Even if you’re a financially savvy individual, life can always throw you a serious curveball. Layoffs, unexpected illnesses, losing a loved one: there are any number of life events that can lead to financial uncertainty. If such unfortunate circumstances have befallen your household, then it can be difficult for you to cover all of your … Continue reading What You Need to Know About Mortgage Default
Millions of Americans are eligible for home financing with a VA home loan. If you’ve served, or are currently serving, in the U.S. Army, Navy, Marine Corps, Air Force or Coast Guard, your nation thanks you by offering a myriad of veterans’ benefits, one of which is a VA loan which provides access to government-sponsored … Continue reading Guide to VA Loans
The home buying process can certainly be a long and involved journey. There are many moving parts and boxes to check. In a sense, it’s almost like buying a car. There is shopping around to do, loan rates to secure, and value to assess. If you’re in the market to buy or refinance a home, … Continue reading What Is a Home Appraisal?
Currently, it’s a seller’s market, so many houses are selling at prices that are significantly above market value. This can be quite advantageous for current homeowners looking to sell or refinance their home. Refinancing, in particular, is a great option to take as it can result in lowered monthly mortgage payments, shortened home loan durations, … Continue reading How Soon After Purchasing My Home Can I Refinance?
Buying a home is as exciting as it is stressful, especially for first-time home buyers. However, getting your ducks in a row credit-wise can be tough and could delay the mortgage approval process. Fortunately, if you’re making the switch from renting a home to buying one, recent updates to Fannie Mae’s underwriting guidelines could work … Continue reading How to Qualify for Rent Payment Consideration
If you’re a first-time home buyer, the closing process can be a confusing collection of factors and terms. However, when going into your first mortgage transaction, it’s important to be familiar with the many different aspects of the process. One of the more unfamiliar concepts in the mortgage process is mortgage points. A Breakdown of … Continue reading What Are Mortgage Points?
Buying a home is both a big investment and life decision. While owning a home may be cheaper than renting one in the long run, becoming a homeowner definitely comes with its fair share of expenses outside of monthly mortgage payment and utilities. Before you make the decision to buy a home, here are a … Continue reading Common Expenses to Homeownership
Equity is a commonly used term in the real estate market. Whether you’re a first-time buyer or planning to move, you’ve probably heard it used once or twice. While home equity can be a confusing concept to understand, once you do, it can help you in a number of ways. Here are the basics of … Continue reading What Is Home Equity and How Can You Use It?
While the home buying process has gotten more streamlined and easier in recent years, there are still many moving parts and potential points of frustration. As a first-time buyer, it’s possible you might be denied a loan—even if you get pre-approved. When this happens, it can be easy to get discouraged. However, there are many … Continue reading What to Do If Your Mortgage Application Is Denied
Buying a home is an exciting new stage in life. Having your own place to shape into your perfect living space is a truly rewarding experience; however, that process can take time and additional funds. To pay for home improvements and remodeling costs, homeowners often draw on the equity they build up as they pay … Continue reading Cash-Out Refinance Vs. Home Equity Line of Credit