mortgage Blog Articles
What you Need to Know about New Construction Loans
If you’re considering buying a home, you’ve likely thought about how you are going to finance that home. But what if you’re considering building a new home, instead of buying from a seller? Can you go through the mortgage approval process in the same way? Well, sometimes. New construction loans can be obtained by a home builder or buyer. If you’re building a home with a
What's the Difference Between Preapproved and Prequalified?
Securing a mortgage can be a complicated and timely process. When you are preapproved or prequalified for a mortgage, you gain an advantage and have the opportunity to bid on the home you would like to purchase before buyers who are not as prepared. So what is the difference between the two? Prequalified Prequalification is a general indication that you could
10 Simple Ways to Save Money Every Day
As we’re well underway with the second month of the year, we’ve just got to ask… how are those financial resolutions you set for 2019 coming along? Whether you’re saving a little or still spending a lot so far this year, there is help. In fact, there are simple things you can do every day to save on some of your most common household expenses. Here are 10 ways to save m
Don’t Have a 20% Down Payment? You Do Have Options
It has long been believed that buyers must put 20% of a home’s purchase price down to qualify for a conventional home loan. Is this really the case? First-time homebuyers can find some relief from federal loan options. But, these buyers are not the only ones who can take advantage of options when it comes to conventional mortgages. It’s true. A 20% down payment will likely en
Five Options for Buyers Facing a Low Bank Appraisal
You’re on your way to buy a new home, congrats! You’ve found the one you love… your offer has been accepted… you’ve completed the inspection with little-to-no issues… you’re almost there, right? There’s just one more hurdle before you’re ready to sign on the dotted line and finance your home—the home appraisal. If you’re seeki
Mortgage Matters - How to Choose One That is Right for You
When it comes to purchasing a new home, buyers are typically excited about choosing the options that are most important to them. Flooring, countertops and other fixtures may top their lists. But does that excitement carry over to a buyer’s home loan? Not always. When you apply for a mortgage, you may feel like your only options are approval or denial. But there are choices when it comes to
Before You Borrow, Understand Home Renovation Loan Options
A screened-in patio, updated countertops, and new flooring… summer is often the season when people decide to make major renovations to their homes. Do you have big plans for your home, but are not sure you have the proper funds to make them happen? There may be financial help to get your project from demolition to done. There are many types of home renovation loans that are designed to h
Five Things You Should Know About Homeowners Insurance
If you’re new to buying a home this summer, you’ve probably been advised that you’ll need to factor in the cost of homeowners insurance. While it is something you pay on a monthly basis, it typically is covered in your mortgage payment. For some homeowners, insurance can even be something that’s out of sight—and out of mind—until you need it most. Even vetera
Five Must-Dos for Unmarried Couples Who Want to Buy a Home Together
With June’s arrival, summer wedding season will be in full swing. But, today, more and more couples are foregoing their nuptials and taking a financial leap into mortgage matrimony. It is becoming more popular for couples to buy a home before tying the knot. If a legally binding mortgage sounds more appealing than a legally binding marriage for you and your partner, you’ll need to b
Don’t Be Confused. These Mortgage Misunderstandings Can Cost You
The spending season is upon us. But, that doesn’t mean you should be spending in excess everywhere you go. Just like you may be waiting for the best deals on those perfect holiday gifts, you also should be aiming for the best deal if you’re shopping for a home mortgage. Unfortunately, just like the flurry of holiday sales can have you confused about what price is best, a few mortgag
