Two Ways Mortgages are Like Life Partners

No matter how many mortgages are out there, you only have to find one.
Couple Works Out Budget for Kitchen Renovation

Couple Works Out Budget for Kitchen Renovation

This couple talks with a financial adviser after making the decision to renovate their kitchen. Having a budget to work within will keep the project in line with finances.

Photo by: Jupiterimages

Jupiterimages

By: Tara-Nicholle Nelson
Related To:

Two Ways Mortgages are Like Life Partners

  • No matter how many are out there, you only have to find one. (Or two, or realistically three -- max -- for mortgage loans and partners.)

  • Your commitment is not a life sentence. What works for you now, may not work for you in the future, as your credit or income improve, rates go down, you move, or you decide you need to borrow against your equity. There’s no law prohibiting you from deciding that your mortgage loan -- or your life partner -- is just not working out anymore, and refinancing.

One Way Mortgages are Not Like Life Partners

  • You should go into a mortgage with your exit strategy in mind. Many savvy homebuyers take mortgages knowing when, why, and how they will get out of them. Your life vision can and should impact your mortgage exit strategy.
Keep Reading

Next Up

Buyers: What to Do When Your Loan Falls Through During Escrow

Number one tip: Don't freak out. Real estate expert Tara-Nicholle Nelson walks you through the next steps to take.

Foreclosure Defined

Foreclosure is not the most cheerful thing to think about, but it is an element of reality every homeowner should be aware of and comprehend fully so they can avoid it.

Buyers: Don’t Freak Out When You Get Bad Inspection Results

What’s a homebuyer to do if your home inspection has bad results? Drama-Free Real Estate expert Tara-Nicholle Nelson shares her tips and tools.

Brokers, Lenders and Points, Oh My!

Brokers can be the used car salesman of the mortgage world because they get a cut of the amount you borrow.

The Price Is Right

One of the most important steps in the house-selling game is pricing your house right. Here's how to pick a number that works.

Buy What You Need, Not What You Want

Make a list of your ideal home and stick to it while house hunting.

Build or Buy? Making the Right Decision

It's more than deciding on the right carpet-tile combination. Before you hire a builder or sign on a dotted line, read these tips to make sure you're getting the best house for your buck.

Buying a Second Vacation Home in the Tropics

A practical guide to running off to an island.

Anti-Checklist: What Not to Do Until You Close Escrow

Take a list of things to avoid before you close on your new house.

Building Mortgage Interest: More Tax Deductions and Incentives for Homeowners

Learn about the many tax advantages of homeownership, including special deductions and local incentives.

On TV

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.