mortgage

confusing mortgage terms

Freddie and Fannie Who?! 13 Mortgage Terms You’ve Heard and May Not Understand

By Aly Yale / January 8, 2020
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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

Should You Consider Refinancing Your Mortgage? Read This To Find Out

By Aly Yale / May 9, 2019
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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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Conventional Loan

Get the Most Out of a Mortgage with a Conventional Loan

By Jon Clark / February 23, 2019
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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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what happens if a mortgage doesn't close on time

The Repercussions of a Mortgage Not Closing on Time

By Mary Mack / February 9, 2019
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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 with house in divorce

What to Do About Your Mortgage When You’re Getting Divorced

By Tim Coutis / January 24, 2019
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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

By Aly Yale / January 14, 2019
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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

By Jon Clark / November 18, 2018
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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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The Future of Pre-Qualifying for a Mortgage — It’s Now in One Text

By Mary Mack / November 16, 2018
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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…

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4 Must-Know Facts about Mortgage Points

By Jon Clark / November 7, 2018
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When you obtain a mortgage, your lender may charge “mortgage points.” What does this mean, and how can the concept be used to your advantage? A single mortgage point is equal to one percent of the total mortgage amount. For…

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why is my mortgage payment changing

Why Is My Mortgage Payment Changing?

By Aly Yale / October 23, 2018
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Your mortgage payment is typically consistent for a period of time. Due to a number of factors, though, that consistency can’t last forever. In fact, for most homeowners, their mortgage payment changes several times over the course of the loan…

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