CoreLogic recently released its Home Price Appreciation Report, revealing that home prices in the US appreciated by 6.9% in 2022. This growth is expected to continue in 2023, with the company forecasting a 3% increase in home prices. While the media and neigh sayers think we are headed for a housing bubble or crash… it Read More…
Mortgage Tips & Trends
Conventional Loans for First-Time Home Buyers
A conventional loan for first-time home buyers is a traditional mortgage loan that meets the parameters set by Freddie Mac or Fannie Mae. Conventional loans require some percentage of down payment, depending on the mortgage you choose, and your credit score typically must be 620 or higher. In addition to credit score, conventional loans for Read More…
Bank Statement Loans for First-Time Home Buyers
Bank statement loans for first-time buyers are a way to secure a mortgage using non-traditional means. When you have self-employed income that you are depositing into a bank account, you can obtain a mortgage through a bank statement loan. A bank statement loan can make it easier for business owners, contractors, and freelancers to provide Read More…
FHA Loans for First-Time Home Buyers
FHA loans for first-time home buyers make it more affordable for aspiring homeowners to purchase a home. The Federal Housing Authority (FHA) was established in 1934 as part of an effort to make homeownership more affordable for buyers that meet specific criteria. An FHA home loan for first-time home buyers is insured by the federal Read More…
VA Loans for First-Time Home Buyers
Serving your country in the military can make you eligible for a VA loan, a home financing option that comes with a number of valuable benefits. That’s why we encourage both present and former service members to consider VA loans as they weigh their home financing options. VA loans for first-time buyers can potentially save Read More…
Adjustable-rate vs. Fixed-rate Mortgages
If you are thinking about purchasing a new home, you might not be in a position to purchase a home with cash alone. Fortunately, you do not need to save up hundreds of thousands of dollars to qualify for a house. There are plenty of loan options available, but every buyer is in a different Read More…
How To Get The Best Home Loans For Bad Credit
Having bad credit doesn’t always mean that you won’t be able to get a mortgage or home equity loan, although it does complicate your efforts. There are ways for you to get the funding you need to buy or borrow against the equity of your home even when your credit rating isn’t great. The following Read More…
Types of Home Loans
If you are interested in purchasing a home, there is a good chance that you will have to take out a mortgage. Not a lot of people can purchase a home with cash, but thankfully there are multiple types of mortgage loans to choose from. It is important to think about the different types of Read More…
HELOC vs Home Equity Loan Explained
A HELOC (Home Equity Line of Credit) and a HELOAN (Home Equity Loan) are both secured by the equity in your home. The main difference between a HELOC and a HELOAN comes down to how you get and use the money. A HELOC loan is akin to a credit card in that it’s a line Read More…
Escrow Explained
If you are thinking about applying for a home loan, there is one word that is going to come up over and over again: escrow. So, what is escrow in a mortgage, and what do you need to know about mortgage escrow? There are some situations where this could be beneficial, and there are other Read More…