6 Mistakes Homebuyers Make (And How to Avoid Them)
Buying a home can be a complex process. Here are six common homebuyer mistakes to avoid when you are looking for a house.
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Unraveling the Various Loan Structures Before You Buy
If you’ve ever investigated the different types of loans available, you might have found the number of available mortgage financing options overwhelming. There are fixed-rate, adjustable-rate, conforming, and nonconforming loans to explore. So how do you know which one is right for you? Here are four of the most common home loan structures simplified. Adjustable […]
What to Expect at Closing: 3 Reasons to Have a Mortgage Lender in Your Corner
Closing is a long, complex process that all homebuyers must go through to get their dream homes. This extensive process can take over a month to complete as buyers complete every stage until closing day. Fortunately, there are several preparatory steps that you can take to prevent things from falling through. Here’s what to expect […]
5 Signs Refinancing Your Mortgage Is a Great Idea
Refinancing provides homeowners with the opportunity to replace an old loan with a better option. A refinanced mortgage can be costly in a less-than-ideal situation, as closing costs are typically 3% to 6% of your home’s price. Under the right circumstances, however, refinancing your mortgage will save you money with reduced interest rates, help you […]
The Top 6 Most Common Mortgage Questions, Answered
Before you buy your dream home, learning more about loans is an excellent way to navigate any challenges that later arise, such as what type of mortgage to get or how to get a mortgage with a low credit score. Here are six of the most common mortgage questions and answers that you should know […]
Buying Rental Property? 5 Mortgage Financing Options to Consider
Rental properties can serve as reliable long-term sources of income. If you are considering an investment property, you will need to find a good mortgage financing option. Mortgage loans for rental properties often have different, more complex standards than loans intended for home buyers. Since it is typically riskier for lenders to finance rental properties […]
5 Things Home Buyers Should Know About Loan Options in 2022
If you are planning to buy a home in 2022, it’s a good idea to research different types of lending options ahead of time before you need a mortgage. Ensuring that you are both financially and informationally prepared to get a mortgage when re-entering the market or buying a house for the first time is […]
Questions to Ask Your Mortgage Lender
Asking the right question can fix a problem before it even happens. If you are nervous about trying to qualify for a home loan, don’t be afraid to ask questions. Continue reading for questions that you should be ready to ask. It’s important to find a good mortgage lender who has the answers, so you […]
Mortgage Lending for First Time Buyers
Are you tired of living in your apartment and you are looking for more space? Are you looking to become a homeowner, but you aren’t sure where to even start? Well, you came to the right article! Mortgage lending isn’t as intimidating as it sounds, and we are here to help you. This article will […]
Mortgage Lending Companies vs. Banks: Which Is Better?
So you are ready to finance your home purchase? Getting your financing right is a critical choice, and you will find plenty of places to get a mortgage. The two most common options are large banks, such as JP Morgan Chase or Wells Fargo, and dedicated non-bank mortgage lending companies such as Quicken Loans or […]
