If you’re looking to buy your first home, there are several options you can explore. You could write a huge check and buy the house outright, but if you’re like most people, you’ll probably need a mortgage. When it comes to borrowing money to buy a home, loans come in a variety of sizes and with a plethora of terms.
Read MoreIf you’ve started looking for a home, there’s a good chance that you’ve heard about the 5/1 adjustable-rate mortgage (ARM). Though adjustable-rate mortgages were once the bane of Realtors and homeowners across the country, the loans have slowly started coming back en vogue. Just because they’re becoming a bit trendier these days doesn’t mean that you should run out and get one without knowing what you’re getting into, of course.
Read MoreWhen it comes to buying a home in 2018, the average American has more home loan options than ever before. Unfortunately, more choice isn’t always better. With many options come many questions, especially if you’re a first time home buyer and not a veteran of the mortgage game. Thats where our ultimate guide to mortgages comes in! Our 5 part series will delve into the nitty gritties of the many types of mortgages on the market.
Read MoreChoosing the mortgage that’s right for you can be really confusing and complicated, especially if you’re one of many buyers who has a lot of options to choose between. Do you go with the 30-year conventional or the 30-year FHA? What’s this USDA thing all about? This blog should help fill in what you need to know about the different types of mortgages.
Read MoreIt may be hip to do things unconventionally, but that notion doesn't quite apply when you're choosing a mortgage -- especially when we're talking about an adjustable rate mortgage versus a fixed rate mortgage. Adjustable Rate Mortgages aren't for everyone, but that doesn't mean they're not for you. If you're very self-aware and know what you need to do to complement your financial picture, it could be the perfect instrument to help you achieve your goals.
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