First Time Home Buyer Financing

If you are a first-time home buyer, there is a lot to learn about buying a home. The most misunderstood part about home buying is — home financing. We are going to help shed some light on this topic. We are going to go over the top first-time home buyer loan options. You will learn… Continue Reading

What Is PMI and Do I Have to Have It?

Alright, you have selected the house you want to buy, found a mortgage lender to meet your financing needs and they have presented you with a rate quote that looks pretty enticing. You love the offer, and your dream of homeownership is coming to close but there’s just one thing. You notice an extra charge… Continue Reading

You May Still Benefit from Refinancing in 2022

Think you may have missed the opportunity to refinance your home mortgage? Think again! You may still benefit from refinancing even though rates have recently gone up. While conventional loans make up the large majority of home mortgages, there are millions of borrowers who have other types of loans. Those loans are usually taken out… Continue Reading

How Your Credit Score Can Determine Your Mortgage

A credit score is arguably the single most important factor for lenders when determining whether you qualify for a mortgage or not. Not only that, but your credit score will also determine what type of loan you can get when finding financing for your next home purchase. The score is important to lenders because it… Continue Reading

How to Use an Escrow Account for Your Benefit

If you are about to close on a loan, whether you’re buying a home or refinancing a loan you already have, you will probably have an escrow account established at closing. This account is where your monthly payments of taxes and insurance will be deposited so that when taxes and insurance are due, your servicer… Continue Reading

Is a Forbearance Agreement Right for You?

Have you been affected by COVID-19? Not physically – financially. Did you lose your job? Did your company cut back on your hours? Are you a homeowner and you’re finding it increasingly difficult to pay your bills on time? Then you might need a forbearance. What is a forbearance? On March 27, 2020, President Trump made… Continue Reading

Private Mortgage Insurance (PMI) FAQ

Are you buying a house and putting down less than 20%? Are you refinancing but have less than 20% equity? Whether you’re buying or refinancing, are you getting a conventional loan? Then you will need PMI. What is PMI? PMI stands for Private Mortgage Insurance. It protects the lender from losing financially if you default… Continue Reading