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The Most Common Questions About Traditional Mortgages

buy your first home

Did you know 65% of homeowners have a mortgage? When you’re looking to buy your first home, you’ll probably have a lot of questions about mortgages. All the information you find may seem complicated at first. Here are some common questions answered about mortgages that’ll be helpful to you.

 

What is a traditional mortgage?

 

A traditional...

What to Expect When Refinancing: Common Questions Answered

refinance calculator

Over the next few years, home prices are anticipated to rise by anywhere from 2% to 6%. What does that mean for interest rates? They could stay the same, dip lower, or rise. Only time will tell, which is especially concerning for many home buyers and current homeowners. If you already have a mortgage in place and own a home, you may want to find out if now is the right time to...

What are Home Loans?

home loans

Applying for a home mortgage loan can feel daunting. Knowing what a mortgage is, as well as how you can apply for one successfully, can help before you meet with a professional. When it comes to home loans, you will always want to seek professional guidance to help you make the best decision.

What is a Mortgage

There are different types of loans. If you are in the process of...

How Can an Affordability Calculator Help You?

affordability calculator

Mortgage rates, property values, and economics change all the time. An affordability calculator is an invaluable tool for mortgage lenders and homeowners (or would-be homeowners). There are several types of loans, refinancing options, and other lending options available. Home prices are on the rise — and that means that rates are changing. Making sense of it all can seem...

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...

Stay In The Know

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