Tag: Mortgage

Posted on 08/04/2024
What is the term of a mortgage? Your questions answered
A major aspect of financing a home is choosing the “term”...
Adjustable Rate Mortgage
Fixed Rate Mortgage
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Posted on 03/17/2024
A buyer's guide to choosing a down payment on a house
A major step in the homebuying process is paying the down...
Home Financing
Down Payment
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Posted on 02/04/2024
Veteran Mortgage Relief Guide: Key Terms & Details
The U.S. government has multiple options available for military veterans who may be facing foreclosure. Through the Department of Veterans Affairs, borrowers can get financial relief through means such as forbearance, deferment, refinancing and more. However, there are some crucial details to be aware of. Here are some of the most important things to know about current veteran...
Mortgage
Mortgage
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Posted on 01/08/2023
3 Financial real estate terms you should know
The more real estate terms you understand, the more comfortable you will be in your home buying process. This is especially true for financial vocabulary related to real estate transactions. To help familiarize you with some of these important concepts, here is a quick guide to financial real estate terms: Fixed rate mortgage A fixed rate mortgage is...
Down Payment
Fair Market Value
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Posted on 10/30/2022
Pros and cons: Mortgage points
When buying a home, many homebuyers tend to search for the best mortgage interest rates available. While some may find that perfect rate, others may opt to take advantage of lender-provided options, such as mortgage points. Mortgage points are designed to help buyers bring down their interest rates by paying them ahead of time. Sometimes considered “discount points,”...
Home Finance
Home Financing
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Posted on 06/05/2022
Loans: Is an FHA Right for You?
If you're in the market for your first home, there's a good chance you'll need to take out a mortgage. One of the most popular mortgage types (especially for first-time buyers) is known as a Federal Housing Administration (FHA) loan. What is an FHA Loan? Specifically, an FHA loan refers to one that is backed and insured by...
FHA
Fha
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Posted on 03/13/2022
The Major Variables Affecting the Price of Homes
Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...
Economy
Home Prices
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