When you take out a mortgage loan, your lender puts a lot of trust in you to repay the loan. Lenders can do this because they do thorough financial background checks on borrowers before agreeing to lend money. Your interest rate will be based on how credi
Jan 01, 2020 | Refinancing a Home Preapproval Credit Purchasing a Home
You think you understand how much your mortgage payment is going to be and then your first bill comes. There seems to be more included in your payment than you expected. What are all the fees in your monthly mortgage bill? Mortgage Principal Your mortga
Dec 18, 2019 | Purchasing a Home
Mortgage loans made by the Federal Housing Administration can be a huge help to homebuyers without a large down payment. FHA loans require down payments of as little as 3.5%. Traditional loans often require 20%. Yet FHA mortgages come with some strings at
Dec 04, 2019 | Government Loans FHA Loans
Forgoing an Agent Some homebuyers think they can navigate the buying waters alone, but as complex as the real estate market is today, that strategy is risky. One of your first steps should be to find a trusted real estate professional who will represen
Nov 06, 2019 | Purchasing a Home
If you are a veteran or a servicemember, you are probably well aware of VA mortgage loans. These loans offer excellent benefits, including no down payment or credit score requirements as well as allowing borrowers to forgo mortgage insurance premiums.&nbs
Oct 24, 2019 | Purchasing a Home Government Loans VA Loans
Mortgage interest rates have tumbled in recent months, making refinancing more appealing than ever. As of the latest Mortgage Bankers Association survey, refinance request volume is up 180% over last year. There may be some homeowners who would like to ta
Oct 09, 2019 | Credit Refinancing a Home