When gearing up to buy a home, there are lots of moving parts to think about. There are the closing costs, insurance, location, rates, and so many other aspects to…

For reference, an interest rate is the amount of interest due over the term of a loan as a percentage of the principal, or the amount borrowed. The interest rate…

When determining how much to save for a down payment, setting aside as close to 20% of the home’s purchase price as possible is ideal. This allows for less interest…

What are Discount Points? Buying a house is a huge purchase and many buyers look for ways to reduce their costs as much as possible. Mortgage points, also known as…

When applying for a mortgage, mortgage lenders will look at a variety of factors and financial documents, but one of the items that most people don’t think about is large…

What Is An FHA Loan? An FHA loan is a home loan backed by the Federal Housing Administration, a government agency created to help home buyers qualify for a mortgage….

By law, borrowers refinancing their Conventional mortgage loan receive a mandatory three day period after signing their final loan documents. During this recession period, the borrower can rescind or cancel…

When it comes to the loan process, there is a lot that happens in a short span of time. Once approved for a loan, it can feel like a whirlwind…

When a military veteran is selling a house, sometimes it makes sense to transfer the current mortgage and payments to the new owner rather than applying for a new loan…

During a home appraisal, a licensed appraiser conducts a thorough inspection of the property. The appraiser will consider all factors that could affect the property’s value. These factors include: the…