The Ellis Mortgage Team

Compare Mortgage Rates For Refinancing Choosing The Best Refinance Mortgage Option When refinancing a mortgage loan, homeowners have several options. There are numerous reasons for refinancing an existing mortgage. The past five years have witnessed low mortgage rates. However, low rates will not remain forever. Before interest rates begin to climb, homeowners should take advantage of their refinancing option. Which Home Mortgage Lender to Choose? Many financial lending institutions offer mortgage refinancing. If hoping to secure a good refi loan, ... When refinancing a mortgage loan, homeowners have several options. There are numerous reasons for refinancing an existing mortgage. The past five years have witnessed low mortgage rates. However, low rates will not remain forever. Before interest rates begin to climb, homeowners should take advantage of their refinancing option. Which Home Mortgage Lender to Choose? Many financial lending institutions offer mortgage refi

Home ownership is just a mortgage away!  To name a few, there are fixed rate mortgages rates and an adjustable rate mortgage. Getting a house of your own is a lifetime achievement and a home mortgage helps you in achieving this milestone much earlier than it would otherwise have been possible.  In fact, the first home mortgage is also filled with a lot of emotion.  A home mortgage is really something that makes dreams come true. So let us start with understanding what a home mortgage actually is? A home mortgage is something that allows you to buy a house even if you do not have enough money to pay for it right away.  This is made possible by borrowing money from someone and paying it back in monthly installments.  The person who lends you money is called the home mortgage lender.  The home mortgage lender lends you money for a specific period (up to 30 years) during which you are expected to pay back the money in monthly installments.  There are certain terms and conditi

Any discussion of mortgages tends to turn on two points. How can you qualify for the most money with the lowest payment? How can you get the lowest interest rate for the mortgage? While these are two important issues, there is an addition one that people fail to consider, resulting in significant wasted money. The term of a mortgage is extremely critical for a couple of reason. First, it sets the length of the obligation you are undertaking. Second, it defines the amount of interest you are going to pay over the life of the loan. These are huge issues when it comes to building equity. The longer the loan, the more total interest you are going to pay. The trade off, of course, is you are going to have smaller monthly payments the farther you stretch out the obligation. While this may sound like a good goal when you first get the mortgage, it can backfire on you in the long run. Most people focus on interest rates as a way to save money on mortgages. This is a valid approach, but

There's a common misconception that bankruptcy will kill your chances at getting a home loan. This isn't true. In fact, surveys have shown that it's possible to get a loan as quickly as 18 months after filing bankruptcy. Though that's an exception rather than the rule, it's not at all unreasonable to try and purchase a home two to three years after filing. How do you go about doing it? ==> Verify Your Credit Report Start by regularly checking your credit report. You'll want to check your credit report about four times a year after bankruptcy to make sure everything gets settled correctly. The US government provides one credit report a year for free. On your credit report, be on the lookout for items that should appear as settled in bankruptcy, but still show as owed, open or delinquent. Contact the credit agencies and let them know of the mistakes. This is extremely, extremely common. Sometimes it's just a lag in paperwork, but often times if

call us today 855-Element or go to http://www.ellismortgageteam.com If you're thinking about selling your house, you might want to wait. Taking just a month or two to improve the value of your home could help you tuck away thousands more later down the line. Here are five simple and straightforward things you can do to improve the value of your home before listing. ==> Repaint Repainting literally costs as little as a hundred dollars for paint and could make your home look brand new again. There's nothing that says age and lack of care quite like peeling paint. If the exterior or interior of your home doesn't look freshly painted, that first impression alone could kill a potential deal. So, head over to Home Depot with a few friends or the family and make a couple weekends out of it. One weekend on the exterior and one on the interior could be all it takes. ==> Lighting The amount and type of light that your home gets can have a big impact on its perc