Category: Mortgage 101

July 15, 2022

ARM Loan Guide: Everything You Need to Know About ARM Loans

Perhaps you already know that acquiring a home comes with a lot of hassle for many people, especially the payment. Thus, they turn to different low-rate mortgage plans and loans. In this light, a very reliable and low-rate loan to settle your mortgage, buy a new home or even refinance your mortgage is the ARM […]

3 min read
July 5, 2022

FHA Loans: What it is, How Does it Work, and How to Apply

In this article, you will learn what the FHA loan is all about, how it works, what makes you qualify for it, and how to apply for it.

4 min read
February 11, 2022

15 vs. 30 Year Mortgage: Which is Better?

Not sure whether to get a 15-year mortgage vs. a 30 year? Keep reading to find out the benefits of each.

3 min read
December 6, 2021

Getting Preapproved vs. Getting Prequalified

Preapproval and prequalification are two important words for new homeowners looking to get homes on the mortgage. Here is the difference between the two!

3 min read
November 19, 2021

5 Renovations You Can Make to Increase Your Resale Value

Looking to sell your home? Here, we highlight five of the most profitable renovations that will improve the value of your home.

3 min read
October 1, 2021

Qualifying For a Mortgage When You're Self-Employed

You may have heard that mortgage lenders do not want to grant you a mortgage if you are self-employed. Learn why this statement is false.

3 min read
March 2, 2021

Is it a Good Time to Consider a 15-year Mortgage?

If you are still struggling with the decision of which type of mortgage would be best for you, read our recent blog about 15-year mortgages.

2 min read
February 18, 2021

Buying a Home: What You Should Do First

How much home can you afford? Figure out how by reading our recent blog on what you should do first when you want to buy a home!

2 min read
February 2, 2021

Closing Costs - Explained

Closing costs are one of the most important aspects of your journey to purchasing a home. Keep reading to figure out how to prepare.

2 min read
October 28, 2020

What is a 15-Year Fixed Mortgage?

What is a 15-year fixed mortgage? In the mortgage industry, there are a variety of different loans that help match borrowers financial goals and circumstances during the home buying process. There are three important factors that define a 15-year fixed mortgage: the length, rate structure, and type. These mortgages are scheduled to be paid off […]

2 min read
October 28, 2020

How to get Pre-Approved for a Mortgage

Pre-Approved = Preferred Buyer When shopping for a new home, the first step a borrower can take is to get “pre-approved” for a mortgage. Sellers will prefer your offer for their home over other buyers if you have the stamp of pre-approval for your mortgage loan since you have finances to back your purchase. At […]

2 min read
October 28, 2020

Understanding Disclosures

Two Primary Documents As a borrower, you’ll quickly understand the back and forth communication and constant exchange of documentation with your lender during the home buying process. That said, there are two documents that you should specifically keep your eye out for: the Loan Estimate and the Closing Disclosure. 1. Loan Estimate The first mandated […]

2 min read
October 27, 2020

Types of Mortgage Loans

What is a mortgage? A mortgage, by definition, is a debt instrument secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.  Mortgage loans can be refined in different types of ways to best suit a borrower’s personal situation and provide the […]

3 min read