Why Pre-Approval Beats Pre-Qualification in Todays Housing Market
When you’re preparing to buy a home, understanding the financial side of things can feel overwhelming. Two key terms you’ll often hear are: "pre-qualification" and…
Tag: Mortgage
Waiting for 3% Interest Rates? Think Again
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw…
How down payment assistance programs first time help buyers
Purchasing your first home is a major milestone that can take years of hard work to achieve. The most challenging step in the process for…
What is an Installment Real Estate Sale?
Most real estate sales happen in one transaction, but sometimes, both parties agree that the buyer will make multiple payments to the seller over several…
Pros and Cons of Getting a 30 Year Mortgage
A 30-year mortgage is the most popular option for home buyers, and there are many reasons why it’s so appealing. Just because it’s the most…
What Is A Second Mortgage?
A second mortgage can be a great way to access funds when you need to make a large purchase. Taking on a second mortgage is…
Choosing Which Type of Home Loan Is Right For You
Getting approved for a mortgage can be one of the most stressful steps when purchasing a home. Mortgage lenders require a wide variety of documents…
Can You Make a Mortgage Payment with a Credit Card? And if so, Should You?
Credit cards can be helpful for a number of reasons. They can build up your credit score, and their rewards systems can provide you with…
Should You Go for an Adjustable Rate Mortgage (ARM)?
The type of mortgage you choose can have a massive impact on your financial situation over the course of the loan. Unfortunately, it’s very difficult…
What Should You Do If Your Mortgage Worth More Than Your Home
A home is most people’s largest asset, but the value of any property can fluctuate significantly. It’s impossible to predict the future of the real…