Did you know that over 80% of Americans are in some form of debt? Mortgages are by far the most popular type of liability. Depending on the type of product you find, a mortgage can either be a smart investment or a massive cash hole. So, how do you find the right...
While some homebuyers might opt to purchase a property outright in cash, almost everyone finances the purchase by obtaining a mortgage from a lender. One of the most important aspects of looking for your new home is determining what type of mortgage is right for you....
If you’re wondering what the difference between a jumbo vs conventional mortgage is, you’ve come to the right place. We’ve rounded up the pros and cons of each and the key differences between the two. Choosing the right mortgage could be the difference between saving...
When you decide to buy your first home, it’s an important step in your life. This decision will affect you and your family for years to come. Buying a home isn’t like renting an apartment. After 12 months, you don’t have the option of terminating...
USDA loan requirements are tailor-made for borrowers who don’t have the best credit or income. What is a USDA loan? It’s a loan designed for borrowers who want to purchase a rural property. This program is for applicants who struggle with low credit...
In the past, there were very few different ways that people could buy a home. The process was very specific. If you couldn’t meet the requirements, you simply had to wait to buy a home until you could meet the strict requirements for a mortgage. But today, there...
Most people prefer 30-year fixed-rate mortgages over any other options. Do these loans offer the best rates, though? As you start preparing to buy a house, you must work on is getting a home loan. You can get a loan through a mortgage lender or broker, but it’s...
Many people spend years dreaming of owning their own home, but feel it’s out of their grasp. Homes cost hundreds of thousands of dollars, but you can get a mortgage that allows you to borrow against the value of the home. There are many types of mortgage loans...
Homeownership is not for the faint of heart. Or the ill-prepared! According to the Federal Housing Finance Agency (FHFA), house prices increased to the tune of 11% between November 2019 and November 2020. By all accounts, it’s a seller’s market out there....
Are you considering a million-dollar dream home? If so, consider a jumbo loan to finance your luxury home. What is a jumbo loan? A jumbo loan is a mortgage with a higher borrowing limit than conforming loans. Jumbo loans can be fixed or variable loans. The states...
