If you are a first-time home buyer who is concerned about being able to qualify for a mortgage, you may want to consider an FHA mortgage. What is an FHA Loan? FHA loans are government-insured loans through the Federal Housing Administration although they are approved and administered by regular lenders that often offer conventional mortgages […]
The Important Advantages of Working with a Mortgage Broker
If you have been mortgage shopping lately, you know how confusing it can be. Should you consider a 30-year mortgage or a 15-year mortgage? Fixed or adjustable? What if you are having trouble qualifying altogether? You’re not alone. Chances are that you have come away from the experience overwhelmed and unsure about what to do […]
3 Current Trends in Today’s Mortgage Industry
With recent slow but steady rise in interest rates, we’ve witnessed a steady increase in mortgage industry activities such as construction projects and an increase in home equity bill consolidation lending. According to TransUnion, an estimated 10 million consumers will be applying for a HELOC (home equity line of credit) between 2019 and 2022. Consequently, […]
6 Things You Should Take into Consideration Before Refinancing Your Home
With today’s low rates, you may be thinking about refinancing your current mortgage. Before you do, you want to make sure that it’s worth your while and right for your current financial circumstances. Here are some things you should consider when deciding to refinance your current mortgage. Consider the Interest Rate The rule of thumb […]
Two major items home buyers need to think about before contacting a realtor
Many people find it useful to have a checklist and on any good checklist these 2 items should be the first items on that list. as they are essential to getting the ball rolling on your dream of home ownership. The 2 major items a potential home shopper needs to begin to think about before […]
