Understanding the Differences Between Construction Loans and Mortgages

2024-02-24T06:39:03-05:00Construction Loans|

Construction loans and mortgages are two important tools in the world of real estate financing. They each have specific purposes and come with their own set of rules and requirements. These differences cater to various needs when it comes to buying or building properties. Purpose Construction Loan: A construction loan is specifically designed to finance

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.

Buydowns vs. ARMs: How to Decide Which Mortgage Option is Best for You

2023-06-02T14:00:10-04:00Mortagage Tips|

Congratulations! You're about to embark on an exciting journey of buying a new home. As you navigate through all the decisions involved in this process, it's important to have as much information as possible to make the right choices for you and your family. One of the biggest decisions you'll make is choosing the right

Expanded Guidelines For Debt Ratios, Lot Loans, Construction Loans, And Mortgages


Ed Currie and his team understand the importance of getting you the loan you need to move into your new home, so we’ve expanded our guidelines to make the process even easier, and to help you qualify for the loan you need.  Expanded Debt Ratios We’ve expanded our debt ratios up to 50 percent in

How I Learned To Stop Worrying And Love ARMs

2022-03-21T14:39:51-04:00Mortagage Tips|

Just the thought, idea or hearing the term adjustable-rate mortgage (ARM) can create a negative reaction in people. Some people would prefer riding on an atomic weapon just as Slim Pickens did in Stanley Kubrick’s famous movie than to get an ARM. This reaction is perfectly understandable. About 90% of mortgages people take out are

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

Top 9 Home Renovation Ideas For Summer

2021-05-06T13:59:55-04:00Around The Home|

The vibrant warmth of summer days make it a great time to refresh your living space. The sunshine means more pleasant weather days for construction, and summer vacation can make it easier for the kids to deal with disruptions in their daily routine. Here are some great ways to assess any winter damage and restore

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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