3 Home Equity Mortgage Lenders to Consider in 2022
If you own a property, the value of that property minus the outstanding mortgage is known as equity. With a home equity loan (HEL), you put that equity down as collateral in order to borrow money. What is a Home Equity Loan? With a home equity loan—often known as a “second mortgage”—the borrower receives a […]
Retirement Planning: Home Equity vs. Reverse Mortgage
Your senior years are supposed to be your time to kick back and relax. With your family grown up and hopefully taking care of themselves, and more time on your hands now you’re not working, this could be your chance to seize life again. Trouble is, vacation plans and new hobbies need a bit of […]
How to Get a No Down Payment Mortgage
Buying a new house is an exciting process but one big thing stands between you and the home of your dreams — a down payment. If you haven’t been able to save enough for a down payment, don’t cross homeownership off your to-do list just yet. It is possible to purchase a home without a […]
Avoid These 6 First-Time Homebuyer Mistakes
The time has finally come. You’ve worked hard, you’ve saved up some money and you’re finally ready to put down some roots. It’s time for you to realize your dreams of becoming a homeowner. There’s no doubt about it, this exciting time can also be pretty nerve-wracking. Don’t worry, you’re not alone. Avoid these common […]
How to Choose a Mortgage Lender for a First-Time Home Buyer
To first-time home buyers, the mortgage application process may seem like a whole new world, with different terms and rules to learn, and so many decisions to make. Home buyers not selling a home tend to have smaller down payments, and less-established credit histories. On the other hand, they may qualify for government programs to […]
Which 15-Year Mortgage Lender is Right for You?
So, you’re in the market for a house? You’ve probably been reading up on all there is to know about taking out a mortgage. The basics are pretty straightforward: once you put in a down payment, a mortgage loan covers the remaining cost of a home, which you’ll need to pay back over x number […]
Is Now a Good Time to Refinance My Mortgage?
With the consistent rise in interest rates, people are considering refinancing to keep rates low. But is it the right time for you? Homeowners refinance for many different reasons, including changes in their financial situation and long-term goals. While refinancing might be a good idea for some people, it doesn’t mean that it’s the right […]
Understand Your VA Home Loan
If you are an armed forces veteran and are planning to apply for a mortgage on a new home or refinance an existing loan, you might be eligible to secure favorable terms from your lender. The letters “VA” in VA Home Loan advertise that this benefit is provided by the Department for Veterans Affairs. The […]
Top Three 30 Year Mortgage Lenders for 2022
Shopping for a mortgage can be stressful. It’s hard to wrap your head around the various loan types, terms and lenders. It’s time to get down to basics – starting with the loan term. Lots of homebuyers opt for a 30-year fixed mortgage, which allows you to pay back your loan over the course of […]
The Fed raised interest rates – here’s what you should do before the next rise
Because rising interest rates can make it more difficult to get and pay off loans, now is a good time to take action in several key financial areas. Taking out a new mortgage or refinancing your current mortgage to lock in low mortgage rates can save you significant amounts of money over the length of […]
