Where can today’s first time home buyers find assistance with down payments? It is a very appealing time to purchase a home. However, despite attractive home prices and interest rates many first time home buyers have allowed themselves to be held back by the perceived obstacle of needing sizable down payments….
Everyone receives bad advice from time to time, but what if that advice ended up costing you thousands? These common mortgage myths can end up doing just that. You may feel like it’s the right time to buy a home due to reasonable housing prices and affordable interest rates. Don’t let…
What smart tips and tactics can help home buyers land the best deals on a purchase mortgage loan today? It’s a great time to buy a home and get a home loan, but it is always wise to ensure you are getting a good deal with a financial decision as big…
Purchasing a house is most likely the largest purchase you will ever make. Most homeowners choose to get a 30 year fixed rate mortgage. However, there are many different mortgage loan options available. No two mortgage products and no two homeowners are the same. Consider all of the different factors when…
Interest rates continue to remain low and many homeowners are tempted to refinance their mortgage. While refinancing can be a great financial benefit to many, there are instances when you should not refinance. Determine whether any of the circumstances below apply to you. When You Should NOT Refinance: You won’t be…
Your fixed rate mortgage is one of the biggest financial commitments you’ll make in your entire life. Whatever you lock in for your monthly payment, you could be paying for 10, 20, maybe even 30 years straight. Even a small improvement in your loan terms can save you thousands in dollars…
One of the biggest factors on a mortgage application is the credit history of the borrower. Lenders are looking for a well established credit history that shows the borrower’s abilities to repay loans on time. However, sometimes life circumstances can result in a less than excellent credit report. The good news…
Becoming a homeowner is one of those central American dreams that can end up inspiring a person’s entire life and career track. Buying a home is likely one of the biggest purchases a person will ever make and is never something to be made on a whim or in a rush….
Fixed rate mortgages (FRMs) and adjustable rate mortgages (ARMs) are the two primary types of loans home buyers can secure, and choosing one or the other can make a significant difference in how your budget develops over the term of your loan. As the names state, a fixed rate mortgage is…
Before getting involved in the home buying process, you might not have heard the term “escrow” before. It’s time to get familiar with this term and understand the major part it plays in real estate and your ability to buy a new home. In its most simplistic essence, escrow occurs when…
