mortgage

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 financing option whatsoever. Another two-thirds of first-timers don't know who Fannie Mae and Freddie [...]

By |2020-01-08T10:37:29-05:00January 8th, 2020|Categories: Education, Mortgage|Tags: , , |

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 to faster repayment periods and access to quick cash, the advantages are many if [...]

By |2019-09-05T14:35:24-04:00May 9th, 2019|Categories: Financial, Mortgage, Refinance|Tags: , |

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, at what price, and on what date. It's the first time buyers can start [...]

By |2019-10-04T01:20:50-04:00February 9th, 2019|Categories: Mortgage, Purchase|Tags: , , |

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 to consider. Sell the Marital Home If neither you or your spouse can afford to [...]

By |2019-04-08T16:54:01-04:00January 24th, 2019|Categories: Misc, Refinance|Tags: , , |

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, even with thousands saved, "mattress money" won't help you much when applying for a mortgage [...]

By |2019-04-08T16:54:15-04:00January 14th, 2019|Categories: Financial, Mortgage|Tags: , , , |

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? Why do people obtain a second mortgage? In this article, we'll answer all of [...]

By |2019-08-18T19:14:03-04:00November 18th, 2018|Categories: Mortgage, Purchase|Tags: , |

The Future of Pre-Qualifying for a Mortgage — It’s Now in One Text

Doesn’t it seem like the first step in accomplishing almost anything is always the hardest? That common paralysis happens to people all the time in a variety of circumstances, especially when decisions can be life-changing. One of those big events under the “life-changing” category? Buying or refinancing a home — something Embrace has a lot [...]

By |2018-11-16T11:47:14-05:00November 16th, 2018|Categories: Company, Purchase, Refinance, Technology|Tags: , , , , , , , , |