Fixed-rate mortgages remain one of the most popular mortgage products in America. According to Freddie Mac, 30-year fixed-rate mortgages account for 90 percent of the home-purchase loan market, while an additional 6 percent chose 15-year fixed-rate loans. The final 4 percent of homebuyers chose adjustable-rate mortgages and loans with other terms. So, what is a […]
What Is A HELOC Loan?
As a homeowner, there may come a time when you need access to a large chunk of cash. Maybe you want to tackle a kitchen remodel or have a sizable debt you need to pay off. Regardless of why you need funds, a HELOC loan could help you get the money you need. What is […]
The New House Checklist
Purchasing a home is an exciting but overwhelming experience, particularly if you’re purchasing your first property. Staying organized throughout the process can help you start your next chapter feeling relaxed and ready for the challenge of owning a new home. While each move will have its own unique requirements, the following steps in the new […]
Do I Have to Pay Closing Costs When Refinancing?
Refinancing a mortgage has the potential to save you money, but the process is not free. You may wonder, do I have to pay closing costs when refinancing? There are typically closing costs involved with a refinance, and the amount you will be responsible for at closing can range from one lender to the next. […]
Do I Need Title Insurance If I Pay Cash For My Home?
Title insurance is designed to protect both homeowners and mortgage lenders in the event that there is anything wrong with the title to a new home. If you’re paying for your home in cash, with no loans or lenders required, title insurance can seem like an unnecessary expense. A common question is whether or not […]