Tag: Mortgage

Posted on 07/22/2024

The basics of recasting your mortgage payments

Recasting mortgage payments is a little-known gem when it...

Home Financing

Home Refinancing

+ 3 more

Posted on 04/08/2024

Understanding the fixed rate mortgage definition

To choose the right mortgage loan, it’s important to...

Fixed Rate Mortgage

Adjustable Rate Mortgage

+ 2 more

Posted on 09/04/2023

Are Your Eligible for a VA Loan? Basic Info to Know

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

Active Duty

Eligibility

+ 8 more

Posted on 08/29/2022

Mortgage prepayment penalty: What you need to know

Mortgage lenders make money primarily through interest...

Prepayment Penalty

Prepayment Penalties

+ 2 more

Posted on 07/11/2022

The Major Variables Affecting the Price of Homes

Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...

Economy

Home Prices

+ 7 more

Posted on 01/17/2022

Major Types of Veteran Mortgage Relief

If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...

Mortgage

+ 4 more

Posted on 08/08/2021

Your Loan: The First Step to Buying a New Home

Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...

Homebuying

Loan

+ 4 more

Posted on 05/31/2020

How to Use Points to Your Benefit

Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...

Mortgage

PMI

+ 3 more