When market interest rates are lower than your current mortgage rate, it often makes sense to refinance into a new home loan to take advantage of the savings from lower interest. However, you don’t actually start saving money from day one, thanks to the c
Apr 20, 2023 | Refinancing a Home
There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mortgage is a home loan where the buyer legally takes over
Apr 18, 2023 | Purchasing a Home VA Loans FHA Loans
As you go through the mortgage process, you may encounter the acronym PITI in some of your documents. No, this does not mean your mortgage company is taking “pity” on you and giving you a discount. It is simply a term that includes all the components (pri
Apr 13, 2023 | Mortgage Basics
As you begin the process to get a new mortgage, whether for a home purchase or a refinance loan, your lender will order an appraisal for the property to determine how much it is worth. That valuation will play a large part in your overall mortgage plan. I
Apr 11, 2023 | Mortgage Basics
Your home is probably one of your most valuable assets, especially if you’ve been there for many years. As you near retirement age, you may ask yourself, would it be better to stay in my house as long as possible or to sell it and rent once I retire
Apr 06, 2023 | Reverse Mortgage Lifestyle
According to a recent survey, almost a quarter of millennials and Gen Z homeowners said their parents had given them money in the past year to help with rent or mortgage payments. That’s not hard to understand considering how skyrocketing inflation
Apr 04, 2023 | Lifestyle
