Fixed vs. Adjustable Mortgage Rates: Which Is Better?

The two main factors for most buyers looking for a property are price and location. What a bank can afford also depends on how much and under what terms they are ready to lend. Because of this, strategic thinking is essential, especially now when interest rates are...

4 Major Factors That Influence Mortgage Interest Rates

When looking for a lender to borrow from, most potential home buyers will go to the lender that can provide the lowest mortgage interest rate. A low-interest rate equals a lower monthly payment, and the borrower saves money throughout the life of the loan. However,...

What Every Veteran Should Know About House Buying

Buying a house can be an exciting and fulfilling milestone for some, as it signifies independence and a move into the next phase of their lives. This is especially true if you’re a veteran and have served time in the military before moving to your new home. For...

Refinancing: 4 Benefits of Mortgage Refinancing

Applying for a mortgage is one of the best ways to own a house quickly. However, repaying the loan usually takes time and might incur more charges to the borrower because of the interest rate. But due to refinancing, paying the mortgage can take a shorter amount of...

Understand Conventional and Non-Conventional Loans Better

We’re all familiar with conventional loans—these are the loan packages that require down payments, good credit ratings, and a steady income. That’s what makes them “conventional.” But have you ever been in a situation where conventional loans didn’t meet your needs?...

How to Choose a Mortgage Term: Reviewing Options

The right mortgage term may seem difficult to choose, but it will influence your financial health for years to come. First-time buyers may find the mortgage options overwhelming, but it is important to pick one that meets your needs. Knowing which mortgage term fits...