Tag: Mortgage

Posted on 09/10/2023

How to Know if You're Eligible for a VA Loan

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 06/05/2022

How long does it take to buy a house: 2 Major factors to know

If you’re interested in purchasing property, you might be wondering, “how long does it take to buy a house?” Home buying is a lengthy process even when everything goes smoothly, and can easily become longer and more complicated with every potential hiccup. To help you better prepare for the process and save time, here are some key tips...

Home Buying

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Posted on 03/13/2022

What Is Seller Financing?

In real estate transactions, homebuyers have to obtain some kind of financing. Typically, this additional monetary support comes from a third party institution like a bank or mortgage lender. However, sometimes the seller may also offer financing directly. There are many options available depending on the specific need and situation. Here is a basic overview of seller financing...

Financing

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Posted on 10/10/2021

Should You Finance with a Credit Union?

Image by Pete Linforth from Pixabay Property buyers today may think of a credit union as an alternative form of lending and ultimately meant for people who don't fit the stereotypical borrower. But this assumption may a little unfair once you learn the facts. Credit unions present several unique opportunities that you simply won't find anywhere else. We'll...

Financing

General Finance

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Posted on 11/01/2020

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...

PMI

Mortgage

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Posted on 07/12/2020

Why It's Critical to Shop for Mortgage Rates

Photo by Nattanan Kanchanaprat via Pixabay Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put...

Mortgage

Mortgage Rates

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Posted on 03/29/2020

How to Grow Your Portfolio with an Assumable Mortgage

Image by Tumisu from Pixabay It's easy to think that investing in real estate is an incredibly expensive venture. You may think you need thousands if not tens of thousands saved before you can even think about it. But there are ways to jumpstart your portfolio even if you're renting one of the cheapest apartments in your neighborhood....

Investment

Mortgage

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Posted on 10/20/2019

Mortgage Type - What Does That Mean?

Multiple options are available when it comes to real estate loans. Figuring out which one you need can be disconcerting, to say the least. So, if you’re new to the game, here’s a quick guide to help you along. Standard Mortgages: Conventional – Loans that fall within the FNMA/FHLMC (Fannie Mae/Freddie Mac) guidelines where the Federal government is...

Mortgage

Real Estate

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Posted on 10/13/2019

Securing a Mortgage Loan Against Another Property

Most people that obtain a mortgage loan against another property usually plan to buy a second house. This means that they are not ready to sell or move out of their existing place of residence, but they wish to have a second house that they can occupy later, use as a vacation retreat or as an income property....

Mortgage

Second Home

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Posted on 06/09/2019

Ready to Buy a House?

You’ve been a renter for a long time because you knew you had wanderlust and might pick up and move at the end of your lease. Now you've stayed in the same place for a couple of years. You've put down roots and built relationships. You have a sense of community. But are you ready to buy? Buying...

Mortgage

Homeownership Costs

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Posted on 01/21/2019

Is Pre-Approval Necessary?

If you’re ready to buy a home, you probably have done a lot of research. One thing is sure: You know you need to get pre-approved for a mortgage. It’s perhaps the most critical step in the process of buying a home for a variety of reasons. There’s down payments and debt-to-income ratios, and other financial issues to worry...

Mortgage

Buying A Home

Posted on 10/22/2018

Answers to Mortgage Questions You Were Afraid to Ask

If you’re a first time homebuyer and want to start weighing your mortgage options, you’ll have much to learn. With so much at stake, you’ll want to make sure you choose the best mortgage for you now, and one that will still suit your needs years into the future. Sometimes, first time buyers are hesitant to ask questions they...

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