Tag: Mortgage

Posted on 06/02/2024
How mortgage works: Nuances to know
Getting a mortgage is a major part of the homebuying...
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Posted on 02/04/2024
Understanding Who Is Eligible for a VA Loan
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 01/15/2023
Getting preapproved for a mortgage: The basics
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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Posted on 12/18/2022
What is a mortgage prepayment penalty?
Mortgage lenders make money primarily through interest...
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Posted on 04/17/2022
Getting preapproved for a mortgage: How it benefits you
Getting preapproved for a mortgage is an important part of the home buying process. While technically not required before you begin your home search, there are some key advantages to getting preapproval from a lender before you get too deep into the process. Here are some of the main reasons why to consider getting preapproved for a mortgage:...
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Posted on 05/03/2020
Buying with Less than 20% Down
Photo by Gustavo Frazao via Shutterstock Whether you’ve been saving up for a while or you’re just getting started, getting into a home might be easier than you think. If you’re looking to buy a home, but you just aren’t sure about tying all your savings into a house, check out the various loan options with low down...
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Posted on 04/05/2020
Home Buying Journey: Start with Your Loan
Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...
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Posted on 10/06/2019
Why It's Critical to Shop for Mortgage Rates
Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put in a “low-ball” offer on a...
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