6 Good Reasons to Refinance Your Mortgage

The news is abuzz with the quarter percent interest increase that came from the Federal Reserve back in mid December, causing all sorts of panic and riots in the street. Well, maybe not riots — but a lot of people are wondering if they need to refinance now or if they’ve already missed their opportunity.… Continue Reading

4 Ways Mortgage Insurance Helps Homebuyers

There are few dirtier words to the average home buyer than “mortgage insurance.” Article after article has been written on ways to avoid mortgage insurance and on why it’s an awful, terrible thing, but I’m here to tell you something new. Mortgage insurance isn’t always a horrifying scar on your mortgage paperwork. In fact, mortgage… Continue Reading

6 Ways to Prepare for Your Conventional Loan Application

When you think of the word “conventional,” I know it brings to mind images of things that are considered “normal” or “standard” in our culture. That kind of thinking has caused a great deal of confusion among mortgage-seekers for a very long time because a Conventional mortgage isn’t the default choice for many buyers. For… Continue Reading

Understanding Truth in Lending

I’ve said it before, and I’ll say it again — buying a house isn’t easy, there’s a lot to know and you simply cannot go into it without some education. One of the more important forms in your buying process comes when you make loan application. At that time, you’ll get something called a Truth… Continue Reading

The Home Buying Process, Part Five: Mortgage Limbo

You’ve had your inspections and asked for your repairs — the Seller responded and, presumably, those fixes are underway. Your loan officer has all your paperwork, so now there’s nothing to do but wait. Welcome to Mortgage Limbo. I’ve found this part of the process particularly difficult to write about because as a Buyer, it… Continue Reading

What are the Pros and Cons of FHA Loans?

First time homebuyers, more than any class of homeowners, tend to be cash poor. That’s not a judgement statement — we all start somewhere. However, compared to other loans, FHA is much more forgiving of your liquidity-related woes. Because of FHA’s low down payments and small reserve requirements, along with options to roll your up-front… Continue Reading