Shelly Summer  Hudson
Shelly Summer Hudson, Benchmark Realty, LLCPhone: (615) 668-8996
Email: [email protected]

Tag: Mortgage

Posted on 11/15/2020
Points: How They Benefit You
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
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Posted on 10/11/2020
Consequences of Missed Mortgage Payments
Photo by: NeONBRAND via Unsplash Missing a mortgage payment is not the end of the world. Many lenders are more than ready to work out a payment plan if you’re going through a rough patch or budgetary crisis. However, you may end up doing more harm than good to your credit and home ownership if you don’t contact...
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Posted on 08/16/2020
Which is Smarter: Paying Off the Mortgage or Investing?
Photo by Andrey_Popov via Shutterstock Often, when discussing ways to get out of debt, the subject of “mortgage versus investments” comes up. If you have a mortgage, your monthly budget likely revolves around paying it first, meaning investment ideas take a back seat. One way to free money up to invest is to pay off the mortgage, and...
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Posted on 11/24/2019
Signs That Now Is a Good Time to Apply for a Mortgage
For many individuals, the homebuying journey often begins with getting pre-approved for a mortgage. Because if a buyer has a mortgage, he or she can enter the real estate market with a budget in hand. Ultimately, there are many signs that now may be the perfect time to apply for a mortgage, and these include: 1. You're ready to...
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Posted on 11/03/2019
Things You Need to get Pre-Approved
In your quest to buy a home, you might check out properties online or looking up houses around your neighborhood up for sale. These are all steps you must first make to attain your desire of becoming a homeowner. Before you go into your search proper, there is something you need to do; it’s called getting pre-approved for...
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Posted on 10/06/2019
What You Need to Know to Apply for a Bank Mortgage
Few people can save up the cash required to buy a house. If you're contemplating buying your first house, your first stop will probably be your local bank to inquire about a mortgage. When you talk to the mortgage officer, they will ask you to provide several documents. Various documents will be required at different stages of the...
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Posted on 07/21/2019
Calculating Mortgage Costs
Learning the nuances of buying a home does not take a college degree in mathematics. You do not even need to know calculus or trigonometry. The numbers all come from multiplication, division, and percentages. However, understanding the numbers is not all there is to know about mortgages. Debt finance has a language of its own, so here are...
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Posted on 01/14/2019
Prepare a Mortgage Application
Filling out a mortgage application may prove to be a long, arduous process, particularly for those who are buying a house for the first time. Lucky for you, we're here to help you dot the I's and cross the T's on your mortgage application to ensure you can quickly and effortlessly acquire your dream house. Now, let's take a...
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