There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mortgage is a home loan where the buyer legally takes over
Apr 18, 2023 | Purchasing a Home
As you begin the process to get a new mortgage, whether for a home purchase or a refinance loan, your lender will order an appraisal for the property to determine how much it is worth. That valuation will play a large part in your overall mortgage plan. I
Apr 11, 2023 | Purchasing a Home
Mortgage rates have been relatively low in recent years, making it an ideal time for individuals to purchase or refinance homes. However, as the economy improves, mortgage rates are expected to increase. In this blog post, we will discuss the reasons for
Apr 10, 2023 | Rates
When it comes time to purchase a new home or refinance an existing mortgage, many people wonder whether they should work with a mortgage broker or their bank or credit union. While there are pros and cons to both options, there are several reasons why wor
Apr 05, 2023 | Financing
According to a recent survey, almost a quarter of millennials and Gen Z homeowners said their parents had given them money in the past year to help with a rent or mortgage payment. That’s not hard to understand considering how much skyrocketing inflation
Apr 04, 2023 |
As you get into the mortgage application process, you may hear your lender use the term “cash to close.” What’s the difference between this phrase and closing costs? What does “Cash to Close” mean? Also called “funds to close,” cash to close denotes the t
Mar 28, 2023 | Purchasing a Home