As you know, there are a lot of different mortgages on the market these days, and it can be tough to know which one is right for you. Some people swear by the traditional 25 year mortgage, meaning that your house will be completely paid off in a quarter of a century. But … [Read more...] about Beware of Longer Term Mortgages
Mortgages
How Much Down Payment?
In the old days, the question of how much you should put down for a down payment on a home was simple – ten percent. But these days, ten percent of a home’s value is a lot of money, and many homebuyers searching for their new home simply do not have that kind of money lying … [Read more...] about How Much Down Payment?
Fixed or Adjustable?
If you are looking for your first new home and are reviewing mortgage materials, you might be wondering if you should sign up for a fixed rate mortgage or an adjustable rate mortgage. Which one makes the most sense? A fixed rate mortgage means that your rates are fixed in place … [Read more...] about Fixed or Adjustable?
Time to Expose and Debunk Refinance Myths
Many times, what we know about refinancing (and mortgages in general) comes from what our family, friends, and coworkers are continually telling us. While it's a good idea to seek advice from people you trust, be careful to avoid outdated information and, more importantly, … [Read more...] about Time to Expose and Debunk Refinance Myths
Are You Eligible for a VA Mortgage?
If you or your spouse is a veteran, getting a VA mortgage is a great option to know more about, and it guarantees the lender 25% of the home loan (up to $104,250 of a maximum loan of $417,000) if you default. This guarantee makes it easier for you to find attractive financing … [Read more...] about Are You Eligible for a VA Mortgage?
Experience Homeownership with an FHA Loan
Purchasing a home loan is not always an easy feat, and people with lower incomes, including first-time homebuyers, often have a hard time getting approved for a home loan. So what are the options? For individuals who need a little extra help, an FHA loan might be the answer you … [Read more...] about Experience Homeownership with an FHA Loan