Tag: Mortgage

Posted on 09/22/2024

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 09/08/2024

Mortgage prepayment penalty: What it is & why you should care

Mortgage lenders make money primarily through interest...

Prepayment Penalty

Prepayment Penalties

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Posted on 07/28/2024

What is the term of a mortgage? Your questions answered

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

Adjustable Rate Mortgage

Fixed Rate Mortgage

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Posted on 03/31/2024

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

30-year mortgage rates are the norm among mortgage rates....

30 Year Mortgage

Home Loans

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Posted on 03/10/2024

Important Details to Know About Veteran Mortgage Relief

The U.S. government has multiple options available for military veterans who may be facing foreclosure. Through the Department of Veterans Affairs, borrowers can get financial relief through means such as forbearance, deferment, refinancing and more. However, there are some crucial details to be aware of. Here are some of the most important things to know about current veteran...

Mortgage

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Posted on 02/11/2024

How to choose 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 06/18/2023

What is the mortgage, anyway?

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

Home Mortgage

Basics

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Posted on 06/04/2023

Mortgage: Recasting your monthly payments

Recasting mortgage payments is a little-known gem when it...

Home Financing

Home Refinancing

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Posted on 10/16/2022

Servicing a loan: What it means & why it matters

Mortgage servicers are companies responsible for the...

Loan Servicing

Mortgage Lender

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Posted on 05/22/2022

Financial health: How to choose your ideal 15-year mortgage

Mortgages can be a very flustering part of the homebuying process, just based on the sheer volume of available options. Most homebuyers choose the 30-year fixed rate option, as long as they meet the criteria. But what about the 15-year option? What choices are available for homebuyers, first-time and experienced? How do you know which one to pick?...

15 Year Mortgage

Fixed Rate Mortgage

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Posted on 09/06/2020

Is A Seller-Financed Mortgage Right For You?

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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Posted on 04/19/2020

How Should Interest Rates Influence When You Buy?

Photo by Doubletree Studio via Shutterstock Interest rates rise in correlation to inflation and other economic activity. When that happens, it can increase housing costs. But the question is, should it prompt you to buy sooner than you’re ready? The Right Time Is Now In real estate, the right time is always now for someone. Is it the...

Mortgage

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