Tag: Mortgage

Posted on 08/25/2024
Are Your Eligible for a VA Loan? Basic Info to Know
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...
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Posted on 10/16/2022
Home refinance costs to consider
Refinancing your home can have major benefits: a lower monthly payment, cash use of home equity for a variety of purposes, generate more appetizing mortgage terms, etc. However, there are a few things to remember when entering into a mortgage refinance, like refinance cost. Here are a couple of cost options to remember when you’re ready to refinance...
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Posted on 01/09/2022
First-Time Homebuyers: 4 Things to Do Before You Find Your Home
Excited to shop for your first home? Before you schedule showings and attending open houses, there are a few steps you should take to prepare. 1. Check Your Credit Score If you're like most first-time homebuyers, you'll need to take out a mortgage in order to pay for your home. Before you apply for any kind of home...
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Posted on 12/27/2020
How to Get Home Financing as a Freelancer
Photo by 200 Degrees via Pixabay The gig economy has exploded over the past decade. Today, around 36% of the US workforce is freelancing and many more or self-employed small business owners. While being your own boss does afford you great freedom to set your hours and often work where you want, you may face extra scrutiny when...
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Posted on 04/19/2020
Home Financing - PMI and Down Payments
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...
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Posted on 01/19/2020
What You Need to Know About Employment Verification and Mortgages
Applying for a mortgage is a big step towards homeownership and financial independence. If it’s your first time buying a home, you might be curious (and a little intimidated) about all of the things that go into your mortgage application. When reviewing your application, mortgage lenders are trying to determine how risky it is to lend you money. If...
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Posted on 09/29/2019
What Length of Mortgage is Best for You?
People focus mostly on the interest rate when looking for the best mortgage. Other than the interest rate, there are some other variables to consider when looking for a mortgage that is ideal for you. One of the variables that you should consider is the length of the mortgage agreement. There are various options available, so you need...
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