Keeping Closing Costs in Mind

When you purchase a home, your down payment isn’t the only thing you need to pay at the closing table – you’ll need to pay closing costs too. This may come as a surprise to many first-time homebuyers, so we’re bringing you a breakdown of what closing costs...

What Is PMI (Private Mortgage Insurance)?

PMI (Private Mortgage Insurance) is an important component of many mortgages. If you’re a first-time homebuyer, and you’re not expecting it, PMI may come as a bit of a surprise and might leave you wondering what exactly is PMI and what it will cost you. Keep reading...

Top 5 Homebuying Myths Debunked

Myth #1: Looking at homes is the first step in the homebuying process. When someone is interested in buying a home, usually the first thing they do is start looking at properties. But remember, most people need to take out a mortgage to purchase the house and would...

FHA Loans: Home Financing with Looser Requirements

An FHA loan allows borrowers to buy a home or refinance with less stringent financial requirements. If you have a lower credit score, debt, or even a bankruptcy on your financial record, you still may be able to qualify for an FHA mortgage. Let’s take a closer look at...

Top 5 Tips to Improve Your Credit Score

When it to comes to mortgages, your credit score is a critically important factor on whether or not you will be approved for a loan, and the interest rate and terms for which you will qualify. Good credit is more likely to secure a loan with favorable terms and...