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...
Category: Intro to Mortgages
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?
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?
An annual percentage rate (APR) is the amount you’ll pay in interest plus extra fees. Essentially, this amounts to the annual price for borrowing money from your lender.
You may think the words pre-qualification and pre-approval can be used interchangeably, but the fact of the matter is these words...