Tag: Mortgage

Posted on 08/28/2024

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...

Mortgage

+ 4 more

Posted on 11/24/2021

New Homebuyers Should Save Money for These 3 Expenses

Photo by Kaboompics .com from Pexels Buying a home for the first time is often a stressful yet rewarding time. It’s a complicated process involving many variables and many costs. One question that many first-time homebuyers have is about preparation: how much should you save before buying a house? Here we will go over the 3 most important...

First Time Buyer

Closing Costs

+ 4 more

Posted on 04/14/2021

Understanding Your Mortgage: Prepayment Penalties

Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...

Mortgage

+ 2 more

Posted on 03/31/2021

Mortgage Options: Which One is Right for You?

Photo by Mastersenaiper via Pixabay When it comes to financing your home, you have a several mortgage options available. Each type of mortgage offers different advantages, so be sure to do research before applying. Below are some of the most popular types of mortgages borrowers may consider. Conventional Loans A conventional loan is a mortgage not insured by...

Conventional Mortgage

FHA

+ 8 more

Posted on 03/18/2020

Mortgage Pre-Approval Pros and Cons You Need to Know

Image by Mediamodifier from Pixabay As you enter the home buying process, some people may recommend that you seek mortgage pre-approval. This is typically one of the first steps in the process, and you may view it as something you have little choice over. Yet mortgage pre-approval is not a requirement to start shopping for a house, and...

Loan

Mortgage

+ 1 more