Buying a home with a mortgage comes with plenty of strings attached, aside from just interest and principal. While you’ll have a general sense as to what your monthly mortgage payment will be, this complacency likely prevents you from reading over the specifics of your mortgage statement. By simply writing… read more →
There are many factors your lender will take into account when assessing the type and quantity of a home mortgage loan you will qualify for. Of course, your credit standing is just one such variable. Good credit has never been more important for obtaining a loan. Your broader financial picture,… read more →
It’s true that Federal Housing Administration mortgage loans are more expensive in 2014. But as mortgage rates and premiums rise, it’s also true that FHA borrowers have an advantage over those with conventional mortgages: FHA loans are assumable, which means that when it comes time to sell, buyers can take… read more →
(VIRGINIA) – There has never been a better time to refinance your home. That’s because of a little-known government program called the Home Affordable Refinance Plan (HARP). This allows Americans to refinance their homes at shockingly low rates, and reduce their payments by as much as $4,905 a year. But here’s… read more →