 3) Wyoming – 95.8% 4) Texas – 95.7% 5) North Dakota – 95.5%
Infographic – 15 VS. 30 Year Fixed Rate Mortgage
Fixed rate mortgages for some are more affordable since the rate stays the same for several years regardless of market conditions that affect the movement of rates. The most common fixed rate mortgages are either a 15 year or 30 year. Keep in mind that majority of the time the longer the life of your […]
