Mortgage Pre-Approval: The Basics
What does pre-approval mean when you’re looking to buy a home? Understand how it can help you and how to apply for pre-approval, which can give you an idea how much of a mortgage you will qualify for when it’s time to make an offer on your dream home. In the market for a new […]
Is Refinancing Your Mortgage the Right Move for You?
Aug. 16, 20211 min read Times change, so why shouldn’t your mortgage? Mortgage refinancing (sometimes referred to as taking out a second mortgage) can help you save money, get cash in your pocket, lower your monthly payments, shorten your loan term and more! Learn more about mortgage refinancing and get the facts before you decide […]
The U.S. Housing Shortage and Its Impact on You
The U.S. is facing an unprecedented housing shortage. This lower supply of new and existing homes combined with increased demand that started even before the COVID-19 pandemic has served to create a perfect storm in terms of a housing shortage. Prospective buyers need to be aware of the market in their area and the right […]
How to Get Low Mortgage Rates in 2022
Mortgage rates are little numbers that are a big deal for anyone looking to purchase or refinance a home. Interest rates are a percentage of the overall loan you take out, so a higher or lower rate will quickly add up to figures in the tens of thousands of dollars range. This is why people […]
7 Factors to Consider When Choosing a Mortgage
When purchasing a home, a mortgage is almost always an inevitability. To ensure the best outcome, it’s important to plan ahead and make a decision that meets your financial and personal needs. Breaking down a mortgage into different factors will provide you with the perspective that you need for your initial home purchase and for […]
Everything You Need to Know About Getting a Mortgage
Unless you’re one of the lucky few that can purchase a home for cash, you’re likely to need some kind of a loan to realize your dream of home ownership. Broadly, a mortgage refers to the specific type of loan that’s used for home purchase. There are many types of mortgage terms you’ll want to […]
A First-Time Buyer’s Guide to Choosing a Home
Buying a house isn’t only the biggest financial decision most people make – it’s also the most personal. There is no one-size-fits-all house, especially when you factor in budget, mortgage offers, location, and all the red lines and deal-breakers that buyers tend to have. First things first, take a deep breath and then lay out […]
3 Recommended Mortgage Refinance Lenders for 2022
For those looking to refinance their mortgage there are a lot of lenders to choose from and a number of factors to consider. Each lender has their own unique features as a well as certain strengths and weaknesses. This article compares three of the bigger lenders in this space to help provide you with a […]
FHA Loans: Your Guide to Getting a Loan with Low Credit
If you want to buy a new home, but have a low credit rating or don’t have a lot of cash, you may consider applying for a Federal Government-backed loan. FHA Loan helps borrowers to secure mortgages from authorized lenders for as low as a 3.5% down payment. A low credit rating or lack of […]
5 Reasons to Tap Your Home Equity
Home equity is the difference between the current market value of your home and the amount of mortgage debt owed. The amount of your home equity typically increases as you pay down the mortgage debt on your home. Home equity is a resource available to homeowners and can be useful if used properly. If you […]
