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Purchase

How To Raise Down Payment To Purchase A Home
Purchase

How To Raise Down Payment To Purchase A Home

Putting down 20 percent used to be the norm to buy a home, not anymore. Rising home prices made it difficult for most people to even afford half that much. To combat a slump in home sales, the industry came up with several programs to keep people buying homes. In this article, we explain the…

Top Last Minute Valentine’s Day Gifts From Him To Her
Gift GuidePurchase

Top Last Minute Valentine’s Day Gifts From Him To Her

The classic Valentine’s Day scenario has befallen us all. The afternoon of February 13th rolls around, and all of the sudden the significance of that day hits you like a ton of bricks—tomorrow’s Valentine’s Day, and you have not done a thing for your sweetheart yet. So you visit your local grocer or drugstore at the 11th hour and grab a dozen roses, some chocolates, and a nice bottle of wine. Chances are you will also see a handful of other forgetful individuals frantically doing the same thing.

What is an ARM Home Loan?
Purchase

What is an ARM Home Loan?

While looking into purchasing a home, you’re likely to explore a number of different financing options; throughout your exploration, you may encounter the term “ARM Loan.” ARM stands for Adjustable Mortgage Rate, meaning that the interest rate of a mortgage is not fixed for the entire term of the loan. Instead, the mortgage is fixed for an initial period, once the initial period expires, the rate may be adjusted to reflect movements in an interest rate index with which the loan is associated.

Homes For Heros: Mortgage Options For Veterans
PurchaseRefinance

Homes For Heros: Mortgage Options For Veterans

Our country has the largest and most powerful military tradition in the world’s history; comprised of millions of American men and women who, through their bravery and sacrifice, have afforded us the freedoms we enjoy every day. We take pride in our brave service members and offer a wide array of programs designed to benefit and support them during and after their service. One of the most notable opportunities available to military veterans is home mortgage assistance. Becoming a homeowner is an integral component of the American dream; as benefactors of that dream, it’s only right that these heroes are given the opportunity to enjoy one of their own.

FHA vs. Conventional Loans
PurchaseRefinance

FHA vs. Conventional Loans

Because a home purchase will likely be one of the most expensive purchases you’ll make, how you finance your purchase is one of the most critical decisions you make in the process. There are two main financing options for mortgages: FHA loans and conventional loans.

How much money do I need for a down payment on a house?
Purchase

How much money do I need for a down payment on a house?

Everyone loves the idea of becoming a homeowner, but the truth is, it can be one of the most rigorous, at times even invasive processes one can experience. Your finances will be scrutinized; outstanding past debt, bankruptcies, rental history, late payments on an automobile lease- any blemish in your financial history will be brought to the forefront and put under a microscope. As if that doesn’t sound complicated enough, you’ll need to have a sizeable lump sum of money up front as a down payment in order to secure a mortgage for your home. So how much cash do you actually need for a down payment? There are several factors that are taken into consideration when determining how much money you’ll need up front.

15-Year vs 30-Year Mortgages
Purchase

15-Year vs 30-Year Mortgages

Mortgages are a cornerstone of the American dream. These loans allow the average citizen to afford to purchase homes and pay off a lender (typically a financial institution such as a bank) at an interest until the balance of the purchase is satisfied, at which point the title and ownership of the home officially transfers…

How to Determine If You Should Use a Mortgage Broker
Purchase

How to Determine If You Should Use a Mortgage Broker

This is it; you’ve found your dream home. It’s in the perfect neighborhood, with great schools, restaurants, and shopping all in close proximity. As if all of those reasons weren’t enough to make you pull the trigger, it’s also an easy commute to and from work- Bingo! Sounds like home. Jordan JacobsJordan has worked as…

New Buyers GuidePurchaseVideos

Home Inspection Tips and Tricks

Know what to look out for when inspecting a prospective home your are trying to purchase: Jordan JacobsJordan has worked as a mortgage lender and real estate agent. He is a self-described “housing professional” with over 20 years of experience in the industry. After retiring at the early age of 50, he shifted his focus to sharing…