What is a HELOC? Pros and Cons

What is a HELOC? Pros and Cons

by | May 19, 2020 | Loan Programs

Since the beginning of the COVID-19 pandemic, more people have been looking into different ways to cut their cost of living to meet their income. One of the most common ways is to find a solution with their home. A significantly large number of people have been...
Pros and Cons of an Adjustable Rate Mortgage

Pros and Cons of an Adjustable Rate Mortgage

by | Mar 24, 2020 | Loan Programs

An adjustable-rate mortgage, also referred to as an ARM, is a home loan with a fixed rate for the first few years that switches over to an adjustable rate. The beginning fixed-rate period can be anywhere from the first three to ten years of the loan. This differs from...
7 Tips to Help Reduce Closing Costs

7 Tips to Help Reduce Closing Costs

by | Feb 19, 2020 | Loan Programs

7 Tips to Help Reduce Closing Costs – Closing costs are the fees associated with wrapping up and finalizing your mortgage loan. While there is no way to completely avoid paying them, there are some ways that you can pay less closing costs.  There are some...
How Do Down Payment Assistance Programs Work?

How Do Down Payment Assistance Programs Work?

by | Nov 7, 2019 | Loan Programs

Down payment assistance programs were created to make homebuying more affordable but how exactly do they work? Nearly half of Americans say the down payment is the hardest part of buying a home. There are a lot of low down payment options such as VA loans and FHA, but...