Tag: Mortgage

Posted on 07/17/2022

How long does it take to buy a house? Major factors to consider

If you’re interested in purchasing property, you might be wondering, “how long does it take to buy a house?” Home buying is a lengthy process even when everything goes smoothly, and can easily become longer and more complicated with every potential hiccup. To help you better prepare for the process and save time, here are some key tips...

Home Buying

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Posted on 11/28/2021

Assistance Programs to Get You in Your New Home

Image by Tumisu from Pixabay If you’re in the market for a new home, chances are you’ve been evaluating your finances. As a first-time homebuyer, there are programs in place to help with the down payment. According to the December 2019 Realtor Index Confidence Survey, first-time homebuyers accounted for 31% of all sales, and 77% put down less...

Financing

Mortgage

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Posted on 10/25/2020

Home Financing - PMI and Down Payments

Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...

PMI

Mortgage

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Posted on 09/06/2020

Common Loan Terms of the Jumbo Mortgage

Photo by Peggy und Marco Lachmann-Anke via Pixabay A jumbo mortgage refers to a high-priced loan, usually meant for a luxury property. And while this loan may have once been reserved for the millionaire investors of the world, it may not be as exclusive as you think. If you're interested in what it takes to apply, it helps...

Mortgage

Jumbo Loan

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Posted on 04/26/2020

Great Mortgage Options to Consider

Photo by Mastersenaiper via Pixabay When it comes to financing your home, you have a several mortgage options available. Each type of mortgage offers different advantages, so be sure to do research before applying. Below are some of the most popular types of mortgages borrowers may consider. Conventional Loans A conventional loan is a mortgage not insured by...

Mortgage

FHA Loans

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Posted on 03/22/2020

How Credit can Impact Your Mortgage Payments

Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...

Credit Score

Home Interest Rates

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Posted on 11/03/2019

What Mortgage Lenders Will Ask About Your Income

The process of applying for a mortgage is tedious and time-consuming; it requires you to answer personal questions about your finances. To ascertain your credibility for a mortgage, lenders structured the application process in such a way that allows them to get as much information about borrowers either directly or indirectly. Before you decide to apply for a...

Homebuyers

Mortgage

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