Tag: mortgage info
Why & How to Pay off Your Mortgage Faster
Read more: Why & How to Pay off Your Mortgage FasterFor many homeowners, their mortgage is the single largest debt they’ll ever carry—and the one that sticks around the longest. While a 30-year mortgage is a common choice due to its lower monthly payments, more and more people are exploring ways to accelerate the payoff timeline and save some money in the process. Read on…
How to Choose Financing Options: A Mortgage Infographic
Read more: How to Choose Financing Options: A Mortgage InfographicBuying a home soon? Be sure to weigh your mortgage options! There are multiple loan types to choose from and it’s important to select one that fits your needs and situation. While your loan officer will be your best resource for this decision, this infographic and article can act as a simplified explanation of the…
What’s So Special About Special Financing?
Read more: What’s So Special About Special Financing?Special financing. You’re familiar with the term, but its definition varies by industry. For example, some car dealers use “special financing” to describe financing options for people with bad credit who otherwise wouldn’t qualify for an auto loan. And some retailers have deferred-interest special financing options, which allow shoppers to make interest payments on their…
Mortgage Infographic: Get Your Credit Ready Before You Apply
Read more: Mortgage Infographic: Get Your Credit Ready Before You ApplyLooking to buy a new home soon? We’ve created a handy mortgage infographic to help you understand some of the factors that affect your credit score and the ways you can improve your score—an important consideration for any lender reviewing your mortgage application. Your credit score may influence what types of loans you can qualify…
3 Ways to Make Today’s Mortgage Interest Rates Work for You
Read more: 3 Ways to Make Today’s Mortgage Interest Rates Work for YouWondering if now is the right time to make a move? Today’s mortgage interest rates are very attractive, and we’ve detailed three ways in which you can leverage them to buy the home of your dreams. Read more.
5 Resources for Navigating Mortgage Options
Read more: 5 Resources for Navigating Mortgage OptionsWith so many available mortgage options, it can be confusing to know which path is right for you. The following online resources can help you understand the differences between loan types and answer other questions that may arise when financing your dream home. Fannie Mae® This site has information on everything from estimating mortgage payments…
The Truth About Mortgage Rates
Read more: The Truth About Mortgage RatesAfraid you’ve missed the best rates? Good news: They’re still great! See how this year’s mortgage trends stack up against historical averages. The takeaway: Rates may fluctuate from week to week, but in general, it’s a great time to buy a new home. Concentrating on factors you can control (your savings, your credit score, your…
Can My Family Help Me Finance a New Home?
Read more: Can My Family Help Me Finance a New Home?Homeownership is a very exciting prospect, but paying for a new house can be daunting. In this article, we share how your family can contribute funds to help you take this important step! Being able to purchase a new home with financial assistance from your family is a wonderful opportunity. To help cultivate a positive…
What Credit Score Do I Need for a Mortgage?
Read more: What Credit Score Do I Need for a Mortgage?Wondering what credit score you need to qualify for a mortgage? You’d be wise to ask. Your credit score (also known as a FICO® score) is one of the most important elements of qualifying for a home loan—and helps lenders determine your interest rate in the event you do qualify. While there isn’t a strict…
How Does PMI Help Homebuyers?
Read more: How Does PMI Help Homebuyers?If you’re familiar with private mortgage insurance (PMI), your gut reaction to that question is probably: it doesn’t. After all, the insurance is paid for by the homebuyer and it only protects the lender. Most articles about PMI focus on how to avoid paying it (have a 20% down payment ready!) or how to stop…
Student Debt and Buying a Home
Read more: Student Debt and Buying a HomeStudent debt is a hot topic these days, and little wonder: approximately 44.7 million Americans were paying back student loans as of 2017, according to the Federal Reserve Bank of New York (spreadsheet). If you’re one of them and have hopes of purchasing a home, the good news is that buying a home with student…
Home Buying Infographic: The Mortgage Process
Read more: Home Buying Infographic: The Mortgage ProcessWhether you’re a first-time home buyer or it’s just been a few years since you last looked into home financing, this infographic is for you! It gives a very simple overview of the mortgage process from start to finish and, if you want to dive deeper, a link to get our Mortgage Quick-reference Guide. Knowing what…
