Drama-Free Home Financing
Getting and managing a mortgage these days can be high drama! Minimize the stress of home finance with these 10 action steps, strategies & insider secrets, from real estate expert Tara-Nicholle Nelson.
- You can't qualify for the place you want.
Consider it a sign that the home was beyond your means. Factor in all the costs of homeownership and try again.
- You are unpleasantly surprised at closing.
If your interest rate or closing costs are higher than you expected, find out why they changed and resolve it ?- fast.
- Your mortgage rate is about to adjust or just adjusted.
Avoid shelling out several hundred dollars more each month by refinancing or getting a loan modification.
- You're "upside-down" on your mortgage and can't afford to pay.
You're not alone. Government and private programs offer options. Evaluate your situation and take action.
- "I lost my job and can't pay the mortgage."
Before the severance check arrives, look into refinancing or work with your lender to negotiate new loan terms.
- "My mortgage broker is ignoring me or scamming me."
Sketchy mortgage pros are who got us into this housing mess in the first place. If you're dealing with a dud, find a new one.
- "My co-borrower has issues."
Couples don't usually share FICO scores before they say "I do." Know your options if your partner is less than loan-worthy.
- "I was pre-approved, but now I'm not approved."
"Preapproval" does not equal "guarantee." The lender needs to verify all your documentation before approving a mortgage.
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Drama-Free Home Buying
Strategies for stress-free buying, including mastering the process and managing your emotions.
Drama-Free Home Selling
Strategies for stress-free selling, including preparing your home and managing your expectations.
