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Stories

How Medical Bills Can Affect Your Mortgage Application
An unexpected hospital invoice can put pressure on a home loan application at exactly the wrong time. A lender assessing your mortgage looks beyond your salary…
How a Co-Signer Can Help With a High Debt-to-Income Ratio
A high debt-to-income ratio can make it harder to qualify for a home loan, even when your income is steady and your credit history is sound. Lenders compare…
How to remove private mortgage insurance through refinancing
For Australian borrowers, private mortgage insurance is usually called lenders mortgage insurance, or LMI. It is commonly charged when a home loan has a…
How To Refinance With An FHA Loan Even If You Have Some Equity
Refinancing an FHA loan can reduce your monthly payment, change the loan term, or move you into a different mortgage structure. Having equity in the property…
How your home valuation affects refinance approval
When you refinance, the lender is assessing more than your repayment history and income. It also wants to know what your property is worth today, because the…
Shorten your mortgage term without increasing repayments
Refinancing into a shorter loan term can reduce the total interest paid and bring forward the date you own your home outright. The difficulty is that a shorter…
How Paying Points on a Refinance Can Shorten Your Break-Even Time
Refinancing can reduce your home loan interest rate, change your repayment structure, or release equity for renovations and other purposes. Some lenders also…
HELOCs and Second Mortgages Explained for Australian Borrowers
Homeowners often hear that the equity in their property can help fund renovations, consolidate debts, cover education costs or manage a major expense. Two…
Using home equity to fund one major expense
A home equity loan can turn part of the value built up in your property into a lump sum for a significant, planned cost. In Australia, this may be arranged as…
What a Home Equity Line of Credit Can Pay For
A home equity line of credit, often called a home loan line of credit in Australia, lets you borrow against the usable equity in your property. Equity is the…