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 | Mortgage Basics 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 mort
Dec 18, 2019 | Mortgage Basics Refinancing a Home Purchasing a Home Credit
Buying a home can be an overwhelming process, especially if it is your first time. It can be easy to get swept along in the process without stopping to make sure you are getting the best deal on your mortgage payment. There are at least six ways to ensur
Dec 11, 2019 | Mortgage Basics Homeowner Tips Refinancing 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 | FHA Loans Homeowner Tips Refinancing a Home
Once you’ve put an offer on a home, the excitement sets in and you can’t wait to close. But there are some important things that need to take place before that day, namely a home inspection. You cannot see all a home’s issues from a walk
Nov 27, 2019 | Purchasing a Home
Fannie Mae and Freddie Mac Conventional Loan Limit Will Increase to $510,400 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie
Nov 26, 2019 | Conventional Loans Mortgage News
