COVID-19 and Your Mortgage Rate

Mortgage rates continue to move downward as COVID-19 causes concern for individuals and businesses. The stay-at-home actions taken by state and local government to control the spread has left many homeowners wondering how to get through this health and financial pandemic. Mortgage rates have dropped. Fixed mortgage rates started falling in January of 2020, and…

4 Ways to Know Whether It’s Time to Buy a House

Buying a home is an important life decision, so here are four ways to know whether it’s time to make this long-term investment!   1.   Is your budget ready? Sitting down and calculating your savings and monthly income will give you a clear picture of what you can handle budget-wise right now. Remember, you might…

5 Ways to Make Extra Cash to Pay Your Mortgage

Having a hard time coming up with your mortgage payment each month? There are plenty of ways to make a bit of extra cash to pay your mortgage. Here are 5 ideas to get you started. 1. Sell unneeded items While you may not think you have a lot to get rid of, you probably…

Essential Real Estate Terms You Should Know

If you are someone who is interested in buying a house any time soon, then you should learn these real estate terms and their meanings so that you have a better understanding of conversations with your real estate agent.  Contract Legal contract through which the buying and selling process is authorized. Buyers and Listing Agents…

Mortgage Myths (Busted!)

There are many myths surrounding mortgages that make this process seem complicated and overly confusing, especially when it is your first experience. You find yourself unconfident about any decision you make, simply because you are no longer able to tell true from false information. We know your struggle. For this reason, we gathered a list…

When Can You Get Your Earnest Money Back?

  What is Earnest Money? Earnest money is essentially a deposit that you, as a purchaser, put down to safeguard the buying of your new home. This money deters buyers from backing out of the sale for no good reason. There are certain times, however, that you can definitely get your earnest money back if…

Mortgage Options for Veterans

Veterans can benefit from the best mortgage options available today. To thank them for their military service, the VA loan program is offering veterans the greatest mortgage deals at the lowest interest rates. In fact, some of these offers do not even require a down payment. No wonder almost 80 percent of veterans used the…

How to Qualify for a Mortgage

If you are worried about the risks of getting a mortgage loan, it’s important to note that these risks are even higher for your lender. Of course, the property is held as collateral in all cases. But that’s not your lender’s goal.  In fact, they prefer you to meet your monthly payments and get full…

How To Determine How Much House You Can Afford

Figuring out how much house you can afford can be one of the most frustrating steps in the homebuying process. But it’s crucial to know how much house you can afford before you start the searching process to ensure you are looking at homes that fit both your needs and your financial capabilities. Follow these…

Cosigning a Loan – Understanding the Reasons & Risks

Cosigning a loan is one of the benefits of having a high credit score. It allows you the opportunity to help out another person financially. But you need to consider the risks and figure out if cosigning a loan is the right choice for you. Some of the reasons and risks associated with cosigning a...