admin No Comments

Frequently Asked Questions About Mortgages Most First-Time Buyers Have

Securing a mortgage can be a daunting process for anyone but is even more so for anyone who’s buying their first house and is not completely sure what all the different terms mean!

Understanding the most frequently asked questions will help you get around the tricky process of getting approved for a mortgage and get started on your journey to owning your very own house quicker.

Here is a list of the questions first time home buyers usually ask us: Read more

admin No Comments

4 Reasons You Should Think About Refinancing Your Mortgage

Once a few years have passed since you bought your house and have been paying regular monthly mortgage payments on it, the question may have come to your mind: Why don’t I try refinancing my mortgage and trade it in for a better deal?

But before you can take the first step to refinancing your mortgage, it is essential to know what it is and how it may benefit you. Read more

admin No Comments

Mortgage Insurances: What You Need to Know

Before you first start looking for a new house for yourself and your family, you need to go through an extensive procedure of pre-qualification, pre-approval, getting a mortgage, home loan and the like.

A term you’ll often come across during this process, mortgage insurance, often throws people off. Sure, you need to get home insurance to ensure you don’t suffer amajor loss in the event of a fire, flooding or any unforeseen circumstance. But what is this mortgage insurance, and do you really need it? Read more

admin No Comments

The Best Time To Buy A House

Buying a house is probably the most expensive purchase you’re ever going to make in your life. You’re likely to be paying off mortgages and loans for decades after buying your own house, which makes it even more important to make smart decisions when choosing a house, securing a loan and purchasing the property. Read more

admin No Comments

Myth Busting: Refinancing Edition

When it comes to refinancing home loans, a lot of misinformation is passed along as fact. This blog will debunk some of these myths and give you a clearer picture about refinancing. Read more

admin No Comments

The Importance of Homeowners Insurance

According to the National Association of Insurance Commissioners, 85% homeowners in the U.S have a homeowners insurance policy. This is basically a kind of property insurance policy that covers any damages and losses that a person’s home may sustain, and protects their assets.

Typically, the policy covers interior and exterior damage, loss of belongings, and injuries sustained on the property. The homeowner is obligated to pay a deductible when a claim is made, and the insurance policy takes care of these costs. Read more

admin No Comments

Adopting Healthy Financial Habits

Setting yourself up for a content financial future requires much diligence. One step at a time, one healthy financial habit after another is how you secure a better grip on your spending, and reach your financial goals.

Poor financial habits may seem to have minor impact at this point, but imagine making huge purchases in the future—such as a new car or a new home—only to find you do not have enough financial strength to back your payments.

As you move further along the year, start incorporating discipline practices to secure your finances.

Create a budget

Financial troubles start when you lose track of your income and spending. Forming a financial plan is a crucial practice for every household, seeing as how it helps individuals organize where their money goes.

There is no hard-set way to form a budget plan. Make a plan that paves the way toward a certain financial goal, and make sure to stick to it.

Set aside and save

When you have a certain goal in mind, such as fulfilling a down payment for a potential new home, work on it by saving up money. The earlier you start, the more consistent you are, and the more likelihood you are of amplifying your finances.

Pay off those debts

The future of your finances is hinged on the level of your debt. The longer you withhold credit card charges, or utility bills, the more you add to your financial stresses.

Pay off all credit card charges that are due at the beginning of the month. Don’t forget, your debt fulfilling habits determine your credit score performance.

Adhere to spending limits

Spending over your income capacity is a sure-fire way to drown you in debts and other financial burdens. Keep track of your income, and determine spending limits for reducing expenditures over a certain time schedule.

Build up a rainy day fund

Changing socio-economic conditions, familiar obligations, job and income responsibilities—a number of such aspects are quite impactful on your life, and quite unforeseeable.  As strong and as meticulous of a financial plan you form, there is always a chance that things will go sideways.

Accumulate an emergency fund over a few months, and set it aside for a potential drawback in your finances.   

Do your research

Step outside savings and budget, and look for external opportunities which aid you in managing huge investments. If you are opting for a loan to finance a new home, look up low and convenient loan rates.

Loan and other financial support programs have differing terms, thus figuring out which best serves your needs is essential in managing finances.

Let our financial experts help you organize your investments. At e-Finance Mortgage, LLC, we help clients achieve maximum benefits in securing terms for conventional loans and FHA loans.

Get in touch with us today at (844) 433-4626. Our services are available throughout California, Colorado, Iowa, Illinois, Michigan, and Washington.