8 Steps of the VA Home Loan Process
The U.S. Department of Veterans Affairs offers financial assistance and benefits to active-duty military, Reserve members and retired military veterans, including affordable home loans. There are many steps to the VA house loan process, and it can typically take a couple of months from receiving an official Certificate of Eligibility to sitting at the closing… Read More »
Read MoreUSDA Home Loan Process: Step by Step
The United States Department of Agriculture helps those who otherwise wouldn’t qualify for home financing to become homeowners. The USDA’s single-family housing guaranteed loan program benefits low- or moderate-income homebuyers in rural areas. The USDA backs these loans to promote economic development in places with smaller populations. Homeownership helps stabilize the local economy and community… Read More »
Read MoreThe FHA Home Loan Process: Step by Step
FHA Home Loan Process Timeline 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… Read More »
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 More »
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 More »
Read MoreWhat is a Forbearance Plan?
What is forbearance? Unable to make your mortgage payments? 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 not forgiveness of any portion of… Read More »
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 More »
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 More »
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 More »
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 More »
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