January 2018
Changes to VA Loans in 2018
This post was originally published on mortgages.com. The VA loan program has been helping veterans become homeowners since 1944. While there have only been a few major changes to the [...]
December 2017
How Families Can Manage Their Mortgage Payment for Their First Home
This post was originally published on mortgages.com. Buying a home is a big life event. For many people, a mortgage payment is their biggest monthly expense. It [...]
How Do ARMs and Fixed-Rate Mortgages Differ?
If you are buying a new home or planning a refinance, you may wonder which is better for you: an adjustable-rate mortgage (ARM) or a fixed-rate mortgage? The short answer is: it depends. Your family's financial situation and the current average mortgage interest rate will affect which loan is best for you. A good place to start when you need to shop for a mortgage is to understand the two main loan types. In this article, we will break down these two types of mortgages to help you make a more informed decision when the time is right. What Are Adjustable-Rate Mortgages (ARM)? When it comes to interest rates, adjustable-rate mortgages are more flexible than fixed-rate loans. The interest rate on adjustable-rate mortgages is fixed for a fixed period of time (usually 7 or 10 years), then it changes to a variable rate for the [...]
