Everything You Need to Know About Construction-to-Permanent Loans
Construction-to-permanent loans assist homebuyers when building a home from the ground up. When financing the construction of a new home, a construction-to-permanent loan offers several advantages...
View ArticleWhat is a Prepayment Penalty?
Lenders allow borrowers to pay off their mortgage loan prior to their due date, but in some cases may charge an extra fee, known as a prepayment penalty. Beginning in 2014, the rules governing...
View ArticleWhat Are the Tax Benefits of Buying a Home?
Making the big leap to homeownership may seem less daunting when you understand the tax benefits of buying a home. Several tax deductions and tax credits offer home buyers the opportunity to offset...
View ArticleWhat do lenders look for on tax returns?
By the time homebuyers arrive at the settlement table, they may feel as though they’ve handed over enough paperwork to sink a ship. When you’re working with a lender on a mortgage application, tax...
View ArticleWhat is a Piggyback Loan
A swiftly changing real estate market may shift the timing of your home purchase. If waiting to save up a larger down payment could result in missing out on a chance to bid on homes in your price...
View ArticleWhat is the FHA Streamline Refinance Program?
Refinancing an FHA mortgage loan through the streamline refinance program can help you save money and pay off your home quickly. Even when interest rates rise, refinancing your mortgage can still make...
View ArticleShould You Use a Co-Borrower on a Mortgage?
Adding a co-borrower to a mortgage application can benefit home buyers in several ways. A co-borrower with strong credit has the potential to boost your chances of getting approved or qualifying for...
View ArticleAdjustable-Rate Mortgage (ARM) vs. Fixed-Rate Mortgage: Which Should...
First-time homebuyers might spend as much time shopping for a mortgage as they do house hunting. Lenders can throw out unfamiliar terms, and if you want to make the best financial decisions, you’ll...
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