mortgage
5 Times You Might Want to Use a 15-year Loan
The 30-year mortgage might be the most common, but it’s not always the best choice for every homebuyer. In fact, it’s often the most expensive mortgage you can go with — at least in the long term. Just consider, for…
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26 Real Estate and Mortgage Terms from A – Z
The home buying process is filled with all kinds of jargon and industry-specific real estate and mortgage terms. You’ll encounter acronyms like “APR,” “DTI,” and “LTV,” and new phrases like “escrow account” and “fixed-rate” can add confusion, too. Need help…
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Is Now a Good Time to Buy a House? 3 Experts Weigh In
Is now the right time to buy a home? That’s a question that’s plaguing many potential buyers’ thoughts. Mortgage rates are at historic lows, making the call to buy a first home, relocate, or upgrade one’s living arrangements quite appealing.…
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Freddie and Fannie Who?! 13 Mortgage Terms You’ve Heard and May Not Understand
The mortgage process can be pretty overwhelming — especially if it’s your first time around the block. In fact, according to a recent study from credit bureau TransUnion, a whopping 34% of first-time homebuyers aren’t familiar with a single mortgage…
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Should You Consider Refinancing Your Mortgage? Read This To Find Out
With mortgage rates dropping in the first quarter of the year, the number of homeowners refinancing has steadily climbed. And it’s no wonder why. Refinancing your mortgage can come with serious benefits. From lower interest rates and reduced monthly payments…
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Get the Most Out of a Mortgage with a Conventional Loan
When it comes time to purchase a home, there are many options from which buyers can choose to finance the cost of the home through a mortgage. At the time borrowers apply for a mortgage, their lender will provide them…
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The Repercussions of a Mortgage Not Closing on Time
Signing a purchase agreement for a home is an exciting day for both buyers and sellers. After possibly months of searching for the perfect home, buyers can breathe that first sigh of relief knowing what home they’re going to buy,…
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What to Do About Your Mortgage When You’re Getting Divorced
Divorce is never easy. Even for those couples with the best intentions, the division of property can become contentious. For couples who have a mortgage and are trying to decide what to do about the house, here are some options…
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The Truth About “Mattress Money” and Mortgage Applications
Do you have savings, but they’re not stowed away in a bank, credit union, or another type of financial institution? Then you might want to reconsider that move — especially if buying a home is on your radar. You see,…
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5 Things You Need to Know About Getting a Second Mortgage
Have you ever considered getting a second mortgage? If so, it’s important to answer the following questions: What is a second mortgage? What are the benefits of getting a second mortgage? What are the drawbacks of getting a second mortgage?…
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