Category: Home Loan

Early Mortgage Guidance During Your Home Search

As exciting as it is to start the search for your new home, it is important to gather the right information early in the process. This means more than just exploring neighborhoods and looking at what properties are available, as you should also look into matters like pricing trends, changes in interest rates, and your… Read more »

Is Now A Good Time To Buy A Home?

Buyers and sellers in the housing market can gain different advantages as the real estate market fluctuates. For someone on the outside, it can be difficult to assess whether a certain time is really the “right” time to put a home on the market, or if this is really the most advantageous time to make… Read more »

What Questions Do You Have About Home Loans?

Few decisions feel as exciting, or as significant, as the one to become a homeowner. The security of owning your space and the benefits to building equity through property are hard to overstate. With the right space and the right mortgage, you can enjoy significant long-term benefits. Of course, one early question you have to… Read more »

Securing The Right Home Loan For The Long Term

Whether the real estate market favors buyers or sellers, people looking for their first home or a new home can find a number of attractive properties. Of course, while it is an important choice, selecting the property you want is not the only choice you have to make. You can find that you have different… Read more »

Will Your Savings Help You Secure Your First Home?

What do you gain from building your savings over time? Part of why you should set aside money is to make sure you can protect yourself when the unexpected happens. Medical concerns, car repairs, unemployment, and other issues can come with costs that you will have to clear. However, you should not think about savings… Read more »

Should I Choose An FHA Or Conventional Loan?

When it comes to buying a home, the property cost is far from the only factor that affects what you will be paying from month to month. Different loan types offer different terms in the short and long term, and some come with additional costs that you will need to factor into your budgeting. One… Read more »

Are You Looking For A Low Down Payment Mortgage?

Mortgage

Are You Looking For A Low Down Payment Mortgage? Several loan programs can help home buyers with a lower income and/or low down payment. One such program is the Fannie Mae HomeReady mortgage. You could pay as little as 3% down on a HomeReady loan. That’s $6,000 down on a $200,000 home — even less… Read more »

How To Buy A Home With A Lower Credit Score

credit score

Credit scores are a major component of securing a favorable mortgage loan and unfortunately, many people have scores that can hinder the home buying process. The factors that have lowered your score could very well be out of your control and are based on decisions made many years ago. After all, many people get credit… Read more »

What Is The Home Buying Process?

Home Loan Process

While buying a home is an immensely rewarding milestone, the process of getting there can be overwhelming and daunting. From choosing the ideal house to securing a mortgage to everything in between, you will certainly have a lot on your plate. This is by no means a deterrent; rather, it is beneficial to know what… Read more »

Fixed-Rate And Adjustable-Rate Mortgages

mortgage loan

If you have a mortgage, you are certainly paying interest on it. This is true for all loans, as it incentivizes lenders to provide you with the funds you need. It also gives them security should the loan default. Long-term interest rates are primarily determined by the demand for U.S. Treasury notes, and they fluctuate… Read more »