Why Fannie Mae and Freddie Mac Impact Every Mortgage
When you begin to apply for a mortgage loan or even just research what you should know about current mortgages and what is out there, you will no doubt hear or read the words Freddie Mac and Fannie Mae. Fannie Mae and Freddie Mac are the financial entities that fuel...
Can You Refinance a Mortgage on a COVID Forbearance Plan?
At the height of the COVID scares, back in February and March, when the stock markets where crashing and businesses were closing for undefined amounts of time, many homeowners across the country found themselves in emergent and dire financial situations. There were a...
How to Start Saving Money for a House
Saving money to purchase a home may seem big, daunting, scary, unattainable, or always just out of reach. Don’t let your fears or apprehensions stop you from getting closer to the dream of owning your own home. Once you take those first steps it won’t seem so scary...
6 Steps to Finding the Best Mortgage
Applying for a mortgage on your home is more than just going down to your bank and taking the first offer given to you. It is best to shop around so you know you are receiving the best offer to invest the largest amount of money you will probably ever spend. As you...
Using a Construction Loan to Build Your Dream House
Construction loans can be a good option if you are hoping to build a brand new custom home or put some major work into an existing one. Read on to find out more information on construction loans. What is a Construction Loan? A construction loan has a shorter term than...
How Long-Term and Short-Term Loans Differ
How Long-Term and Short-Term Loans Differ – As the pandemic is still a large presence around the country and pandemic induced low-interest rates are still at all-time lows, it is still a good time to consider a refinance. This could also be a good time to take...
How Soon Can I Buy a Home After Bankruptcy
Qualifying for a mortgage loan that would enable you to purchase a home after filing for bankruptcy may seem like a crazy dream. Bankruptcy tends to cast shame or paint a filer as a person who should never be trusted again with borrowed money. In all actuality, every...
5 Steps to Protecting Your Credit Score During a Pandemic
The current times have turned many people’s personal finances for a loop. Even as businesses begin to open back up many employees are still furloughed or unemployed. Some employees have stayed at work the whole time, but with reduced pay. As many of us work to keep...
Can Cash-Out Refinances Help Reduce Debt?
If you have mounting debts that you are struggling to pay off and feel like you will never get beyond just paying the high interest, you may be looking for ways to help pay the debt down. One option some people look into is a cash-out refinance. When you opt for a...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.