When looking to purchase a home, you will realize you have many decisions to make. First, you must decide on a mortgage lender and loan that suits your financial circumstances. One major decision is … [Read more...]
Pros and Cons of a Variable-Rate Mortgage
A variable-rate mortgage, or an Adjustable Rate mortgage (ARM), is a home loan with a fixed period in which the initial interest rate remains the same for three to ten years, followed by yearly … [Read more...]
Mortgage Basics for First-Time Homebuyers
Securing a mortgage is a crucial step for first-time homebuyers. However, choosing a suitable home loan option depends on various factors. Choosing from a wide range of financing options can be … [Read more...]
PITI: 4 Components of a Mortgage Payment
PITI is an acronym for the four components of a mortgage payment: Principal, Interest, Taxes, and Insurance. When evaluating a homebuyer's maximum mortgage loan eligibility, lenders consider these … [Read more...]
What is Mortgage Escrow, and How Does it Work?
During the home buying 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 … [Read more...]
What You Need to Know About Adjustable-Rate Mortgages
While looking for a home, one of the most important factors during the homebuying process is determining which mortgage loan will work best for your financial circumstance. One of your options is an … [Read more...]
Buy or Refinance a Home, Roll Renovation Costs into an FHA 203(k) Home Loan
An FHA 203(k) home loan is backed by the U.S. Federal Housing Administration and allows a borrower to take out a loan for two purposes; home improvements and home purchases, if the home will be the … [Read more...]
Freddie Mac’s HomeOne Mortgage: 3% Down, Fewer Restrictions
Finding the right mortgage product can be difficult, especially if you’re a first-time buyer. In fact, it’s easy to become disillusioned with the idea of buying a property, or thinking you’ll never be … [Read more...]
Buydown Mortgages May Become More Popular as Interest Rates Rise
According to a CNBC report published on January 7th, 2019, buydown mortgages may begin to increase as mortgage interest rates in the U.S. go up. Although it’s been an uncommon buying strategy over the … [Read more...]
Seven Major Types of Mortgages You Should Understand
Purchasing real estate can be one of the largest financial decisions one makes. Knowing the options and different types of mortgage loans can help a home buyer feel confident about purchasing. There … [Read more...]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 8
- Next Page »