Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the financial benefits that come with rising home equity. However, not every purchaser has been able to fulfill their desire for a ... » Learn More about Buying a Home Just Got Easier
Mortgage
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
What Credit Score Do You Need for a Mortgage?
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. Lending standards have tightened recently, and many are concerned over whether or not their credit score is strong enough. Stricter lending standards could ... » Learn More about What Credit Score Do You Need for a Mortgage?
Everything You Should Know About Mortgage Forbearance
Source: RIS MEDIA (TNS)— More than 3.4 million Americans are in mortgage forbearance plans, which allows them to pause payments for a month to as long as a year. As the coronavirus pandemic continues to jolt the economy, more people will face financial difficulty, including how to pay their ... » Learn More about Everything You Should Know About Mortgage Forbearance
