The Facts About Refinancing Into A New 30-Year Loan Term
Is refinancing your 30-year mortgage a good idea? That's the question we've been getting lately. It's no wonder! Current mortgage rates are excellent, making homeowners take a second look at their existing home loans. If refinancing your 30-year mortgage to lower your monthly payment or to have possibly some extra funds for saving or investing sounds like you, you'll want to read this article. Have you already decided that you need to refinance into a lower-rate mortgage? Get
What's the Difference Between Hazard Insurance and Homeowner's Insurance?
You'll likely hear the term ‘hazard insurance’ when you're applying for a home loan. Hazard insurance is not a separate insurance policy but rather part of your homeowner's insurance policy. How much coverage and the cost of coverage varies, but every mortgage will require some sort of hazard insurance. Find out more about what hazard insurance covers and why it's a required part of your mortgage. What does hazard insurance cover? Like mentioned above, hazard insurance and ho
Getting Ready to Buy Your First Home
Congratulations! Deciding to buy your first home is exciting --although, we understand that sometimes it can be confusing. That’s why we make applying for a home loan fast and stress-free. And with some preparation, it can be even faster! Look over the checklist to see what you'll need to apply for a first-time home loan. If you have any questions, please contact us. We’re here to help! What You Need To Buy A Home Credit Report After getting some basic information, like your
How To Qualify for a Fannie Mae Loan To Buy An Apartment Building
You have several options for commercial loans, however, we're going to focus on buying an apartment complex with a Fannie Mae loan. Fannie Mae is a popular government-backed loan with rates that are typically lower than other property loans. This mortgage program can be used for both multifamily properties and mixed-use commercial properties that are primarily residential. Applying is the same as any other type of mortgage, but there are some differences when it comes to qual
