Tag: Mortgage

Posted on 11/17/2024
The basics: Recasting mortgage payments 101
Recasting mortgage payments is a little-known gem when it...
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Posted on 06/11/2023
Home loans: Common repayment options for a 30-year mortgage
30-year mortgage rates are the norm among mortgage rates....
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Posted on 12/11/2022
Mortgage prepayment penalty: What you need to know
Mortgage lenders make money primarily through interest...
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Posted on 10/24/2021
4 Reasons Why Down Payment Amount Matters
Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...
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Posted on 04/04/2021
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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Posted on 08/09/2020
Looking to Buy a Home? Let's Start with Your Loan
Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...
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Posted on 08/02/2020
The Myth of 20%
Photo by Gustavo Frazao via Shutterstock Whether you’ve been saving up for a while or you’re just getting started, getting into a home might be easier than you think. If you’re looking to buy a home, but you just aren’t sure about tying all your savings into a house, check out the various loan options with low down...
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