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Taking Advantage of Mortgage Loan Programs With a Mortgage Company

mortgage company

Buying a home is a rite of passage, but not everyone feels financially secure enough to purchase a property. Fortunately, a mortgage company can help you find the mortgage options that best fit your situation. The average down payment in 2017 was $12,829 — but if you’re not able to afford that kind of down payment, does that mean you’re excluded from...

Mortgage Rates and Predictions

mortgage rates

Mortgage rates constantly fluctuate. There are always predictions floating around about where the mortgage rates are headed. Right now at this point, mortgage rates are great but where will they be a year from now?

What are indicators that the rate is getting ready to change? How are the predictions made? Experienced mortgage lenders know what to look for and provide the...

How To Save For That Mortgage Downpayment

downpayment

Buying a home is an exciting experience. As the biggest purchase you’ll most likely ever make, you’ll be officially stepping into adulthood with a place and a property of your own. Unfortunately, a lot of work — and saving — goes into buying a house; you’ve got to compare types of loans and mortgage rates, decide what type of home loans you’re...

5 Tips for Finding the Best Mortgage Company

best mortgage companies

About 65% of all homeowners have a mortgage, making them anything but irrelevant. And with house prices thought to rise by 2% to 6% in the next few years, mortgages will become more and more in demand. It seems like mortgage lenders can be found around every corner you turn, but they won’t all be worth your time. When looking for the best mortgage companies, here are five...

Mortgage Tips For First-Time Home Buyers

mortgage broker

Buying a home is a big deal. Not only is it an obvious monetary commitment, but it is also a big milestone in life. Owning a home can help plant roots in a community and give you the opportunity to develop friendships with neighbors in a way that apartments simply can’t.

As a first time homebuyer, there are probably a ton of questions running through your mind. We have...

Mortgage Refinancing: What To Know Before Diving In

refinancing

Around 65% of homeowners have a mortgage, although not all are created equal. Mortgage rates vary depending on the option you chose initially: fixed rates start off with a higher interest rate but stay the same for the entire length of your loan, while adjustable rates begin low for the first few years and then can vary remarkably.

 

Although the latter can seem...

The Relationship Between Your Mortgage and Your Credit Score

mortgage options

As many of us have found out, it is essentially impossible to buy your first home up-front. This massive amount of capital is generally paid over the long-term, in the form of a mortgage. When a mortgage company calculates a potential monthly payment, it turns out not everyone is on equal footing — those with higher credit scores will typically find offers with better rates than those...

Calculating Your Mortgage Payments: Why These 4 Factors Matter

potential monthly payment

Buying a home is the biggest investment you will most likely ever make. Since most people are unable to pay hundreds of thousands of dollars upfront, you’ll need to take out a mortgage to cover what you can’t pay; to give you an example of what that might look like, the average new mortgage balance was $244,000 in 2017. Though there are a number of mortgage rates and...

Choosing A Loan: Which Type Is Right For You?

loan programs

Money makes the world go ’round. Money is required to buy a house, a car, and attend university. Unfortunately, most of us don’t have enough cash available to quickly and easily pay for all of those necessities upfront; that’s why so many types of loans and loan programs exist.

However — because home loans, mortgage options, and personal loans vary so...

Financing Your Home: Should You Rely On A Mortgage Broker Or A Bank?

independent mortgage broker

Buying a home is an extremely exciting — but sometimes overwhelming — experience. In addition to determining whether or not you can even afford a house in the first place, there are a lot of other things to consider: how high is your credit score (the median mortgage borrower had a credit score of 754 in 2017), how much can you spare for a downpayment, and should you...

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.