Tag: Mortgage

Posted on 05/10/2023
VA Loans: Major Benefits to Consider
The U.S. Department of Veterans Affairs has helped countless veterans finance their home ownership goals. While you have the choice of a conventional loan offered by other mortgage lenders, there are some significant benefits to VA loans. Here are some of the most important advantages to consider: No Down Payment The most famous benefit of VA loans is...
Loan Beneftis
Loans
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Posted on 08/24/2022
Home refi: Refinance costs to consider
Refinancing your home can have major benefits: a lower monthly payment, cash use of home equity for a variety of purposes, generate more appetizing mortgage terms, etc. However, there are a few things to remember when entering into a mortgage refinance, like refinance cost. Here are a couple of cost options to remember when you’re ready to refinance...
Costs Of Refinance
Home Finance
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Posted on 05/05/2021
Should Interest Rates Influence When You Buy?
Photo by Doubletree Studio via Shutterstock Interest rates rise in correlation to inflation and other economic activity. When that happens, it can increase housing costs. But the question is, should it prompt you to buy sooner than you’re ready? The Right Time Is Now In real estate, the right time is always now for someone. Is it the...
Interest Rates
Mortgage
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Posted on 05/06/2020
PMI and Down Payments
Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...
PMI
Mortgage
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Posted on 09/11/2019
Tips For Successful Mortgage Closing
Pick a date The best time to set a closing date is at the end of the month as interest at the table is at its lowest then, and you'll want to pick a closing date around the same time your current lease is set to lapse. Take your time The conclusion of the closing means you have...
Mortgage
Homebuyers
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Posted on 08/07/2019
Mortgage Type - What Does That Mean?
Multiple options are available when it comes to real estate loans. Figuring out which one you need can be disconcerting, to say the least. So, if you’re new to the game, here’s a quick guide to help you along. Standard Mortgages: Conventional – Loans that fall within the FNMA/FHLMC (Fannie Mae/Freddie Mac) guidelines where the Federal government is...
Mortgage
Real Estate
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Posted on 06/26/2019
What Are The Benefits of a Mortgage Pre-Qualification vs. Pre-Approval?
Securing mortgage pre-qualification and pre-approval are two crucial steps which assure lenders that you will be able to afford payments. Pre-qualification and pre-approval are quite different, but they do share numerous benefits. As you get ready to finance a new home, you have probably come across mortgage pre-approval, mortgage pre-qualification, or even both of them. So what does...
Preapproved
Prequalification
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