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February 2022

Common Mortgage Mistakes to Avoid


Whether you're applying for your first home loan or you're refinancing your existing loan, it can be overwhelming. Mortgages require a lot of paperwork and present many financial terms that not all borrowers are familiar with. By understanding the common mistakes that we're going to discuss below, you can better prepare for getting a flawless home loan. Paying Off Debts Right Before Applying It's natural to want to pay off existing debts that you have before applying for the large debt of a mortgage. However, that's not always the best move to make. Paying off old debt and using a large [...]

Common Mortgage Mistakes to Avoid2022-02-07T18:21:03+00:00

December 2021

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 [...]

How Do ARMs and Fixed-Rate Mortgages Differ?2021-12-17T21:44:14+00:00

April 2018

I Just Bought My First House. How Soon Can I Pay Off My Mortgage?


This post was originally published on mortgages.com You saved and planned and went through a lot of work to get your first mortgage. But as soon as you make your first payment, you're probably already wondering when you be done with it. Most of the time your mortgage type describes how long you'll be paying it. A 30-year mortgage will take 30 years to pay off, a 20-year mortgage will take 20 years, and a 15-year will take—you guessed it—15 years. But that's only true if you only pay the minimum amount due each month and you keep the same mortgage throughout [...]

I Just Bought My First House. How Soon Can I Pay Off My Mortgage?2018-04-14T22:50:47+00:00

March 2018

Can I Use a VA Loan to Make My House Accessible?


This post was originally published on mortgages.com. For anyone living with a disability, your main concern when you're searching for a new home is finding somewhere that you can live comfortably. But as a veteran there's the added stress of wondering what your VA loan will cover and what it won't. The good news is that as long as you're approved for the loan, you can use it to build a home that's adapted to your needs or buy and improve a home that will fit your needs. When you're applying for the loan, keep in mind your disability rating will help decrease the total [...]

Can I Use a VA Loan to Make My House Accessible?2018-04-14T22:50:17+00:00

February 2018

6 Things to Do Before You Rent Out Your Second Home


This post was originally published on mortgages.com. Many second homeowners find themselves wanting, or needing, to rent out their second home. If you haven’t been a landlord before, and this is part of your plan, you’ll want to make your home as inviting and as renter-proof as possible. This list should get you started! First things first: Make sure you’re complying with all local and federal laws when it comes to renting out your place. Your second home will be designated as an investment property for tax purposes. There may also be local laws about how your place is rented. For example, some municipalities [...]

6 Things to Do Before You Rent Out Your Second Home2018-04-14T22:50:26+00:00



This post was originally published on mortgages.com. Buying a home can be overwhelming. But if you break it down in to smaller bites and take it one step at a time, it becomes much more manageable. Here's how to get started: 1. Make a plan: Decide how long you plan on staying in your home. That will help you decide how large a home you should buy (think about needed room for any kiddos you might have a few years down the road), what neighborhood you might be interested in, and if you even want to buy a home at all. 2. Check [...]

NEW BORROWERS2018-04-14T22:50:38+00:00

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 program, it does get updated fairly regularly to reflect housing prices across the country. Here are the changes you can expect for 2018. 2018 VA loan limits Home prices rose in 2017 thanks to low unemployment and low inventory of homes. The VA loan program is accommodating that rise in home prices by raising limits for single-family homes, which is going up to $453,100 from $424,100. This is the highest loan you can get without having [...]

Changes to VA Loans in 20182018-04-14T22:50:56+00:00

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 is also important to keep in mind the other costs of a home. Use these four tips to ensure that your payments are made in accordance with the fine print. Find Out How Much You Can Afford There are many online calculators to help you find out how much home you can afford. These calculators are based on your income. They also factor your interest rate and the amount of your down payment. Some calculators also add your [...]

How Families Can Manage Their Mortgage Payment for Their First Home2018-04-14T22:51:05+00:00
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