Category: Mortgage

Use A Fixer-Upper Mortgage To Expand Your Options

Regardless of whether they are brand new or resale homes, there simply are not enough affordable homes for first-time homebuyers. A significant number of new houses are built for people who are looking to purchase their second or third home. Furthermore, because there is a lot of demand for affordable entry-level houses, their prices have gone up. This makes it very difficult for first-time homebuyers to qualify for a mortgage for an entry-level home.

ARM Loans: What To Know

Many people are wondering what type of home loan is right for them, and one of the options is an ARM loan. This is an adjustable-rate mortgage. Typically, the rate is fixed for a certain amount of time, but it can change after that. Adjustable-rate mortgages will vary depending on the market. Is an ARM a smart loan option? There are some situations where an ARM loan can be helpful, but people need to be careful with them.

Many Millennials Need More Space

There are many Millennials who are looking for a home, and many of them are getting ready to trade up for more space. If you think you need more space, you may have more buying power than you realize. The coronavirus pandemic has led to a lot of changes, and you might be able to use the equity in your home to purchase a bigger house with more features.

Refinancing: Check Your Financials First

You have probably heard that refinancing could help you save money on your home loan. Even though you are probably focused on current mortgage interest rates, feverishly comparing them to your own interest rate, you need to check your financials first. What are a few important indicators of your financial health that you need to check before you go through the refinancing process?

Do You Want To Own A Second Home?

It is important for people to diversify their investments, and this includes real estate. Many people dream of owning a home, but there are many people who own more than one home. As remote work has become more common, owning a second home has become more common as well. This has provided people with a tremendous amount of flexibility, and you might be thinking about purchasing a second home as well. What are some of the benefits you might enjoy?

Exploring Homebuyer Assistance Programs: Assessing the Options Available

The traditional rule of thumb is that you should put down 20 percent of the cost of the house if you decide to become a homeowner. Unfortunately, the thought of saving 20 percent of the price of a home for a down payment can be daunting for people who are trying to buy a house for the first time.

A Checklist Of Documents You Need To Refinance Your Mortgage

If you want to save money on your mortgage, you might think about refinancing. Before you can complete the refinancing process, there are several documents you need to have. Make sure you have all of these documents organized before you go through the refinancing process.

Common Fees During Refinancing

As interest rates fluctuate, you might think about refinancing your mortgage. This is the cost of taking out a new home loan to replace the one you currently have.