mortgage
Understanding Your Mortgage Quote
Buying a home is a significant financial commitment, and understanding your mortgage quote is crucial to avoid surprises down the line. Your lender will provide a mortgage quote based on various factors, and being aware of these elements can help…
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How to Know If You Are a Good Candidate for a Mortgage Loan
For a first-time buyer, the thought of applying for a mortgage loan can be daunting. Will you qualify? What sort of rate will you get? What type of mortgage should you apply for? Are you even a good candidate in…
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Breaking It Down: Understanding Your Home Closing Costs
When you’re a first-time homebuyer, the entire concept of closing costs may be elusive and intimidating. You know they’re coming, but you have no idea what to expect. Luckily, a little knowledge can go a long way. Fees for loan…
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The Repercussions of a Mortgage Not Closing on Time
You’ve worked hard for years, saved up the down payment, and have finally found your perfect dream home. And now that you have your offer accepted and are in escrow, you’re ready to sign on the dotted line and close…
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4 Ways to Research Mortgage Lender Options
Choosing the right mortgage lender is critical — whether you’re buying a house or refinancing an existing one. Your choice will not only influence the loan options and interest rate you get but also how quickly you close and the…
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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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