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Tag: Mortgage

Posted on 12/24/2024
How mortgage works: A guide to the basics
Getting a mortgage is a major part of the homebuying...
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Posted on 01/09/2024
A Basic Guide to Veteran Mortgage Relief Options
If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...
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Posted on 12/12/2023
Mortgage points: What they are and how they can help
Mortgage points can be a confusing topic, especially if...
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Posted on 11/07/2023
Mortgage basics: 15-year fixed mortgages
Prospective homebuyers and current homeowners know that a...
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Posted on 06/27/2023
3 Reasons to refinance your home
At some point, numerous homeowners ask themselves, “Should...
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Posted on 06/13/2023
Are Your Eligible for a VA Loan? Basic Info to Know
A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...
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Posted on 12/27/2022
Servicing a loan: What borrowers should know
Mortgage servicers are companies responsible for the...
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Posted on 12/06/2022
Financial real estate terms buyers should know
The more real estate terms you understand, the more comfortable you will be in your home buying process. This is especially true for financial vocabulary related to real estate transactions. To help familiarize you with some of these important concepts, here is a quick guide to financial real estate terms: Fixed rate mortgage A fixed rate mortgage is...
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Posted on 09/27/2022
Term of a mortgage: Understanding the basics
A major aspect of financing a home is choosing the “term”...
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Posted on 08/09/2022
Getting preapproved for a mortgage: When, why & how
Getting preapproved for a mortgage is an essential part of the home-buying process. While it’s possible to wait before securing your financing, there are major benefits to getting preapproval early. For more information about preapproval, here are the basics to consider: When to get preapproval It’s recommended that would-be homebuyers obtain a preapproval letter from a mortgage lender...
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