Recent Posts

  • Financial Resources for Veterans

    Posted June 23, 2014 By in Mortgage Education With | No Comments

    Special resources are available for veteransWhether you’re on active duty at home, deployed, or a Veteran of the U.S. Military, there are financial benefits in place to help you save money, get an education, and buy a home. Many Veterans never take advantage of these benefits because they don’t know about them. In addition to financial programs, there is a Personal Financial Management Services office located in your local military and family support center that can help you to access these benefits. These offices can also aid you in other areas of financial planning for free. These services can also be accessed over the phone at 800-342-9647, or online. Continue reading “Financial Resources for Veterans” »

  • Financial Protections for Older Americans

    Posted June 10, 2014 By in Mortgage Education With | No Comments Financial Protections for Older Americans

    Retirement is hard to come by in today's economy, and even those who have managed to set something aside can see it quickly diminished due to health problems, unforeseen family issues, and even financial scams. Fortunately, there are protections in place to help ensure that older Americans don’t outlive their money, and to help them make ends meet if they do. Continue reading “Financial Protections for Older Americans” »

  • Protection Against Credit Discrimination

    Posted May 28, 2014 By in Mortgage Education With | No Comments Protection Against Credit Discrimination

    Obtaining and managing credit is a part of daily life for most Americans. Our credit scores are used to determine eligibility for new accounts or loans, for housing, and even for new employment. Because our credit is such an essential part of our lives, credit discrimination can cause serious problems. Preventing and recognizing credit discrimination can help you to avoid potential problems. Continue reading “Protection Against Credit Discrimination” »

  • Getting Help When You’re Behind on Your Mortgage

    Posted May 19, 2014 By in Mortgage Education With | No Comments Getting Help When You’re Behind on Your Mortgage

    With so many Americans struggling to keep up with mortgage payments in recent years, many companies have sprung up who offer help with this problem, for a fee. While some of these companies are reputable, many of them are running a scam, and all of them are offering services that you could receive for free through the mortgage counseling programs offered by the US Treasury Department and HUD. These free programs provided by the government can help you to keep your home, avoid foreclosure, and/or sell your home if necessary. Continue reading “Getting Help When You’re Behind on Your Mortgage” »

  • Is it Time to Downsize?

    Posted April 23, 2014 By in Mortgage Education With | No Comments Is it Time to Downsize?

    The societal trend of recognizing the joys of a simpler life has led to a surge of people looking to downsize their homes. Downsizing your home can be very beneficial, and is an attractive option for people who are looking to streamline their life, save some money, or prepare for retirement. Whether you’re looking to escape the noise of the city, or elevate your financial position, downsizing might be the answer.

    Different Ways to Downsize

    The most common reason people give for wanting to downsize their home is they’re getting ready for retirement and they want to unlock the equity in their home. Continue reading “Is it Time to Downsize?” »

  • That Moment You Know You’ve Outgrown Your Home

    Posted April 9, 2014 By in Mortgage Education With | No Comments That Moment You Know You’ve Outgrown Your Home

    The road leading up to the decision to upgrade to a larger home is one littered with subtle hints and defining moments. These moments accumulate into a big picture that lets you know you’ve outgrown your home.

    Pain in the Multi-Purpose Room

    It’s that moment when you’re crossing the space serving as your living room, family room, play room, and home office in the middle of the night, so you can get a drink of water in your galley kitchen, and you step on one of several Legos strewn across the floor, yelling out in excruciating pain, and waking up everyone in the house, because they’re all no more than 20 feet from you, that you know you’ve outgrown your home. This is the moment where you’d give anything for the kids to have a playroom. Continue reading “That Moment You Know You’ve Outgrown Your Home” »

  • What You Need to Know about Co-Borrowing

    Posted March 19, 2014 By in Mortgage Education With | No Comments What You Need to Know about Co-Borrowing

    A co-borrower is exactly what it sounds like – an additional borrower on a loan. The co-borrower’s name, credit history and income appear on the loan documents, along with the primary borrower’s information. The purpose of a co-borrower is to help the primary borrower qualify for a loan. Both the primary borrower and the co-borrower are obligated to repay the loan. In the case of a mortgage, the names of the co-borrowers are also the names of the owners on the title.

    A Shared Responsibility

    The responsibilities to pay as well as the ownership of the asset are both shared by the primary borrower and co-borrower. Co-borrowers are often joint applicants. Much of the time, co-borrowers are spouses or couples. One of the main reasons for co-borrowing is two people may qualify for a larger loan than they could qualify for individually. Continue reading “What You Need to Know about Co-Borrowing” »

  • What You Need to Know About The Truth in Lending Act

    Posted March 5, 2014 By in Mortgage Education With | No Comments What You Need to Know About The Truth in Lending Act

    The purpose of this Act is to protect consumers in the interaction with creditors and lenders, The Truth in Lending Act (TILA), was enacted on May 29, 1968, as title I of the Consumer Credit Protection Act. TILA was implemented by Regulation Z July 1, 1969.

    Several amendments to TILA and Regulation Z have been implemented since 1969, most recently the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. This act granted rulemaking authority under TILA to the Consumer Financial Protection Bureau (CFPB). It also included a number of new amendments to TILA, and in 2013, the CFPB issued rules to implement them.

    The most recent amendments became effective January 2014, including the additions of ability-to-repay requirements for mortgage loans, appraisal requirements for higher-priced mortgage loans, refined loan originator compensation rules, and loan origination qualification standards. Continue reading “What You Need to Know About The Truth in Lending Act” »

  • Tips for Comparing Loans

    Posted February 26, 2014 By in News With | No Comments Tips for Comparing Loans

    When you’re looking to take out a home loan, it’s important to compare mortgage options to find the right loan for your situation. Selecting a home mortgage loan can be a difficult task. The options and terms are numerous, so sorting through them is very important in the decision process. Getting familiar with mortgages and knowing how to compare quotes are key to selecting the right loan. Asking the right questions is important. Continue reading “Tips for Comparing Loans” »

  • The How and What of Pre-Approval

    Posted February 19, 2014 By in Mortgage Education With | No Comments The How and What of Pre-Approval

    Thinking of buying a house? Then you probably want to consider getting pre-approved for a loan. Pre-approval is when a lender has confidence you can make a down payment of a certain amount and that your income is enough to make the monthly loan payments. There are a lot of good reasons to seek pre-approval, and some steps you’ll have to take to get there. Here’s what you need to know.

    What You’ll Need

    Getting pre-approved for a home mortgage requires you to provide personal information found on certain documents*. The following are examples of the types of documents you may need: Continue reading “The How and What of Pre-Approval” »

  • Page 1 of 912345»...Last »

© 2014 Axiom Financial, LLC. All rights reserved. NMLS #4642.

Equal Housing Lender