Conventional home loans are typically loans that are not guaranteed or insured by the federal government. This means that the lenders have no guarantees when the borrower fail to repay the loan. As such, most lenders usually require borrowers to…
There are many reasons you may be taking out a loan. Perhaps you're purchasing a new home or want to invest in new properties. Regardless of the reason, loans can be a very stressful process for most people. Finding a great loan…
Over 6 million home sales occur in the U.S. every year. A large percentage of these home sales are financed with home loans. Mortgages give all prospective homeowners the means to purchase their dream homes with minimal down payments. If…
Buying your first home can be as overwhelming as it is exciting. There are so many different things to check out, fill out and research that choosing your mortgage provider often gets left until the last minute. Many people express…
Are you a veteran looking to buy a home, but don't have enough money saved for a down payment? If so, you may have thought about applying for a VA loan. If you're eligible, VA loans can provide a great…
Are you finally ready to take the plunge and buy a house? If you're in the market for a house, you've likely already heard of FHA loans. But do you know what they are? The world of loans and mortgages…
65% of homeowners have a mortgage. Mortgages give all prospective homeowners the financial means to purchase the home of their dreams. Your first mortgage is a milestone and a decision that should not be taken lightly. It's important to thoroughly…
The millennial mortgage is on the rise. As more of Gen Y leaves college and enters the workforce, they are looking for a stable, affordable living situation. Most of these are first-time homebuyers. So you're a millennial looking at the…
There's a lot of think about before you buy a house. And getting a mortgage can be a stressful part of that process. To make it easier, you should do what you can to boost your credit score. Having a…
Do you want to buy a home but don't think you'll qualify for a loan? Don't sell yourself short just yet. There are still options out there to help you get the loan you need. For example, FHA home loans…
Are you shopping around for the best home loan? Getting a home loan can be an overwhelming experience, particularly if it is your first time doing so. This is especially the case when you realize that there isn't just one…
When you're searching for your dream home or at very least shopping for a mortgage, it can be difficult to decipher the differences among all of the different lenders. Especially if you're shopping for an FHA loan, there are certain…
The housing market and mortgage rates are hot topics these days. Chief among them are USDA loans and USDA loan rates. What is a USDA loan? Why is it important to know what one is? And what about USDA loan…
Many home buyers have heard both terms, yet few are aware that interest rates and APR correspond to two different home loan costs. Understanding the difference between interest rate and APR, or annual percentage rate saves home buyers thousands of…
Applying for a mortgage can be a scary and lengthy process if you don't know what and what not to do when it comes to the logistics or 'rules'. There are literally hundreds of things to think about, especially if…
Shopping for a new home should be an exciting time in your life. But worry over price can put a real damper on moving day. That's why getting mortgage pre-approval is recommended. With pre-approval, both you and your lenders know exactly…
Buying a home is exciting, but important factors could be the barrier between walking into your new home and signing another lease on your apartment. A home loan is a perfect example. When lenders are determining your home loan eligibility, they…
Like most big moments in life, buying a home can be an interesting mix of exhilaration and apprehension. Much of that apprehension can be traced to the intimidating process of applying for a mortgage. The process can be a long one, so before…
Buying a home is exciting and anxiety-causing all at once. The independence of having a place to call your own is a dream come true. The house you choose will be yours for years to come. You want to ensure that…
How Interest Rates Increase Your Purchasing Power Having historically low mortgage rates when buying a home is a great thing! Not only does it save you thousands of dollars in interest over the life of the loan, but increases your purchasing power.…