Category: Mortgages

Mortgage Pre-Approval - Winegar, Steven - Paint Covered Overalls - Durham NC
Give yourself a competitive advantage with a mortgage pre-approval. If you have been shopping for a home recently, I don’t have to tell you that it is very competitive. People are snapping up homes after one day on the market. Sellers often have the option to choose between multiple offers. As a buyer you face […]
Why Does Your Mortgage Payment Change From Year to Year - Winegar, Steven - Paint Covered Overalls
Why does your mortgage payment change from year to year? You may have bought your home with a 30-year fixed-rate mortgage thinking “This is great! No more rent increases. My monthly payment is fixed for life.” Maybe, after about a year into home ownership, you got a notice that your monthly payment was going up. […]
Mortgage Forbearance - Winegar, Steven - Paint Covered Overalls
Should you ask for forbearance on your mortgage payment? If you are having a hard time paying your mortgage because of coronavirus-related financial hardship, you may be eligible to have your mortgage payment put into forbearance under the CARES act. Being laid off or reduced hours count as reasons for financial hardship. You should understand […]
Renovation Mortgage - Winegar, Steven - Paint Covered Overalls
Use a renovation mortgage to create a home you love. Are you in the market for a home but just can’t find one you love? Are you thinking it is time to update the kitchen or bath or make an addition to a home that you’ve been in for years but do not have the […]
Should You Refinance Your Home Mortgage Now - Winegar, Steven - Paint Covered Overalls
Should you refinance your home mortgage now? Mortgage refinance is hot right now, and for good reason. Mortgage interest rates are at historic lows, so there may be an opportunity to reduce your monthly payment significantly. The process The mortgage refinance process is replacement of your current mortgage with a new one at a lower […]