Tag: Mortgage

Posted on 09/01/2024

The Reality Behind Your Biggest Homebuying Fears

Buying a house can be a source of tremendous stress for many. It’s extremely common to feel overwhelmed and nervous about specific aspects of the process. Luckily, there are some answers to the scariest questions to help ease your mind. Here are some of the biggest homebuying fears and what to do about them: “What if I don’t...

Buyers Remorse

Down Payment

+ 10 more

Posted on 06/09/2024

30-Year mortgage rates: What payment options are available?

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

30 Year Mortgage

Home Loans

+ 4 more

Posted on 05/21/2023

Options for Veteran Mortgage Relief to Consider

If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...

Mortgage

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Posted on 02/12/2023

How to Know if You're Eligible for a VA Loan

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

Active Duty

Eligibility

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Posted on 08/07/2022

4 Reasons Why Down Payment Amount Matters

Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...

Down Payment

Financing

+ 13 more

Posted on 05/01/2022

Mortgages: Which 15-year loan is right for you?

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 12/12/2021

Understanding Seller Financing

In real estate transactions, homebuyers have to obtain some kind of financing. Typically, this additional monetary support comes from a third party institution like a bank or mortgage lender. However, sometimes the seller may also offer financing directly. There are many options available depending on the specific need and situation. Here is a basic overview of seller financing...

Financing

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Posted on 04/25/2021

Mortgage vs Construction Loan: Understanding Key Differences

Image by pasja1000 from Pixabay Most homeowners have a mortgage against their house, and homebuyers who purchase existing homes usually secure a traditional mortgage before closing. When building a new house, however, you’re likely to need a construction loan before getting a home mortgage. Here’s a breakdown of each, including how they’re used in the new home building...

Construction Loan

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Posted on 02/23/2020

Home Buying Journey: Start with Your Loan

Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...

Mortgage

+ 4 more