Mortgage Information

May 6, 2022

Should You Lock in Your Interest Rate?

One of the most important financial considerations of buying a new home is the interest rate paid on the mortgage. Over time, a higher interest rate can add thousands of dollars to the true cost of buying the home. 

When interest rates are low or steady buyers have greater ...

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Dec. 24, 2021

2022 Outlook for Home Prices

Over the past couple of months, home price acceleration appears to have peaked. Keep in mind, though, that doesn’t mean home values will depreciate. It just means the rate of appreciation will slow, yet stay well above the 25-year average of 5.1% in most areas. 

The recent surge ...

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May 28, 2021

Getting a New Construction Loan

Building a home might sound like something reserved for the rich and famous, but the truth is, it might be easier than you think to get a construction loan. 

What is a construction loan? 

Construction loans are short-term, higher-interest-rate mortgages that cover the cost of building or renovating ...

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April 2, 2021

Special Benefits of the VA Loan


Our military veterans have given so much to this country. To make it easier for these special families to qualify for and purchase a home, Veteran Affairs has a unique loan offer reserved only for retired and active military. 

The VA loan offers mortgage options unavailable to the ...

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Dec. 25, 2020

Budgeting For Closing Costs

Saving for a down payment in preparation for buying a new home is pretty common knowledge. With the mortgage meltdown, most mortgages that allowed zero down payments disappeared. While FHA and VA loans still offer little to no money down, most potential homebuyers will need to save at least 3-20 ...

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Dec. 7, 2020

What is Manual Underwriting?

Manual underwriting is how all loans were evaluated before computer algorithms took the human logic out of the process. Simply stated, a loan that is manually underwritten is one where a person evaluates the file for the borrower’s ability to make the loan payments. For those who have had credit ...

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Sept. 4, 2020

Strategies to Make Your Offer Stand Out

Summer is traditionally a busy time for buyers and sellers. This year has been no exception—and with lower interest rates, many homebuyers are finding the competitive environment challenging. With multiple buyers competing for properties, even terrific offers are often being outbid. Fortunately, there are some things you can do to ...

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Aug. 14, 2020

Self-Employed Financing Tips for 2020

Self-employed borrowers have always had to jump through a few hoops to finance or refinance their homes. Without a traditional paycheck, lenders look for other ways to document income. The COVID-19 pandemic has affected many business owners and delayed tax return filings. As a result, Fannie Mae and Freddie Mac ...

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May 15, 2020

Keep The Dream of Homeownership Alive

Buying and owning your own home is no easy task, and there are moments on everyone's journey when they feel like it's impossible. However, there are plenty of resources available to help make your dream of becoming a homeowner a reality. 

The first step you should take ...

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May 8, 2020

Changes in the Mortgage Market Since Covid 19


It's been difficult to adjust to a new normal during the past few weeks. With most residents being asked to stay at home, there are many who have recently lost their jobs or been asked to work remotely. The mortgage industry has also taken a big hit that ...

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