When you’re buying a home or considering refinancing, one of the biggest questions you’ll face is: What kind of mortgage rate will I get? Mortgage interest rates aren’t pulled out of thin air. They’re the result of a complex mix of economic factors, market forces, and personal financial health. Knowing how these rates are determined […]
How Are Mortgage Rates Determined? Read More »
When it comes to buying a home, many people assume they need a hefty down payment or perfect credit to qualify. But what if we told you there’s a government-backed loan program that offers zero down payment and low interest rates? If you’re buying in a rural or even suburban area, a USDA home loan
What Is a USDA Home Loan and How Does It Work? Read More »
Life happens—and sometimes that means missing a mortgage payment. Whether it’s an unexpected expense, a job change, or just forgetfulness, falling behind on your mortgage can feel overwhelming. But don’t panic. Understanding what actually happens when you missed a mortgage payment and knowing what steps to take can help you get back on track without
Missed a Mortgage Payment? What Happens Next Read More »
When homeowners look for ways to reduce their mortgage payments, they often think of refinancing. However, mortgage recasting is another lesser-known but effective strategy that can help lower monthly payments without the hassle of securing a new loan. This article explores what mortgage recasting is, its pros and cons, and how it compares to refinancing.
Mortgage Recasting Explained: Is It Right for You? Read More »
When it comes to retirement, one big decision is whether to rent or own your home. Both options have their ups and downs, and what works best for you may depend on factors like finances, lifestyle, and what you want to leave behind for loved ones. Let’s explore the benefits and challenges of each choice
Renting vs. Owning in Retirement: What’s Best for You? Read More »
Bridge loans serve as a short-term financing option for homebuyers who need to bridge the gap between the purchase of a new home and the sale of their current one. This type of loan can be crucial in competitive real estate markets where securing a new home is contingent on selling an existing one. How
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Back in 1994, as a young couple with three small children, we qualified for a USDA home loan for first time homebuyers. Our interest rate was 9.99%, and we didn’t bat an eye about it as that was cheap in comparison to any others. When I built a house in 2008, the interest rate dropped
The History Of Mortgage Interest Rates In The US Read More »
The journey to own a home is a milestone filled with excitement and challenges, with financing being a pivotal part. Navigating through the world of home loans can be daunting, yet it’s an essential step in turning your dream home into reality. This guide dives deep into the realm of home financing, unraveling the complexities
How to Finance a New Home: Smart Investor Tips Read More »
When it comes to financing a home purchase, potential homeowners have several options to choose from. One of these options is a piggyback mortgage. Piggyback mortgages, also known as combo loans or 80-10-10 loans, offer an alternative approach to traditional mortgage financing. In this article, we’ll explore what piggyback mortgages are, how they work, why
Exploring The Piggyback Mortgage Option For Home Ownership Read More »
Refinancing your home loan is a great way to save money in the long run. But when is the right time to refinance, and what options are available? To help you understand all that refinancing has to offer, this comprehensive guide will cover everything from why refinancing could lead to big savings, how to maximize
When to Refinance: A Comprehensive Guide for Homeowners Read More »
