As you’re buying/selling a home, you may hear the advice to build equity. But what does this mean? First, let’s go over the term equity. Equity is the difference between your property’s fair market value (FMV) and your outstanding balance on your mortgage. Home equity appreciates when you make ... » Learn More about How To Build Equity
Finance
Types of Home Loans
Of course you know there are different types of home loans. It’s important to know your options so you can find a mortgage loan that fits your lifestyle and requirements. I thought it would be good to go over the different types. 30-year fixed-rate mortgage – this is the most common ... » Learn More about Types of Home Loans
Five Mortgage Myths
There can be a lot of misinformation around about mortgages. Below are five myths borrowers often hear. 1. You need to save 20% of a home’s listing price for a down payment. In reality, this percentage will vary — work with your lender to find out a more accurate estimate! 2. You don’t ... » Learn More about Five Mortgage Myths
