One of the most important financial considerations of buying a new home is the interest rate paid on the mortgage. Over time, a higher interest rate can add thousands of dollars to the true cost of buying the home. When interest rates are low or steady buyers have greater confidence that they will ... » Learn More about Locking In The Mortgage Rate
Mortgage
Why a 20% Down Payment Works Well
If you’re planning to buy a new home, you may be wondering about the down payment. Loan programs require down payments as low as 3.5% for FHA loans and there are conventional loans offering as low as 5%. While you have a lot of options, there are three strong benefits to making a 20% down payment on ... » Learn More about Why a 20% Down Payment Works Well
Buying a Home Just Got Easier
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
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
