Overall, mortgage applications dropped by about 1% last month. But that’s not a bad thing for markets and not surprising; historically, mortgage applications vary from season to season, and when you … [Read more...]
Is it Easier to Get a Mortgage Today?
Housing markets have improved substantially in 2015. Existing homes sales are on the rise and closing numbers are up. On the consumer side, things are looking good for homebuyers with mortgage … [Read more...]
The Return of Interest-Only Mortgages
News reports are again circulating about interest-only home loans, so we thought it was time to update you about the resurgence of this loan product. Several years ago, during the housing crash, … [Read more...]
How Much Can You Afford to Spend on a Home?
Deciding how much to spend on a home is a very personal decision. From a mortgage perspective, you will qualify to borrow up to a maximum amount. But from a personal perspective, borrowing the maximum … [Read more...]
Understand Your Mortgage Amortization Schedule and Save Money
As homeowners begin to make payments on their mortgage, their home loan begins to mature, a process known as amortization. With an amortization schedule, homeowners will know exactly how much money is … [Read more...]
What are the Costs of Buying a House and Getting a Mortgage?
When people think about buying a home and getting a mortgage, they often think about the monthly payment and down payment. But there are more costs involved with buying a home, which homebuyers need … [Read more...]
Pros and Cons of a Fixed-Rate Mortgage
There are several different things to consider when getting a mortgage, including whether you want a fixed-rate mortgage or adjustable rate mortgage. In the end, most people will decide that a … [Read more...]
Basics of Getting a Mortgage
It's awesome to dream about owning a new home. But when it comes time to getting a Realtor and making appointments to view prospective properties, it's serious work. When seeking to buy a home, the … [Read more...]
Importance of a Home Mortgage
It’s a very exciting moment any time someone purchases a home. It’s a big undertaking, but it is a happy one too. For homebuyers, it's a dream come true. And for Realtors, it's a chance to help a … [Read more...]
Conventional Mortgage, 5% Down Payment, 100% from Gift Funds
See this flyer for one of the most popular loan products for homebuyers. This product is a conventional loan, which allows for a 5% down payment which can be satisfied 100% from gift funds. There … [Read more...]
