Tag: Mortgage

Posted on 10/27/2024

The U.S. Department of Veterans Affairs has helped countless veterans finance their home ownership goals. While you have the choice of a conventional loan offered by other mortgage lenders, there are some significant benefits to VA loans. Here are some of the most important advantages to consider: No Down Payment The most famous benefit of VA loans is...

Loan Beneftis

Loans

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Posted on 10/13/2024

Getting preapproved for a mortgage: The basics

Getting preapproved for a mortgage is an essential part...

Buying

Homebuyer

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Posted on 08/18/2024

Understanding the term of a mortgage

A major aspect of financing a home is choosing the “term”...

Adjustable Rate Mortgage

Fixed Rate Mortgage

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Posted on 09/03/2023

Mortgage points: What they are and how they can help

Mortgage points can be a confusing topic, especially if...

Homebuyer

Homeowner

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Posted on 04/02/2023

Owning a home: What is the mortgage?

For many, the concept of buying property seems completely...

Home Mortgage

Basics

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Posted on 02/12/2023

How much should you spend on a down payment on a house?

A major step in the homebuying process is paying the down...

Home Financing

Down Payment

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Posted on 12/11/2022

What Affects Housing Prices?

Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...

Economy

Home Prices

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Posted on 10/16/2022

Home loans: Common repayment options for a 30-year mortgage

30-year mortgage rates are the norm among mortgage rates. Most options for monthly payments involve a fixed interest rate, while there are a few that may offer an adjustable rate mortgage for homebuyers searching for interest flexibility. However, some homeowners may want to repay their mortgage lenders faster than originally planned, while others may need more flexibility in...

30 Year Mortgage

Home Loans

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Posted on 09/25/2022

How long does it take to buy a house? Major factors to consider

If you’re interested in purchasing property, you might be wondering, “how long does it take to buy a house?” Home buying is a lengthy process even when everything goes smoothly, and can easily become longer and more complicated with every potential hiccup. To help you better prepare for the process and save time, here are some key tips...

Home Buying

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Posted on 06/05/2022

Mortgage: Recasting your monthly payments

Recasting mortgage payments is a little-known gem when it comes to homeowner finances. It’s often viewed as a method to lower monthly payments without extending the length of your loan term. But what exactly is mortgage recasting? Are there any disadvantages to it? What about my interest rates? Will my overall loan balance increase or decrease? Here’s a...

Home Financing

Home Refinancing

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Posted on 01/05/2020

What's a Seller-Financed Mortgage and Should I Consider One?

Photo by Charles Thompson via Pixabay A vast majority of homebuying transactions rely on the buyer qualifying for a mortgage through a bank. After all, most people don't have enough cash lying around to buy a home outright. Nowadays, you have more options with different types of lenders and alternative financing companies where you can seek pre-approval online....

Mortgage

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