Interest rates are up and the housing market is adjusting. Learn more about the shift from a seller’s market to a buyer’s market and the steps you should take.
The first decision you must make when you’re applying for a home loan is whether you will use a mortgage broker or retail lender. This article explains what they are and can do for you in the home buying or refinance process.
The rising costs of inflation are hitting all American households, but especially senior citizens on a fixed income. If you’re 62 or older, or if you help manage the affairs of a loved one who is a senior citizen, it’s worth it to learn more about reverse mortgages and how to take advantage of the equity built up in your or their home. It could ease the burden of paying for monthly expenses and even help purchase a different home without having to qualify for a conventional loan.
Mortgage interest rates are on the rise. Last week ended with a 30-year fixed-rate mortgage averaged at 5.11%. That’s up from 2.97% last year at this time. The increase impacts everyone.
For some of us, reviewing our budget, assets, debts, and credit is a daunting task. The best advice we can give is to take it one step at a time. There are articles on in this learning center that help with each part of this process. This article focuses on five important financial aspects of the loan the process.
Everyone makes mistakes. We’re human after all. There are, however, some mistakes you can avoid when you’re buying a home. Here are the top five mistakes made during the home buying and loan process.
We’ve created a loan comparison chart for your convenience. This chart compares some of the most common requirements and the differences between five popular loan programs.
Are you ready to step into the world of real estate investment? This article covers the basics on investment property loans including the difference between residential and investment loans, types of loans, requirements, and pros and cons.
Not every home is turnkey ready. In fact, you may be looking for a house that needs work because of your budget or because you want to make it your own with renovations and remodeling. If you’re in the market for a fixer-upper, there are loans that can help you purchase the property and pay for the improvements. These loans are commonly called rehab or renovation loans.
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