Category: Blog

All You Need To Know as a 1st Time Home Buyer

For first-time buyers, the process of purchasing a house might be complicated. After all, there are a lot of moving parts, things to do, and prerequisites that need to be met, and you may be worried about making a costly mistake. However, there are several benefits tailored specifically to first-time homeowners that exist to entice […]

How Does Refinancing A Home Work?

What Does It Mean to Refinance A House? When you refinance the mortgage on your home, you are effectively exchanging your existing mortgage for a more recent one, which will often have a new principal and a different interest rate. This is because the new mortgage will be for a greater amount. After this, your […]

Understanding an Adjustable-Rate Mortgage (ARM)

What Is an Adjustable-Rate Mortgage (ARM)? A variable-rate mortgage (ARM) is a type of house loan with a variable interest rate. The initial interest rate on an ARM is fixed for a set length of time. Following that, the interest rate applied to the outstanding debt is adjusted on a regular basis, at yearly or […]

The Advantage of Reverse Mortgages

What is a Reverse Mortgage? Despite the fact that hundreds of thousands of seniors (those 62 and over) are utilizing reverse mortgages to enhance their quality of life, many individuals remain unaware of the benefits they may provide. What is the upside of getting a reverse mortgage? There is, in fact, a single correct answer:  […]

Quick Guide to 3-2-1 Buydowns

What is a Buydown? When you consider buydowns in the context of a mortgage subsidy made available by the seller on the homebuyer’s behalf, they become much simpler to understand. A buydown is done by reducing the interest rate by paying interest up front. Buydowns can be used to negotiate the sale of a house, […]