The FHA Home Loan Process: Step by Step
For many homebuyers, the biggest concern is whether or not they can afford the home of their dreams. An FHA loan may be the right loan for you, allowing you to purchase your dream home without the expense of a significant down payment. Purchasing a home is both a huge financial investment and a personal […]
Read MoreHow to Get a Home Loan With No Down Payment
Finding a mortgage with a low down payment or no money down can make the home-buying experience much more enjoyable. If you want to buy a house with no money down, you can apply for particular loans that do not require a down payment. Low down payment alternatives are also prevalent. What Is a No-Down-Payment […]
Read MoreHow to Pay Off Your Mortgage Faster
How to Pay Off Your Mortgage Faster Many homeowners are eager to free themselves of mortgage debt early. There are a few reasons why. Reduced total interest payments: Paying down your mortgage early will reduce the total interest to pay on the loan, resulting in substantial savings. Relief from debt: Paying off debt can be a […]
Read MoreWhy Should I Refinance My Home?
Why Should I Refinance My Home? Refinance now to pay LESS on your mortgage. Refinancing a home is something many homeowners consider at least once during the life of their home mortgage loan. Rates are reaching historic lows in the midst of summer 2020 and now is a great time to consider a refi. What […]
Read MoreWhat is a Forbearance?
What is a forbearance? Unable to make your mortgage payments during the Coronavirus pandemic? Learn how a forbearance plan may be able to assist you in trying times. FORBEARANCE REQUEST FORM Q: What is a forbearance plan? A: A forbearance plan is a temporary suspension (or reduction) of your monthly mortgage payments. A forbearance plan is […]
Read MoreCoronavirus Mortgage Payments: What You Should Do First
Coronavirus Mortgage Payments: What You Should Do First If your ability to pay your mortgage payments has been affected by the coronavirus pandemic, this is what you should do first. Be sure to check in with the Centers for Disease Control for the latest news and advice. You can find the most recent information as they update […]
Read MoreHow Your Mortgage Rates Are Determined
How Your Mortgage Rates Are Determined Whether it is your first time buying a home or you are searching for the best mortgage rates, it is important to understand how your mortgage rates are determined. You may think your mortgage interest rates are set by the lender, but it’s actually set by market forces beyond […]
Read MoreGuide to Home Loan Lingo
Guide to Home Loan Lingo Whether you’re a first-time homebuyer or a seasoned home buyer, understanding mortgages is an undertaking of its own. Loan language can sound foreign when you’re first dealing with it. Both loan officers and real estate agents will use loan lingo to help guide you through the process. To get to […]
Read MoreHow to Get Pre-Qualified for a Home Loan
So you’re getting ready to buy a home, and you want to take the right steps to ensure you get the home you want. What will it take to secure that house? For the best shot, you need a pre-qualified mortgage loan letter. In this article, we walk you through the mortgage application process and how […]
Read MoreHow to Improve Your Credit Score to Lower Your Mortgage Rates
When it comes to many loans, your credit score will determine what you pay. This is true of student loans, car loans, and mortgages. So when you’re buying a home, the higher your credit score, the lower your mortgage rate will be. What’s Considered a Good Credit Score? Your credit score is determined by the […]
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