Tag: Mortgage

Posted on 01/15/2023
30-Year mortgages: A brief guide
Most homebuyers, even those just starting their first-time homeowner journey, have learned a thing or two about 30-year mortgages. For example, some 30-year mortgages will let you pay the mortgage down earlier than 30-years, while others may fix a prepayment penalty to that plan to make up the loss in revenue from the interest rate. But what about...
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Posted on 06/26/2022
Quick basics of mortgage points
Mortgage points can be a confusing topic, especially if you’re not familiar with them. And while they are hefty in value, the information surrounding them is often overwhelming. So, let’s start with the most basic point: What, exactly, are mortgage points, and why do I need to know about them? Here’s a quick and simple guide to understanding...
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Posted on 03/28/2021
What Influences Your Buying Timeline?
Photo by Doubletree Studio via Shutterstock Interest rates rise in correlation to inflation and other economic activity. When that happens, it can increase housing costs. But the question is, should it prompt you to buy sooner than you’re ready? The Right Time Is Now In real estate, the right time is always now for someone. Is it the...
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Posted on 02/21/2021
Why It's Critical to Shop for Mortgage Rates
Photo by Nattanan Kanchanaprat via Pixabay Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put...
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Posted on 03/15/2020
Mortgage Options and Their Benefits
Image by mohamed Hassan from Pixabay Most homebuyers take out a mortgage when they purchase a house, and there are several different types of mortgages to choose from. Here are some of the more common mortgage options and the benefits of each one. Conventional 30-Year Fixed Mortgages Perhaps the standard starting point for a mortgage is the conventional...
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