Mortgage Factory

Category: Real Estate

Homeowners Come Out Ahead Over Renters

Homeowners Come Out Ahead Over Renters

Despite higher home prices and larger mortgages, monthly housing costs are currently lower on average for homeowners than renters. According to a new study sponsored by Royal LePage, homeowners paid an average of $769 less per month compared to renting a similar home in the… more

Utilize Your Homes To Reach Your Goals Quicker!

Utilize Your Homes Equity To Reach Your Goals Quicker!

Refinancing takes care of the current mortgage and any other legal rights against the property, creating an entirely new mortgage. Refinancing could save you a lot of money if interest rates decrease by 1 or more percentage points below the rate you currently pay.

Top 16 Do’s and Don’ts when Applying for a Mortgage

Top 16 Do’s and Don’ts when Applying for a Mortgage

You have applied for a mortgage and have been pre-approved! Great, nothing can go wrong, right? Well, not exactly. One major factor is working against you, and that is time! A lot can happen from when you are pre-approved until the closing date. The biggest… more

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