Tag: Mortgage

Posted on 09/20/2021

If you're in the market for your first home, there's a good chance you'll need to take out a mortgage. One of the most popular mortgage types (especially for first-time buyers) is known as a Federal Housing Administration (FHA) loan. What is an FHA Loan? Specifically, an FHA loan refers to one that is backed and insured by...

FHA

Fha

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Posted on 05/17/2021

Looking to Buy a Home? Let's 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...

Homebuying

Loan

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Posted on 03/22/2021

Sources of Funding for Home Buyers

Photo by TheDigitalWay via Pixabay Looking to buy your first home? Unless you have a couple hundred thousand in the bank, a rich family member or a winning lottery ticket, you’re going to have to borrow money. TV ads suggest it’s as easy as clicking your phone, and in some cases it might be, but you should know...

Home Buyer

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Posted on 10/19/2020

From FHA to USDA - Choosing Your Mortgage

Photo by Alexander Stein via PixabayWhen it comes to a mortgage, most of us think of the same standard product; the 15 or 30 year conventional mortgage offered by banks and lenders. This is not the only mortgage option you have, though. Depending on your personal history and circumstances you may qualify for an attractive mortgage with lower...

Mortgage

Loans

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Posted on 04/05/2020

Mortgage Pre-Approval Details 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...

Preapproval

Mortgage

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Posted on 03/08/2020

Home Financing - PMI and Down Payments

Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...

PMI

Mortgage

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Posted on 03/01/2020

Grow Your Portfolio with an Assumable Mortgage

Image by Tumisu from Pixabay It's easy to think that investing in real estate is an incredibly expensive venture. You may think you need thousands if not tens of thousands saved before you can even think about it. But there are ways to jumpstart your portfolio even if you're renting one of the cheapest apartments in your neighborhood....

Investment

Mortgage

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Posted on 12/22/2019

What Is Mortgage Employment Verification and How Does It Work?

Applying for a mortgage is a big step towards homeownership and financial independence. If it’s your first time buying a home, you might be curious (and a little intimidated) about all of the things that go into your mortgage application. When reviewing your application, mortgage lenders are trying to determine how risky it is to lend you money. If...

Mortgage

Mortgage Application

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Posted on 10/27/2019

Things You Need to be Pre-Approved for a Mortgage

In your quest to buy a home, you might check out properties online or looking up houses around your neighborhood up for sale. These are all steps you must first make to attain your desire of becoming a homeowner. Before you go into your search proper, there is something you need to do; it’s called getting pre-approved for...

Homebuyers

Mortgage

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Posted on 09/22/2019

Securing a Home Mortgage

A mortgage loan is crucial to owning a home unless you can afford to pay cash. Mortgages are significant; they're used by individuals and businesses to make large real estate purchases without paying the entire purchase price up front. Over the years, the borrower repays the loan, plus interest, until he or she owns the property free and...

Mortgage

Loans

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