Are you looking to buy a home but don’t know where to start? FHA loans are an excellent option for first-time homebuyers and those with limited funds. FHA loans offer low down payments, flexible credit requirements, and competitive interest rates. Plus, FHA loan benefits include lower closing costs than conventional mortgages and no prepayment penalties.[Read More]
Mortgage
Whether you're just starting your home buying journey or a current homeowner, explore current mortgage topics to help make wiser decisions.
What Is an FHA Loan?
FHA loans are often popular with first time homebuyers. These government backed loans are insured by the Federal Housing Authority (FHA). Compared to a conventional loan, FHA loans require a lower credit score and down payment. This makes them more attainable for potential homebuyers. There are a few options with FHA loans when it comes[Read More]
Millions Still Eligible for Massive Mortgage Savings
The ongoing pandemic has impacted every corner of society, from education to healthcare. Businesses have closed, leaving millions unemployed. A recent survey shows that 25% of U.S adults have lost their jobs due to the pandemic. However, there is a silver lining amidst the chaos. Mortgage rates are still at an all-time low. This has presented a rare[Read More]
Mortgage Refinancing Surges, but New Purchases Hit Low Inventory Wall
The pandemic has shaken the economy to its core. An estimated 31 million Americans were rendered jobless due to COVID-19. Despite the economic hardships, the real estate market has been surprisingly resilient. The historic low-interest rates drive this unexpected boom. This article examines why mortgage refinancing is outpacing new home purchases. Why More Homeowners Are Refinancing Mortgage[Read More]
Real Estate Investing for Beginners: How to Get a for a Duplex
The Duplex Route: Maximizing Investment Potential And Passive Income Generation What Is a Passive Income Generator? A Passive Income Generator, or PIG, is a means of getting money without active measures. Many different PIGs are out there, but real estate has some of the most lucrative options in this area. Essentially, you acquire a property,[Read More]
Should Military Veterans Use Their VA Loan Benefit?
There’s A Simple Answer In a nutshell, the answer to this question is: yes, when the time is right. What is your personal situation? Are you in a position to purchase a property? The VA loan benefit can make it so you aren’t penalized for paying it off early; you can get to a point[Read More]
How Do You Get the Lowest Mortgage Rate?
Saving On Your Overall Mortgage Cost A mortgage with a high interest rate can end up costing almost twice the value of the property over thirty or forty years. While you’re building equity the whole while, there are ways to save. Also, it’s wise to get a mortgage paid off as swiftly as it’s feasibly,[Read More]
Mortgage Rates Just Dropped! Now Might be the Time to Purchase or Refi
If you’ve been putting off finally applying for and taking out a mortgage on a new home, now may finally be the perfect time to do so. While the future of home prices is always in flux, the current mortgage rates just dropped to the lowest point in almost two years, making it the most[Read More]
It may be easier than you think to secure a mortgage for your next house or to refi your existing one
The Rules Of The Game Are Always Changing Here’s the truth: what it takes to get a house today, and what it took to get a house before the sub-prime lending crisis led to economic meltdown in 2008, isn’t quite the same. However, in the eleven years since that happened, there have been shifts across[Read More]
Should You Get a Mortgage from an Online Lender or a Big Bank?
Owning your own home is one of life’s greatest joys. Mortgages make the ownership process easier because the option of buying a house outright is out of reach for most. Choosing a mortgage lender can be an overwhelming process. Between online lenders and big banks, which option gives you better terms? Big Banks are Not[Read More]