Tag: Mortgage

Posted on 11/29/2023
Veteran Mortgage Relief Guide: Key Terms & Details
The U.S. government has multiple options available for military veterans who may be facing foreclosure. Through the Department of Veterans Affairs, borrowers can get financial relief through means such as forbearance, deferment, refinancing and more. However, there are some crucial details to be aware of. Here are some of the most important things to know about current veteran...
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Posted on 12/14/2022
15-year fixed mortgages: A quick guide
Prospective homebuyers and current homeowners know that a mortgage is likely to go hand-in-hand with your home, unless another arrangement has been made. However, there are many options available for those monthly mortgage payments, most commonly through 30-year fixed rate mortgages and 15-year fixed rate mortgages. Most know about the 30-year option, but what about the 15-year fixed...
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Posted on 08/20/2021
4 Tips for First Time Homebuyers
We are starting to see a slowdown in the marketplace. However, the housing market is still competitive, and sometimes you have to think about other options. When you work with us, we can help you evaluate your home budget, possibly expand your search radius, and closely look into all your options and determine what your goals are. If...
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Posted on 07/07/2021
Do I qualify for a conventional mortgage?
Photo by TheDigitalWay via Pixabay Looking to buy your first home? Unless you have a couple hundred thousand in the bank, a rich family member or a winning lottery ticket, you’re going to have to borrow money. TV ads suggest it’s as easy as clicking your phone, and in some cases it might be, but you should know...
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Posted on 06/09/2021
A First-Time Homebuyer's Guide to Mortgage Basics
Image by Tumisu from Pixabay Financing a new home can seem overwhelming. For first-time homebuyers, the entire concept of obtaining a mortgage might seem especially daunting. There are many different lenders and many different types of mortgages available, so it's difficult to know which ones are best. Here we will go over the common mortgage types available to...
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Posted on 03/17/2021
Pros and Cons of Balloon Mortgages
Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...
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Posted on 12/02/2020
Choosing the Right Mortgage Type
Photo by Alexander Stein via PixabayWhen it comes to a mortgage, most of us think of the same standard product; the 15 or 30 year conventional mortgage offered by banks and lenders. This is not the only mortgage option you have, though. Depending on your personal history and circumstances you may qualify for an attractive mortgage with lower...
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Posted on 11/12/2020
The Documents and Information You'll Need When Applying for a Mortgage
Many first-time home buyers are worried about all of the documents and information they’ll have to gather when applying for a mortgage. If you’re anything like me, you’re probably dreading having to dig through the five places that these documents might be. Fortunately, the process is now somewhat streamlined thanks to lenders being able to collect most of your...
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