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7 Red Flags to Address When Applying for a Mortgage
There are many benefits to using a mortgage to finance the purchase of a home. For one, mortgages usually come with lower interest rates than other types of loans, which can save you money over the life of the loan. Additionally, monthly mortgage payments can be made...
Considering a VA Loan
A VA loan is essentially a type of mortgage loan in the U.S. guaranteed by the United States Department of Veterans Affairs (VA). The VA loan program is specifically for U.S. veterans, military members currently serving in the military, reservists, and select...
Understanding FHA Loans
FHA loans are a popular choice for first-time homebuyers, especially those with limited resources or who may have difficulty qualifying for a conventional mortgage. But FHA loans have important differences that you should be aware of before you apply. Here's a quick...
Answering Common Questions First-Time Homebuyers Have
So you are a first-time homebuyer and are excited to get it done. But you may have a little part of you that is a bit hesitant and has a lot of questions. Lucky for you, this article will answer the most common questions most first-time homebuyers would have. 1. How...
7 Key Questions to Ask Your Mortgage Lender
When you're ready to start shopping for a home, one of the first things you'll need to do is contact a mortgage lender. They will be able to help you with the mortgage application process, which will be the stepping stone to your dream house. But before you start the...
Five Tried & Tested Tips when Applying for a Home Loan
The process of applying for a home loan can be daunting, but there are some things you can do to make it go more smoothly. Here are some tried and tested tips before applying for a home loan to increase your chances of being approved. 1. Do Your Own Research The first...
Get Lower Interest Rates on Your Home Loan With These 6 Tips
Home loans can put severe stress on your monthly budget if you don’t have a proper plan chalked out. Remember that your loan amount, the interest rate on your loan, and the loan tenure are the primary determinants of your monthly installment. At times, due to poor...
Mortgage Pre-Qualification vs Pre-Approval Letter
Pre-qualification and pre-approval are letters that show that a buyer is ready to purchase a home. Both of these letters empower home buyers to go out and look at homes in person with a real estate agent. Here's the difference between the two. Understanding Mortgage...
The Advantages of a Long-Term, Fixed-Rate Home Loan
There is a broad range of options to choose from when taking out a mortgage. One option that you should strongly consider is a fixed-rate mortgage loan. A fixed-rate mortgage loan is a long-term loan that allows homeowners to lock in their interest rate for the life...