Monthly Payments

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.