The best thing someone can do for their future is to prepare for it now. This is especially true for the aspiring homeowner who needs to lay the foundation for buying the home of their dreams. If you're thinking of buying a home, getting... Continue reading
Financing your home through a mortgage can often seem like a stressful and intimidating process. However, you can make the mortgage process seem a bit easier by educating yourself on the following five aspects of mortgage loans. 1. Your Credit Score One of the... Continue reading
A reverse mortgage can be a great option for older homeowners looking to stay in their home, get rid of monthly mortgage payments, obtain an extra source of income, or a combination of the above. Here is a guide explaining how reverse mortgages work and... Continue reading
If you're facing financial hardships and are worried about the bank foreclosing on your home, there are several mortgage relief options that you can consider to help you avoid foreclosure. Ways to Stay In Your Home Potential options to stay in your home and... Continue reading
Buying a home and getting a mortgage loan can be a challenging experience, especially for first-time homeowners. The initial down payment, closing costs, and mortgage rates all have large price tags attached and are full of minute details that can be missed by the... Continue reading
You want to get your mortgage rate as low as possible. With the constant market changes, however, it's important to understand exactly what determines it. Below are a few key factors that help influence your mortgage rate. Credit Score and Other Finances Your personal... Continue reading
Going over your mortgage can sometimes feel like reading a foreign language. Indeed, the industry is full of acronyms and terms which may not be easy to understand the first time around. Below are some of the most common terminologies you'll hear in relation... Continue reading
Fannie Mae and Freddie Mac are operations sponsored by Congress that are crucial to the mortgage industry. These private-owned corporations buy mortgages from lenders and sell to investors. This helps provide stability, liquidity and affordability to the market. Essentially, they set the standard for... Continue reading
There are several projects homeowners can take on to increase both their property's value and enjoyment. Here are a few modifications you can make to improve your home's resale value. Add New Appliances Technology is constantly evolving. Many homeowners now use smart devices for... Continue reading
Tax deductions can help by lowering the amount of taxable income you have to pay on. Tax deductions can help by lowering the amount of taxable income you have to pay on. If you're a homeowner with a mortgage, a mortgage interest deduction could... Continue reading
Your loan officer will ensure all your financial statements are accurate and the necessary paperwork is ready for closing. Closing on your home is an exciting time that is the culmination and celebration of months of hard work. However, home ownership doesn't end at... Continue reading
Mortgage Default document Even if you're a financially savvy individual, life can always throw you a serious curveball. Layoffs, unexpected illnesses, losing a loved one: there are any number of life events that can lead to financial uncertainty. If such unfortunate circumstances have befallen... Continue reading
Close-up shot of a VA loan Millions of Americans are eligible for home financing with a VA home loan. If you've served, or are currently serving, in the U.S. Army, Navy, Marine Corps, Air Force or Coast Guard, your nation thanks you by... Continue reading
The home buying process can certainly be a long and involved journey. There are many moving parts and boxes to check. In a sense, it's almost like buying a car. There is shopping around to do, loan rates to secure, and value to assess. If... Continue reading
Currently, it's a seller's market, so many houses are selling at prices that are significantly above market value. This can be quite advantageous for current homeowners looking to sell or refinance their home. Refinancing, in particular, is a great option to take as it... Continue reading
