The Dangers Of A Loan Modification
If you’ve ever been significantly behind on a mortgage then you’ve probably been offered a loan modification by your mortgage servicer. They tell you that it will lower your monthly payments and stop phone calls demanding immediate payment of your mortgage. It’s true, a loan modification can make your monthly housing payment more affordable. But […]
Factors to Consider when Searching for a Loan
With several different loan products available, you want to choose an honest lender, that holds strong principles to work with to help find the program that fits ideal with that borrower. When working with a reliable mortgage lender, like Fellowship, we will use certain metrics and indicators to find the ideal fit loan for YOU. […]
PURCHASE OR REFINANCE AFTER FORECLOSURE
Since Fellowship Home Loans is a faith based lender, we take a different approach to the mortgage process. Whether you are refinancing, purchasing or just trying to educate yourself we are here to help in any way we can. Which brings me to the topic I would like to discuss with you. Many times, in […]
The Pros and Cons of VA Home Loans
What are VA loans? What are pros and cons? With so many mortgage products available on the market, the Veteran’s Affairs have developed a specific type of loan designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).The VA loan program offers advantages to our active military […]
The 3 “C’s” to understanding Home Loans
Individuals don’t purchase a home every day. Although people move more frequently now than they did in the past, obtaining a mortgage is still a complicated process and one that many don’t fully understand. For first-time home buyers, the process may seem so overwhelming they are ready to give up. This doesn’t need to be […]
Four Tax Deductible Closing Costs to Save You Money
Everyone has heard about the dreaded closing costs when purchasing or refinancing a home. You’re considering how much to put down on the house, figure out your numbers and then remember those lingering closing costs and have to rethink and factor those into the equation.
How to Get the Best Mortgage Rate in 2017
With Trump soon to enter office and anticipated interest rate increases, you’ve probably heard that many things are about to change… including mortgage rates. Well, there’s still a way you can get the ideal mortgage rate in 2017! There’s many different strategies and things to consider when buying a house is on the line. We […]
How to Apply for a Mortgage
Honestly now, did you always dream that you’d be renting an apartment forever? There is nothing quite like the feeling of owning your own home. It’s yours, to live in as you want and style as you please. You should be proud of the hard work and money you put into your dream home. But […]
How To Cut Down the Term of Your Loan
In an ideal world, paying off your mortgage would be quick and easy. But unfortunately for most of us it’s going to take years, and the ideal is getting it paid off before retirement. There’s many tips out there for mortgage payment help that urge you to do one thing or another. But there’s an […]
10 Mortgage Lender Tips for Homeowners
For current and potential home buyers in 2016 With the economy continuing to improve and mortgage interest rates sitting near record lows, 2016 is an attractive year for home buyers. The expected near-term rise in interest rates has also added a sense of urgency. We’ve put together these tips to help buyers in their decision-making […]
