Mortgage Loans

Nov. 12, 2018

A Quick Guide To Real Estate Escrow

A Quick Guide To Real Estate Escrow
What does Escrow mean?

Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The funds …

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Oct. 22, 2018

Some Relief from Mortgage Rate Increases for Buyers

After weeks of gradual increases, the 30-year fixed-rate mortgage decreased a bit this week. This slight dip offers potential buyers a small window of opportunity to possibly lock in a lower borrowing rate.

From Freddie Mac:

"The modest decline in mortgage rates is a welcome respite from the …

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Sept. 6, 2018

3 Surprising Features that Could Increase Your Home's Value

To understand how much your home is worth, it's important to understand the variety of factors that go into assessing the value, both existing (assessed and appraised) value, as well as potential real value on the market. 

There are thousands of data points extrapolated to determine home values and …

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Sept. 4, 2018

How To Build Equity in Your Home

More people than ever are buying homes which is great news! It means more people have a chance at building wealth through homeownership. But if you really want to build wealth, you have to build equity.

Home equity is the percentage of your home's market value that you own...and …

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Aug. 28, 2018

Finding the Right Down Payment Strategy for You

You've probably heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid. It shows you have the financial discipline and stability to save for a long-term goal, it helps you get favorable rates from lenders, and it …

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July 17, 2018

Mortgage Interest Rates Projected to Rise Slightly

Hovering at 4.5%, interest rates remain at record lows. when you look at the graph above, it's incredible how much difference your rate can make in your monthly payment...and consequently, how much house you can afford to buy.

According to FreddieMac, rates are projected to climb to 5.1% …

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July 11, 2018

Home Loans for Veterans

VA Loans - Helping Veterans and Active Duty Service Members Buy A Home.

The VA Home Loan was created in 1944 to help service members purchase homes when returning from duty without the standard requirements of a down payment or excellent credit score. VA Loans are issued by …

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Oct. 17, 2013

What You Should Know Before Taking a Home Mortgage

Managing your finances takes careful planning, having a budget in place, and keeping funds set aside should an emergency arise. You must know what your income is and how that balances with the expenditures that you have each week or month; maintaining a strong credit score and meeting your financial …

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Posted in Buyers, Mortgage Loans