Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

2023-09-27T05:45:00-04:00Home Mortgage Tips|

Buying a home is one of the largest investments you will make in your life, and that's why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here's why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it.

Home Equity Loans: Accessing the Value of Your Property

2023-07-03T10:26:16-04:00Home Mortgage Tips|

Your home is more than just a place to live—it's an asset that can be leveraged to achieve various financial goals. Home equity loans provide homeowners with a means to tap into the value they have built in their properties. In this article, we will explore the ins and outs of home equity loans, how

It’s An ARM Market And We’re An ARM Lender

2022-11-10T16:18:47-05:00Home Mortgage Tips|

Like a lot of people, I never thought I would see a 7.0% rate on a 30-year fixed mortgage again. But here we are. And it appears that 7.0% is the breaking point for most borrowers. Rates have simply moved too fast and too high. The result has been a significant demand in Adjustable Mortgage

How To Avoid The New Higher Interest Rates On Second Homes

2022-02-17T17:03:26-05:00Home Mortgage Tips|

It used to be that the rates for buying or refinancing a second home were more or less the same as those for buying or refinancing a primary home. Those days are gone now, though. The Federal Housing Finance Agency is going to raise fees/rates as of April 1, 2022 on some home loans, specifically

What You Should Know About Property Taxes

2021-07-20T14:59:44-04:00Home Mortgage Tips, Home Tips, Property Tax, Real Estate|

Most new homebuyers are aware of property taxes, but have no idea how much they may end up spending on them each year. The excitement about the new home and community can make it hard to focus on the nitty-gritty, but understanding how much property tax you may owe is essential to knowing if you

How Millennials Are Changing The Housing Market

2021-03-04T21:06:24-05:00Home Buying Tips, Home Mortgage Tips|

Every generation makes its mark on society with certain notable characteristics. The Boomer generation is remembered for their contributions to building the American economy, while Gen Z is associated with the start of social media. The housing market has not been immune to the generational changes, and Millennials, the generation of Americans born between 1981

Three Tips For Reducing Your Closing Costs If You’re Looking Forward To Buying A Home In The Spring

2021-02-23T13:40:13-05:00Home Mortgage Tips|

Home buying has costs associated with it other than the mortgage itself. Known as closing costs,,these fees are a part of the home buying process and they are due at the time that the mortgage is finalized. Buyers, however, can negotiate these costs and reduce the expense with a little bit of effort and with the help of a good mortgage professional.

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