Tag: Mortgage

Posted on 01/09/2022

Avoid Common First-Time Homebuyer Mistakes With These Tips

Photo by William Fortunato from Pexels Buying a home is a big decision made up of dozens of smaller decisions. With so many moving parts in the process it's difficult to know you’re making the best choices. Some of the most important choices in buying a home have to do with finances. Here we will go over some...

First Time Buyer

Credit Score

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Posted on 05/30/2021

Pros and Cons of Balloon Mortgages

Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...

Homebuyers

Financing

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Posted on 10/11/2020

Home Financing - PMI and Down Payments

Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...

PMI

Mortgage

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Posted on 06/11/2020

3 Ways to Prepare Your Credit Before Your House Hunt Begins

Photo by bongkarn thanyakij from Pexels Shopping for a new home should be an exciting experience, but if you are unsure of where you stand with your credit, it can be a little nerve-wracking. Having good credit will not only help you to secure more favorable interest rates for your mortgage, but it can also help you to...

Mortgage

Loan

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