Buying your first home is a great moment in life. It will lead you to form lasting relationships with your community and neighbors. There are lots of exciting choices to make like city vs. suburbs. vs. rural, which neighborhood, school … Read More
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REFINANCING YOUR MORTGAGE
Refinancing is a word used frequently in the world of mortgages. What is it? Is this an option for me? When should I? How can I? These are all questions we ask ourselves as we explore mortgage decisions. Deciding to … Read More
REVERSE MORTGAGE
Are you looking to tap into extra equity while in retirement? Is most of your equity tied up in your home? Are you age 62 or older? A reverse mortgage may be an option for you. We will dive a … Read More
FHA AND VA MORTGAGES – WHAT IS THE DIFFERENCE?
FHA stands for Federal Housing Administration. VA is short for Veterans Affairs in US Departments of Veterans Affairs. They are both US government organizations that insure home loans. This article will walk you through the difference between FHA and VA … Read More
ADJUSTABLE RATE MORTGAGES (ARMS) EXPLAINED
Adjustable Rate Mortgages, ARMs for short, got a bad wrap during and after the credit crisis, because many borrowers felt that they were not informed nor educated about the product when they purchased an ARM. It is important to work … Read More
AMORTIZATION SCHEDULE BREAKDOWN
As you start exploring different mortgage options the term “amortization” will be brought up quite a bit. Not to worry. We are here to breakdown amortization and how it impacts your mortgage. What is Amortization? Amortization is making a fixed … Read More