As interest rates on long-term mortgages continue to rise, buying a home at today’s record-high prices can be a challenge. However, a recent study from Zillow found that there is one thing home buyers can do to save themselves big time when it comes
Sep 27, 2022 | Interest Rates Mortgage Basics Credit
A home appraisal is an essential part of buying a home and getting mortgage financing. An appraisal determines the current market value of the property and helps lenders determine if the amount of money they are lending you for the sale is appropriate. If
Sep 08, 2022 | FHA Loans Conventional Loans Mortgage Basics
If you have recently bought a home, you may have heard your closing agent mention something about a prepayment penalty. This idea might have seemed strange. Why would there be a penalty for paying off your loan ahead of schedule? Here’s what you need to k
Aug 18, 2022 | Purchasing a Home Mortgage Basics
Once you find the perfect house and your offer is accepted, it is time to turn your attention to lining up the financing. If you’ve never applied for a mortgage loan before, or if it’s been many years since your last home purchase, the process
Aug 16, 2022 | Purchasing a Home First-time Homebuyers Mortgage Basics
You probably already know that mortgage brokers will pull a record of your credit history when you apply for a home loan. You may also know that there are several versions of your credit score for your lender to choose from. What you probably do not know
Jul 14, 2022 | Mortgage Basics
When buying your home, one of the important steps in the mortgage financing process is having an appraisal done. Having an appraiser determine the value of the property is essential to determining how much your lender is willing to lend you for the purcha
May 17, 2022 | Mortgage Basics
