The Basics of a Reverse Mortgage

happy grand parents

A reverse mortgage is a financing option that allows seniors to continue to live in their homes and receive cash or a credit line in exchange for their home equity. In this week’s blog, we’ll go over the basics, benefits and uses of reverse mortgage for your consideration. Like with any serious financial commitment, taking… [Read More]

How Much Mortgage Can You Afford?

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If you’re interested in buying a home, one of the first things you’ve probably thought about is how much house you can truly afford. To determine how much you can afford, you’ll need to look carefully at your current finances and responsibilities and consider how they may change over the next few decades. You’ll also… [Read More]

Could Mortgage Refinancing Help You Achieve Your Goals?

row of houses

When you sign a mortgage contract, you’re making a serious commitment to a long-term financial obligation. That being said, mortgage refinancing can help clients maintain flexibility and ensure they are on track to meet their financial goals. There are two main divisions of mortgage refinance: rate-and-term refinance and cash-out refinance. Here, the mortgage professionals at… [Read More]

Prepare with Our Mortgage Application Checklist

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Navigating the world of home financing can be an intimidating venture without the help of a skilled professional. Mortgage brokers are loan professionals who are well versed in all types of home financing. They evaluate potential borrowers’ financial status and find mortgage options for which they’re qualified. At Lucey Mortgage Corporation, we help walk our… [Read More]

Financing for Fixer-Uppers

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For many potential homebuyers, the prospect of purchasing a home in need of TLC is a challenging and exciting proposition. “Fixer-upper” is a phrase used to describe homes with all types of rehabilitation needs, big and small. Clients purchase fixer-uppers for their own primary residences, as secondary homes and as investment properties. In this week’s… [Read More]

An In-Depth Look at Closing Costs

Couple Buying House

Welcome again to our mortgage blog, where we cover home financing basics to help you better prepare for owning a home. This week, we’ll explore the different costs you’ll encounter when you sign final documentation to secure your loan and purchase your new home. These closing costs are as widely varied in cost and item… [Read More]

How to Lock in a Mortgage Rate

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Mortgage Rate Locks May Give You Peace of Mind When it comes to buying a home, you may hear “location, location, location” is key. When it comes to obtaining a mortgage for a home, timing is of the essence, among other things. Like the selling price of homes, mortgage interest rates fluctuate as the economy… [Read More]

Owning vs. Renting: What You Need to Know

victorian houses

The choice to buy a home is one of the largest decisions most people will make in their lives. Most people rent for at least part of their lives before deciding to buy, and still others rent their whole lives. Because buying a home – and all that comes with it – is such an… [Read More]

Your FICO Score: A Benchmark of Financial Fitness

Young Man Worries About Debt and Money

To gain financial security and achieve the dream of owning a home, it’s essential that you understand the basics of credit. Credit scores are one measure by which lenders, banks and other companies evaluate your worthiness as a borrower for mortgages and other types of loans. In this week’s blog, we’ll look further into FICO… [Read More]