Tag: Mortgage

Posted on 07/21/2024

Are Your Eligible for a VA Loan? Basic Info to Know

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

Active Duty

Eligibility

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Posted on 10/10/2021

Are Land Contracts Good for Sellers?

A land contract is a type of seller financing that has many benefits both for buyer and seller. In a land contract, the seller provides credit instead of a lender or bank. The buyer makes their regular payments to the seller directly. Once the total price is paid in full, the seller gives the buyer the title to...

Home Seller

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Posted on 06/15/2021

Mortgages for First-Time Homebuyers: The Basics

Image by Tumisu from Pixabay Financing a new home can seem overwhelming. For first-time homebuyers, the entire concept of obtaining a mortgage might seem especially daunting. There are many different lenders and many different types of mortgages available, so it's difficult to know which ones are best. Here we will go over the common mortgage types available to...

First Home

First Time Buyer

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Posted on 04/04/2021

Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...

Down Payment

Mortgage

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Posted on 09/20/2020

How Credit can Impact Your Mortgage Payments

Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...

Credit Score

Mortgage

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Posted on 03/15/2020

Pros & Cons of "Subject-to" Real Estate

Image by Gerd Altmann from Pixabay When you're considering buying real estate as an investment, it's a good idea to weigh the pros and cons. That's especially important with "subject-to" real estate, because there can be risks and rewards with this type of property that are different from traditional purchases. Here's what you should be considering, before you...

Home Loan

Investment

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Posted on 11/17/2019

Increase Your Credit Score Quickly Before Applying for a Mortgage

It’s hard to overstate the importance of credit scores when it comes to buying a home. Along with your down payment, your credit score is a deciding factor of getting approved and securing a low interest rate. Credit can be complicated. And, if you want to buy a home in the near future, it can seem daunting to try...

Credit Score

Mortgage

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Posted on 09/29/2019

8 Real Estate Terms You Should Know

Home buying and selling can be a complicated process, especially for first-timers. The vocabulary involved will only compound your confusion if you jump right into it without knowing what they mean. Real estate, like other fields, has some terms that are peculiar to it. Before you set out to list your home for sale or seek to buy...

Mortgage

Real Estate

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Posted on 08/04/2019

What Are the Costs for Securing a Mortgage?

Securing a mortgage to buy a home is probably one of the best and most important milestones in a person's life. It comes with a lot of benefits and bragging rights. But, even with all of the butterflies and feelings of being on cloud nine, the truth of the matter is that there are also costs in securing...

Homebuyers

Mortgage

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