Tag: Mortgage

Posted on 09/11/2022
Fixed rate mortgage: Definition & key considerations
To choose the right mortgage loan, it’s important to...
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Posted on 05/15/2022
The basics of recasting your mortgage payments
Recasting mortgage payments is a little-known gem when it comes to homeowner finances. It’s often viewed as a method to lower monthly payments without extending the length of your loan term. But what exactly is mortgage recasting? Are there any disadvantages to it? What about my interest rates? Will my overall loan balance increase or decrease? Here’s a...
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Posted on 05/01/2022
Important financial real estate terms to know
The more real estate terms you understand, the more comfortable you will be in your home buying process. This is especially true for financial vocabulary related to real estate transactions. To help familiarize you with some of these important concepts, here is a quick guide to financial real estate terms: Fixed rate mortgage A fixed rate mortgage is...
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Posted on 03/20/2022
The basics of a 15-year fixed mortgage
Prospective homebuyers and current homeowners know that a mortgage is likely to go hand-in-hand with your home, unless another arrangement has been made. However, there are many options available for those monthly mortgage payments, most commonly through 30-year fixed rate mortgages and 15-year fixed rate mortgages. Most know about the 30-year option, but what about the 15-year fixed...
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Posted on 01/16/2022
Here's Why You Should Consider a Bigger Down Payment When Buying a Home
Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...
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Posted on 03/21/2021
Common Mortgage Options and Their Benefits
Image by mohamed Hassan from Pixabay Most homebuyers take out a mortgage when they purchase a house, and there are several different types of mortgages to choose from. Here are some of the more common mortgage options and the benefits of each one. Conventional 30-Year Fixed Mortgages Perhaps the standard starting point for a mortgage is the conventional...
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Posted on 11/03/2019
From FHA to USDA - Choosing Your Mortgage
Photo by Alexander Stein via Pixabay When it comes to a mortgage, most of us think of the same standard product; the 15 or 30 year conventional mortgage offered by banks and lenders. This is not the only mortgage option you have, though. Depending on your personal history and circumstances you may qualify for an attractive mortgage with...
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