First-Time Homebuyer

What Are Points and What Do They Have to Do With My Mortgage?

What Are Points and What Do They Have to Do With My Mortgage?

The concept of mortgage points that we’ll discuss here refers to credits a borrower can pay in exchange for a lower interest rate.
What Are USDA Loans and Who Is Eligible?

What are USDA loans and who is eligible?

USDA mortgages are especially attractive because no down payment is required and there is no minimum credit score to be eligible.
What is private mortgage insurance and why do I need it

What is private mortgage insurance and why do I need it?

You may be required to take out a private mortgage insurance policy we'll explain what private mortgage insurance is.
Where Do I Begin Preparing for a Mortgage Application

Where Do I Begin Preparing for a Mortgage Application?

Being prepared can help move along the mortgage application process more smoothly and efficiently. Learn what you should do first.
Why Mortgage Payments Change

Why Mortgage Payments Change

When your mortgage payment changes you may not be able to figure out what caused the change. Learn why your payment may have changed.
How Are Escrow Accounts Related to Mortgages

How Are Escrow Accounts Related to Mortgages

If you are exploring all the possibilities of buying a home and securing a mortgage escrow accounts are an important tool for borrowers.
Glossary of Mortgage Terms Part 2

Glossary of Mortgage Terms pt. 2

Part 2 of our glossary of mortgage terms explains some of the most common concepts associated with mortgages.
Key Mortgage Terms Part 1

Key Mortgage Terms pt. 1

We cover the most common terms associated with securing a mortgage to help you have a greater understanding of the application process.
What Do Fannie Mae and Freddie Mac Have to Do With Mortgages?

What do Fannie Mae and Freddie Mac have to do with mortgages?

When starting to research getting a mortgage by learning the difference between Freddie Mac and Fannie Mae.
How to Calculate What an Affordable Home Is

How to Calculate What an Affordable Home Is

When looking at how to calculate what an affordable home is, the first step is estimating what your principal and interest would be.
Mortgage Pre-Qualification Vs Pre-Approval

Mortgage Pre-Qualification vs. Pre-Approval

When thinking about pre-qualification vs pre-approval it's about following all the application procedures for first-time homebuyers.
Factors That Affect Your Interest Rate

Factors That Affect Your Interest Rate

First-time home buyers may have an idea of what will affect their interest rate as they apply for a mortgage but may not see all the factors.
Mistakes Borrowers Make Part 2

Mistakes Borrowers Make Part 2

When you apply for a mortgage there are many mistakes borrowers can make such as getting a new credit card, learn how you can avoid mistakes.
Mistakes borrowers make Part 1

Mistakes Borrowers Make Part 1

Avoiding these common mistakes will help you get through the process as quickly as possible when applying for a mortgage.
Conforming and Nonconforming Loans

What Is the Difference Between Conforming and Nonconforming Loans?

Conventional loans can be categorized in two ways: Conforming and Nonconforming Loans. There is a rather simple distinction between the two.
How Conventional Mortgages Differ From Others

How Conventional Mortgages Differ From Others

Conventional mortgages often meet down payment and income requirements set by Fannie Mae and Freddie Mac with a credit score of at least 620.
How to Keep Your Monthly Payments as Low as Possible

How to Keep Your Monthly Payments as Low as Possible

Knowing how to keep your monthly payments as low as possible is important when trying to figure out your perfect monthly budget for housing.
How COVID has Affected FHA Loan Requirements

How COVID Has Affected FHA Loan Requirements

The COVID-19 pandemic has made some lenders make their requirements more stringent. See why...
What is the FHA Streamline Refinance Program?

What is the FHA Streamline Refinance Program?

FHA backed loans provide homebuyers with the unique opportunity to purchase a house with flexible terms, a lower interest rate, and...
Are FHA Loans Good For First Time Homebuyers?

Are FHA Loans Good For First Time Homebuyers?

Since 1934, The Federal Housing Administration has opened the door for millions of Americans to gain homeownership.
VA Loan Eligibility

VA Loan Eligibility

For over 75 years, the U.S. Veterans Administration has helped pave the way for many active and former military personnel to achieve the goal of purchasing a home.
Common VA Home Loan Myths

Common VA Home Loan Myths

Since the days of the Second World War, the Veterans Administration has given millions of military members the chance to realize the American dream of homeownership.
How to Get Pre-Approved for a Mortgage?

How to Get Pre-Approved for a Mortgage?

Whether you are a first-time house buyer, or looking to purchase your next home, getting pre-approved for a mortgage can be extremely helpful during the house-hunting process.
How Much House Can I Afford?

How Much House Can I Afford?

Conventional loans and USDA loans are two mortgage options available to you as a prospective home buyer. We’ll compare both so you can figure out which one is right for you.
What Credit Score Is Needed To Buy A House?

What Credit Score Is Needed To Buy A House?

Deciding how much house you can afford is a complex matter. Check out our comprehensive guide to home affordability—and how much money you should spend on a home.