mortgage

Understanding Your Mortgage Quote

Understanding Your Mortgage Quote

By John Chiappetta / May 24, 2023
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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

How to Know If You Are a Good Candidate for a Mortgage Loan

By John Chiappetta / May 10, 2023
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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

Breaking It Down: Understanding Your Home Closing Costs

By Embrace Home Loans Staff / January 25, 2023
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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

By Embrace Home Loans Staff / May 25, 2022
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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

4 Ways to Research Mortgage Lender Options

By Aly Yale / May 20, 2022
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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

5 Times You Might Want to Use a 15-year Loan

By Aly Yale / March 17, 2021
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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

26 Real Estate and Mortgage Terms from A – Z

By Aly Yale / January 27, 2021
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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 a Good Time to Buy a House? 3 Experts Weigh In

By Embrace Home Loans Staff / October 28, 2020
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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

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

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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