Buying a home and getting a mortgage loan can be a challenging experience, especially for first-time homeowners. The initial down payment, closing costs, and mortgage rates all have large price tags attached and are full of minute details that can be missed by the... Continue reading
You want to get your mortgage rate as low as possible. With the constant market changes, however, it's important to understand exactly what determines it. Below are a few key factors that help influence your mortgage rate. Credit Score and Other Finances Your personal... Continue reading
Going over your mortgage can sometimes feel like reading a foreign language. Indeed, the industry is full of acronyms and terms which may not be easy to understand the first time around. Below are some of the most common terminologies you'll hear in relation... Continue reading
Fannie Mae and Freddie Mac are operations sponsored by Congress that are crucial to the mortgage industry. These private-owned corporations buy mortgages from lenders and sell to investors. This helps provide stability, liquidity and affordability to the market. Essentially, they set the standard for... Continue reading
There are several projects homeowners can take on to increase both their property's value and enjoyment. Here are a few modifications you can make to improve your home's resale value. Add New Appliances Technology is constantly evolving. Many homeowners now use smart devices for... Continue reading
Tax deductions can help by lowering the amount of taxable income you have to pay on. Tax deductions can help by lowering the amount of taxable income you have to pay on. If you're a homeowner with a mortgage, a mortgage interest deduction could... Continue reading
Your loan officer will ensure all your financial statements are accurate and the necessary paperwork is ready for closing. Closing on your home is an exciting time that is the culmination and celebration of months of hard work. However, home ownership doesn't end at... Continue reading
Mortgage Default document 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... Continue reading
Close-up shot of a VA loan 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... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
