Tag: Mortgage

Posted on 01/22/2024

How to Know if You're Eligible for a VA Loan

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

Active Duty

Eligibility

+ 8 more

Posted on 08/21/2023

What is the mortgage, anyway?

For many, the concept of buying property seems completely...

Home Mortgage

Basics

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Posted on 08/14/2023

Understanding the fixed rate mortgage definition

To choose the right mortgage loan, it’s important to...

Fixed Rate Mortgage

Adjustable Rate Mortgage

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Posted on 01/02/2023

How mortgage works: Nuances to know

Getting a mortgage is a major part of the homebuying...

Home Mortgage

Monthly Mortgage Payments

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Posted on 10/31/2022

3 Reasons to consider refinancing your mortgage

Homeowners refinance their mortgages for an assortment of reasons. Some reasons center around strictly wanting to pay off their homes faster and at better interest rates, while others may fall along practical life events or emergencies. If you find yourself asking, “should I refinance my mortgage,” try checking off a few boxes to help come to a decision....

Home Finance

Home Loans

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Posted on 12/06/2021

5 Ways Sellers Can Reduce Their Risk When Offering Financing

Seller financing is an excellent option for some property buyers and sellers. However, no matter the type of financing the seller offers, they are taking on a sizable amount of risk. Underwriting and supplementing a mortgage means dealing with the consequences if the buyer defaults on the loan. This is one reason many sellers hesitate to offer financing....

Financing

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Posted on 03/15/2021

Things to Remember about Missed Mortgage Payments

Photo by: NeONBRAND via Unsplash Missing a mortgage payment is not the end of the world. Many lenders are more than ready to work out a payment plan if you’re going through a rough patch or budgetary crisis. However, you may end up doing more harm than good to your credit and home ownership if you don’t contact...

Mortgage

Personal Finance

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Posted on 02/22/2021

Choosing the Right Mortgage Type

Photo by Alexander Stein via PixabayWhen it comes to a mortgage, most of us think of the same standard product; the 15 or 30 year conventional mortgage offered by banks and lenders. This is not the only mortgage option you have, though. Depending on your personal history and circumstances you may qualify for an attractive mortgage with lower...

Mortgage

Loans

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Posted on 02/15/2021

Types of Mortgages for Home Buyers

Photo by TheDigitalWay via Pixabay Looking to buy your first home? Unless you have a couple hundred thousand in the bank, a rich family member or a winning lottery ticket, you’re going to have to borrow money. TV ads suggest it’s as easy as clicking your phone, and in some cases it might be, but you should know...

Mortgage

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Posted on 08/24/2020

Home Buying Journey: Start with Your Loan

Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...

Mortgage

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