loan

15 vs 30

Finding the mortgage that is best for you, best for your family, and best for your unique situation can take a little time (and a little research). So we decided to get down to the basics on the differences between short-term and long-term loan options. If you have any experience in the world of home-buying [...]

15 vs 302020-09-28T15:14:20+00:00

The Reverse Mortgage

If you are considering a reverse mortgage, there are a few key things to consider before taking the plunge. Like any financial undertaking, it is important to ponder these decisions. First, we should start with what a reverse mortgage actually is. Essentially, it is a type of home loan that allows you to turn the [...]

The Reverse Mortgage2020-09-28T15:14:20+00:00

First Step: getting pre-approved for a loan

If you are actively searching for a home, there is one thing that absolutely must be on the top of your “to do” list. Pre-approval. It is a (conditional) written commitment from your mortgage lender that states the loan amount you are approved for. Pre-approval should not be confused with a pre-qualification on a loan, [...]

First Step: getting pre-approved for a loan2020-09-28T15:14:21+00:00

FHA Lowers Insurance Premium: what that means for your loan

We shared the news a bit earlier this week—The Federal Housing Administration (FHA) is set to cut their insurance premium. The FHA is an organization that does not actually provide loans, but provides insurance that protects lenders. This is to ensure lenders (ie- a mortgage company) has some measure of protection if a borrower runs [...]

FHA Lowers Insurance Premium: what that means for your loan2020-09-28T15:14:21+00:00

Refinancing: is it right for you?

Refinancing. That’s a term you regularly hear thrown around in the mortgage industry. It is, in fact, exactly what it sounds like- replacing your current mortgage with a new one. While there are a variety of reasons that lead people to refinance, these are some of the most common: The first is to lower your [...]

Refinancing: is it right for you?2020-09-28T15:14:21+00:00

So, You’re A 1st Time Home Buyer

Top Tips for First Time Home Buyers You’re on the hunt for your first home. It is an exciting milestone in your life. Not to mention one of the largest financial decisions you may ever make. Don’t fall into the “rookie” home-buyer category. Our advice? The more you know about the process, the easier (and [...]

So, You’re A 1st Time Home Buyer2020-09-28T15:14:21+00:00
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