Securing a mortgage is a crucial step for first-time homebuyers. However, choosing a suitable home loan option depends on a variety of factors. Choosing from the wide range of financing options can be … [Read more...]
Investment Property Mortgages
Investment properties are real estate that homeowners purchase to generate income through rental income and/or appreciation. As a result, they require different types of mortgages when compared with … [Read more...]
Nine Florida Cities Rank in Top 100 U.S. Cities
What Florida homeowners have known for years is that Florida is a beautiful place to live. Rankings of the Best U.S. cities to live in have been released, and Florida cities have taken nine of the … [Read more...]
What Do Home Appraisers Look for to Determine the Value?
Home appraisers visit a home and draw up a report that is sent to the lender. A home appraisal is a neutral and professional assessment of a home's price. A mortgage lender typically uses the … [Read more...]
Can You Get a Mortgage While on Unemployment?
The economic turmoil of the last 18 months drove many people out of work, forcing them to put a hold on their plans, including their homebuying plans. However, by maintaining your finances and with … [Read more...]
Hottest Housing Markets: April 2021
The homebuying season has begun, and so far, the Midwest and Northeast Markets see the most success. The early success from these markets signals buyers are eager to purchase homes now rather than … [Read more...]
What Factors Determine Mortgage Rates?
When applying for a mortgage loan, it is beneficial for homeowners to understand the factors that affect mortgage rates. Some of these factors can be controlled by the homeowner, while others are out … [Read more...]
FHFA Refinance Program Could Save Homeowners Hundreds Every Month
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac will soon offer a new refinance program for low-income borrowers. Eligible borrowers will have access to a … [Read more...]
Why Homeowners Should Refinance Their Mortgage
Refinancing a mortgage is a process that involves paying off a current mortgage loan and replacing it with a new mortgage loan. While refinancing is a big decision, there are several reasons why … [Read more...]
What is Mortgage Escrow, and How Does it Work?
During the homebuying process, mortgage lenders may use the term "escrow" from time to time. Lenders can use the word "escrow" in several different contexts. However, they typically refer to escrow as … [Read more...]
