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 […]
Mortgage
Whether you're just starting your home buying journey or a current homeowner, explore current mortgage topics to help make wiser decisions.
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 […]
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 […]
When Does It Make Sense to Refinance Your Mortgage?
Only a small percentage of Americans owned homes, until what you know today as mortgages came into existence in the early 1930s. However, the very thing that has become the embodiment of the American dream can sometimes source distress if managed poorly. Although the number of foreclosures is at an all-time low of just 0.47%, […]
Disturbing Trend as Credit Scores Decline for Homebuyers Seeking FHA Mortgage
The housing crisis of the late mid to late 2000s pushed the financial situation of the United States into a tailspin. Combined with the crash of the stock market and a number of bubbles bursting, that was one of the worst financial situations to ever hit the country in its history. While the housing market […]
A New Bank Just Took Over My Mortgage, Now What?
Mortgage lenders sell loans for a variety of reasons. Even though your mortgage changes hands, it doesn’t change the terms of your loan or how you will pay it back. The transaction takes place between the two lending agencies. You are basically just along for the ride. While they have to inform you of what […]
What Is HELOC and How Do I Use It? (Home Equity Line of Credit)
Your home is one of the most important investments you will ever make. From the minute you purchase your home, you begin to build its value. In the beginning, most of the value is held by the lending institution but as time passes, your equity will begin to increase. It’s important to know what equity […]
The Pros and Cons of Living in an HOA
If you’re not careful, an HOA (homeowners association) can feel more like a nightmare than a perk. As a homeowner, you’re already paying a mortgage and taxes. For some, an HOA fee might seem like an added stress or unnecessary expense. However, HOAs wouldn’t be so prevalent if they didn’t actually come with some cool […]
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 […]
How Some Teachers Are Buying Homes for 50% Off
We highlighted a few special down payment programs available for teachers recently, but did you know that some teachers are buying their homes for up to 50% off? Before you call “BS”, understand that you’re not the only one who hasn’t heard about this yet. Most teachers aren’t aware of these discount home buying programs, […]