Smartfi Home Loans – How to Find the Best Mortgage Broker

mortgageMany people want to own a home, but only a few can afford to buy one outright. The rest look into alternative choices, such as hiring the services of a mortgage broker. Let’s say you want to check the affordability of UK properties, or the house prices in the United States, a mortgage broker will be there to assist you each step of the way.

You may be wondering if you require the services of a mortgage broker organization, particularly if you believe you can handle the procedure on your own. However, they are important in completing the acquisition of a new property. Finding a reliable mortgage broker isn’t always easy but you can walk through this process with good guidance. Continue reading

Ways to Avoid Debt and Pay Off the Home Loan Faster than Ever

home loanBuying a home is a dream most of us harbor as adults. Being a home owner signifies success and freedom as a result of having taken our responsibilities seriously and created a life that supports home ownership.

There are drawbacks, however, especially if we buy more home than we can afford long-term, and find ourselves unable to make other investments that allow for early retirement due to having all our income tied up in mortgage payments.

The solution is to own our home outright by paying off the mortgage as quickly as possible. This can be a tough uphill battle initially. However 7 expert tips below provide ways to pay off your mortgage faster than ever.

1- Make Bi-Weekly Payments

Consider submitting half the monthly payment to your lender every two weeks instead of the typical monthly payment. This reduces the interest because owed substantially over the life of the mortgage. You effectively make an extra payment due to having made 26 yearly payments instead of the customary 24. Doing this for the duration of the loan shaves off several months from the contract and reduces interest paid over the time of the loan. Continue reading