Tag: Mortgage

Posted on 09/22/2024

The U.S. Department of Veterans Affairs has helped countless veterans finance their home ownership goals. While you have the choice of a conventional loan offered by other mortgage lenders, there are some significant benefits to VA loans. Here are some of the most important advantages to consider: No Down Payment The most famous benefit of VA loans is...

Loan Beneftis

Loans

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Posted on 07/10/2022

Quick basics of mortgage points

Mortgage points can be a confusing topic, especially if you’re not familiar with them. And while they are hefty in value, the information surrounding them is often overwhelming. So, let’s start with the most basic point: What, exactly, are mortgage points, and why do I need to know about them? Here’s a quick and simple guide to understanding...

Homebuyer

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Posted on 12/13/2020

How Does a Balloon Mortgage Work?

Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...

Mortgage

Financing

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Posted on 03/15/2020

Tips for Paying Your Mortgage Off Early

Image by Nattanan Kanchanaprat from Pixabay Owning a home can be an amazing experience. But interest from your mortgage accumulates over time, leaving you to seemingly pay an arm and a leg to finance your home. But while you may think that paying off your mortgage early is a great idea, that isn’t always the case. You May...

Home Loans

Mortgage

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Posted on 02/09/2020

What are the Benefits of Pre-Approval for a Mortgage ?

Photo by Clker-Free-Vector-Images via Pixabay A mortgage pre-approval can be a valuable tool for understanding how much you can afford to spend on purchasing a home. It can also make you seem much more attractive to sellers and help to identify any potential problems that may make it difficult to get a loan. In fact, many lenders claim...

Mortgage

Buying A Home

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Posted on 01/14/2019

What To Know About Refinancing

Refinancing your home can have many benefits. First, you’ll be able to take out money to address immediate needs in your home like improvement projects. These things can only benefit your home’s value in the long term. Before you take the leap to refinance your home, you should be sure that you’re actually ready to take this step. Knowing...

Refinancing

Mortgage

Posted on 12/10/2018

3 Steps to Take Before You Apply for a Mortgage

If you plan to buy a house, you'll want to apply for a mortgage before you launch your house search. That way, you'll have your finances in order and can narrow your home search accordingly. Ultimately, there are several steps that you should take prior to applying for a mortgage, and these are: 1. Check Your Credit Score A...

Mortgage

Buying A Home