The True Cost of Buying a Home
Buying a home is an exciting chapter in one’s life. It shows progress, growth, and is at the crux of the American Dream. Furthermore, homeownership has some significant advantages over renting. But, what is the cost of home buying? For instance, buying a home can: Provide...
Home Renovation Loans: How Do They Work?
Renovation Loans Are A Rising Trend Among Home Buyers It’s hard to ignore how much more common it is to see homeowners taking on home renovations these days. There is no doubt that much of the popularity of doing home renovations can be attributed to...
The Down Low on Escrow: What it is and How Does it Work?
If you’re currently looking for a home, chances are you’ve been hearing the term escrow quite a bit. Despite how frequently the phrase is used in the home buying and selling process, a thorough understanding of the word seems to elude people. For that reason,...
Renting vs Buying: What’s Better for You?
Renting vs Buying ... When it comes to deciding whether to buy or rent, everyone seems to have a different opinion. Obviously, there are many factors to consider when deciding to purchase or rent a home, but ceteris paribus, is one option better than the...
Put More Money in Your Piggy Bank with a Piggyback or LPMI Loan
If you haven’t done any research on the mortgage process, private mortgage insurance (PMI) has no meaning to you. PMI is required on all loans that have less than 20% down. The insurance is a safety net for the lender in case you are unable...
How and When Do I Refinance My Home?
If you’re considering a home refinance, you might find yourself drowning in questions: What are the risks of loan refinancing? How does my credit score affect the refinancing process? What does it even mean to refinance a home? Simply put, refinancing means replacing your current mortgage with...
Exploring Mortgage Options for Medical Professionals
Like many college graduates, medical students are buried in debt. In fact, the Association of American Medical Colleges reports that physicians leave school with a staggering average of $189,165 in the red. While student loan debt may not “directly affect” your chances of getting approved for a mortgage,...
How to Finance New Construction
You may be thinking to yourself, why is it so difficult to find a new construction loan? Well, there are a couple more prerequisites that need to be met in order to receive this kind of mortgage. First, many new home-buyers have less than perfect credit,...
You Don’t Need 20% Down To Buy A Home
You’ve probably been told or have heard that in order to buy a home, you need at least 20% down. It’s a myth that discourages many from even pursuing their dream of owning a home. But, there is good news. If you’re reading this blog...
FHA Loans: Is It The Right Loan For Your Home Purchase?
So you want to learn more about FHA loans, you’ve come to the right place. Let’s start with some background knowledge. These are mortgage loans that are insured by the Federal Housing Administration, hence the acronym FHA. They’ve been around for over 80 years. FHA...