Considering Mortgage Refinancing Rates: When Is It Worth It?
The process of refinancing a mortgage means a person pays off their existing loan and replaces it with a new one. There are several reasons a person may want to refinance a home loan. Some of the most common reasons people consider doing this is to get a lower interest rate, to shorten the term […]
Mortgage Pre-approval vs. Pre-qualification: Learn the Difference Before Shopping for a Home
Hopeful first-time home-buyers need to take their time as they select their home. The excitement of becoming a homeowner can cause people to rush the process and make mistakes. Rather than starting by browsing homes, it makes more sense for buyers to make certain they have the credit scores and income needed to buy a […]
Common Mortgage Questions Answered
Mortgages are complicated, but homebuyers need to know about their options. That’s why it’s a good idea to get those pressing Mortgage Questions Answered before looking for a lender. Read on to find answers to some of the most frequently asked questions about home mortgages. What Factors Influence Loan Qualification? Several factors influence whether a […]
The Ins and Outs of VA Loans
Veteran Affairs (VA) loans is an excellent way of giving back to the brave soldiers who serve and protect the United States of America. A VA loan can help you secure a home for your family with a borrower-friendly, competitive interest rate. There is no limit of compensation that can sufficiently equate to the sacrifice […]
First Rate Cut in More Than A Decade!
Last week, The Federal Reserve lowered its benchmark interest rate for the first time since 2008 — a decision which led analysts to believe that this would be the beginning of a new cycle of rate cuts to strengthen the U.S. economy amid slowing global growth. In a press conference Wednesday following the announcement of […]
First Time Home-buyer Mistakes to Avoid
A first-time home purchase can be exciting and a demanding process. To help you avoid some of the pitfalls along the way we have a few pointers. We’re here to help keep the dream of ownership from starting with a nightmare. First and foremost, you should have a clear budget. Before purchasing, conduct a full […]
Rates Plummet… Savings Soar!
Mortgage rates are falling dramatically, which means millions more homeowners can now find benefit in refinancing their loans. The average rate on the popular 30-year fixed has fallen from a recent high of 4.23% on May 21 to 3.94% now, according to Mortgage News Daily. Investors are rushing to the safety of the bond market due […]
How To Cut Down the Term of Your Loan
Mortgage payments are one of the recurring monthly financial obligations that eat up a chunk of your savings. While purchasing a new home is a dream come true to many first-time property owners, it is also critical to give critical thought to the ensuing payment schedule if you’re looking for alternative ways to reduce […]
How to apply for a mortgage in 2018
How to Apply for a Mortgage: What to Know and Which One to Choose Did you always dream that you’d be renting an apartment forever? We doubt it! There is nothing quite like owning your own home. It’s yours, to live in as you want and style as you wish. You should be proud of […]
Start your loan BEFORE you search for your home
Buying a home is a very big and important step and it should not be taken lightly. It is one of the biggest financial steps a person will ever take, especially if they are first-time buyers. After years of renting, many decide it is time to buy, time to invest their money in their own […]
