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    Is Home Mortgage Refinancing Right for You?

    Last updated 7 years ago

    Home refinancing may be the right move for many different homeowners; from those who simply want to save money to those who want to hold onto their homes. 

    Here’s a few reasons why:

     Avoiding Foreclosure

    Whether you bought your home while you still had good credit or accepted the terms of a subprime loan (more on those later), sometimes all that’s standing between you and foreclosure is a few hundred bucks a month.  If refinancing your mortgage means that you can decrease your payment enough to keep your house, then you should definitely get in contact with a private home lender to see if you can work something out.

    Renegotiating Your Future

    For borrowers with good credit, home refinancing can save a lot of money.  The thing to remember, however, is that refinancing your mortgage to save money only works as a long-term investment.  Because you have to pay closing costs on your new home loan, you have to make sure that you’re in the house long enough for your monthly savings to more than make up the closing costs.  In addition, if you were forced to accept a subprime loan when you bought your residence, then you should look into refinancing your mortgage if your credit score has gotten better over the years.  If you think home refinancing is for you, then start putting aside money for the closing costs.  Your lender will expect that cash as soon as you sign on the dotted line.

     Making Just One Payment

    Most Americans carry a lot of debt: car loans, student loans, second mortgages, credit card bills. But refinancing your home mortgage can bundle all of those debts into one “package.” You’d only have to pay one lump sum each month, and because you’d be paying interest on one loan at one fixed rate, you could save a bundle.  Plus, you’d never have to worry about an interest-rate spike on your credit card debt again.

     If you want to learn more about renegotiating your home mortgage, then get in touch with Nelson Sousa.  A private home lender, Nelson Sousa can help with home refinance, second mortgages, and offer assistance to first time home buyers in the bargain.  For more information, visit his website or call (800)360-8314 today.

    Do You Have an iphone? Check Out This Handy Mortgage Calculator Pro iphone App!

    Last updated 7 years ago

     The Mortgage Calculator Pro app has some seriously useful features.   It not only allows users to store all the pertinent information about their loans, but unlike other similar apps, it also allows you to include factors like property tax, insurance, and HOA fees.  This app gives you what’s probably the most complete summary of the financial impact of a loan that you’re likely to see outside of a professional’s office.  In addition, if you’re leery of counting on your phone or other iDevice to keep track of this kind of information, then it’s possible to save copies of everything on your computer.

     Of course, an app is no substitute for a professional opinion.  If you’re a first-time home buyer, want to refinance your home, or need to take out a second mortgage, then you should speak with mortgage professional Nelson Sousa.  For more information, call (800) 360-8314 or visit Nelson’s website today.

    Like Our Recent Blog Topics? Here Are More Great Resources for You to Check Out.

    Last updated 7 years ago

    Want to learn more about picking out your first home and choosing a mortgage broker? Check out these terrific sites for some useful information.

    • This article at homebuying.about.com features some tips for first-time home buyers.
    • This article at forbes.com focuses on financial tips for first-time home buyers.
    • Wondering what you should ask you mortgage broker or lender?  Check out this About.com article for some great questions that you need to ask before going forward.

    A Few Tips On How to Find the Right Mortgage Broker For You

    Last updated 7 years ago

    Having a reliable, responsible mortgage broker is essential for first-time home buyers. But with a slew of brokers on the market, how are you supposed to choose the one that's right for you?


    It may seem a daunting task, but it's far from insurmountable. Simply by keeping a few crucial tips in mind, you can ensure that you pick a mortgage broker who will keep you from tumbling into an abyss of financial confusion.

     No up-front fees. A good mortgage broker won't expect to be paid before closing, with the exception of the appraisal fee. If you're a first-time home buyer and you're getting charged left and right for your broker's services, then consider it a warning sign.

     Open to any lenders. A reliable mortgage broker won't insist that you go with the private home lender of his or her company's choice, but will be open to the one of your choice. As a first-time home buyer, you shouldn't limit your options.

     Helpful, lucid, and available. A trustworthy mortgage broker should be visibly interested in helping a first-time home buyer and should be making sure that you understand what's going on. A broker who avoids your calls or buries you in jargon whenever you meet probably has a reason to avoid looking you in the eye.

    For mortgage advice and service you can steer a ship by, go with Nelson Sousa. We're professional and knowledgeable, and we've got the experience you need to ensure that your first-time home buyer's experience is a positive, beneficial one.

     We'll fight for your interests and make sure you get the terms you deserve as a first-time home buyer. We'll work to find a financial solution that works for you: Our loans include home refinance loans, home equity loans, and bad credit loans. When it comes to buying your first home, there's no reason to expect anything less than the best service—and that's what we'll give you.

    Are You Ready to Buy a Home? Watch this Video for 3 Important Factors to Consider.

    Last updated 7 years ago

    Your dream is finally about to come true. You're finally getting ready to pull up the stakes and buy a new home. Are you really prepared?

     As this video explains, before making the decision to buy a home, ask yourself a few questions.

    • Have you saved enough for a down payment on your home?
    • Are you planning to stay in your new home for a long time?
    •  Is your bank account healthy enough to allow you to make the transition smoothly? 

    If you're uncertain about the answers to any of these questions, then it's time to seek advice from an industry professional. Contact Nelson Sousa, for friendly and expert advice in preparing you for a major step like this one.

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