“Forbearance” is becoming quite a common term these days as the Coronavirus pandemic continues. As the word becomes more popular, it’s increasingly important for those who could benefit from forbearance be aware of what the term actually means.
Category: Intro to Mortgages
As the Coronavirus pandemic continues, financial uncertainty has unfortunately become the norm for many families. However, many homeowners may be able to catch a break through cash-out refinances. Refinancing involves...
Refinancing is the process of paying off your original mortgage and replacing it with a new one. If your current financial situation is different from what it was when your first mortgage was originated, you may benefit from a refinance.
One phrase you’ll see repeatedly if you're buying a home is “annual percentage rate” or APR. But what does that mean?
Typically, the higher the risk, the higher the interest rate. But you aren’t the only factor a lender uses to assess the risk.
A VA loan is a home loan that is guaranteed by the United States Department of Veteran Affairs. The loan is designed to help make home ownership possible for those who are currently serving or have served in the military.
Having your mortgage application denied is probably a lot more common than you think. The truth is, there are a wide variety of reasons as to why you might not get approved.
We all know that building home equity is good, but why? How is home equity helpful? Before we get into why you want to build equity in your home, we need to learn what home equity is.
In 1935, the U.S. Department of Agriculture released a loan program intended to help populate more rural areas. Fast forward to 2019, the USDA loan is still a great way to help finance a home in these rural areas.
One of the most common confusions in the home buying process is the difference between private mortgage insurance and mortgage insurance premium. So what's the difference?