12
Apr
By support
Mortgage, ,

Look Beyond The Interest Rate: What Else Matters When Choosing A Mortgage Lender?

Most consumers securing a mortgage plan to remain in that loan for 30 years. During that time, the borrower maintains a relationship with the loan servicer or lender. Most often, home buyers do not think twice about who the mortgage lender is, but rather focus on the interest rates offered. Look beyond this information. Borrowers need to take into consideration much more before they sign on the dotted line. Here's what to look for specifically: Choosing a Specialized Lender Can Help Home buyers interested in special loan programs must select a lender approved to provide those loans. FHA, USDA and…
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11
Apr
By support
Mortgage, ,

How The 2018 Tax Changes Can Affect Your Mortgage

When the chatter was at its peak on the 2018 tax law changes being proposed, one of the big areas of concern for homeowners was the elimination of the mortgage interest deduction. Right behind that issue was a similar treatment with regards to property tax deductions. As the rumors swirled and Congress moved, many feared both deductions had finally met their day and were going to be entirely eliminated, resulting in a major financial hit that many homeowners and particularly those in high real estate cost states would have felt painfully. As it turned out, there's no reason to panic…
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10
Apr
By support
Mortgage, ,

Manage These 3 Items Before Applying For A Mortgage

Mortgage lenders weigh the risk of getting their principal and interest paid back by looking at the qualities of the prospective borrrower. And due to the amount of money being requested and lent to purchase homes, those requirements can become daunting.  Working with a trusted and qualified mortgage professional makes this sometimes confusing process a little clearer. To this end, there are three things that a potential homebuyer can do to prepare for the mortgage approval process. Manage Debt And Credit Levels For many homebuyers, managing their credit score is the biggest challenge. Mortgage lenders like buyers with strong credit.…
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05
Apr
By support
Mortgage, ,

Should You Consider an Adjustable Rate Mortgage For Your Home Purchase?

With mortgage rates finally looking like they may move upward a bit as the overall market improves the adjustable rate mortgage starts to come into play again. Better known as the ARM home loan, the adjustable rate mortgage can be a flexible, powerful tool, depending on how it is used. ARMs Can Help Save On Total Interest Expense When rates were higher years ago, the ARM was an alternative way to obtain financing for a home without paying as much in interest with every payment. This was ideal for folks who felt that a few years forward the regular market…
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03
Apr
By support
Mortgage, ,

Questions and Answers Regarding The Veterans Loan Program

Owning a home is important to military veterans just like the majority of other consumers.  The Veteran's Administration has provided an exceptional benefit for those who have served (or are currently serving) in any of the armed forces. And this VA Loan Program is helping thousands of service members achieve the goal of home ownership. There are a number of questions that come up regarding the fees and qualifications of the VA Loan Program.   What Are The Specific VA Fees? Many veterans and active military personnel like the fact that VA loans don't require private mortgage insurance (PMI). PMI has…
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