(Updated 11/30/24) For many first-time homebuyers, FHA loans offer a reliable path to homeownership. Beyond the basics, understanding the advanced benefits and strategies can help you make the most of this government-backed loan program. This guide will explore...
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FHA Cash-Out Refinance: How to Tap Into Your Home’s Equity
(Updated 11/30/24) Homeownership is more than just having a roof over your head—it’s also an opportunity to leverage your investment. An FHA cash-out refinance allows you to tap into your home’s equity, providing financial flexibility for various needs like home...
Everything You Need to Know About VA Loan Assumptions for Buyers and Sellers
(Updated 11/30/24) For veterans and active-duty service members, VA loans provide an excellent opportunity to secure home financing. One often-overlooked feature of VA loans is their assumability, which allows a new buyer to take over, or "assume," an existing VA...
Ultimate Guide to Refinancing: Everything You Should Know
(Updated 11/30/24) Refinancing your mortgage can unlock significant financial opportunities, from reducing your monthly payments to accessing home equity for other financial needs. However, not every refinancing option is a perfect fit for every homeowner....
Rates Just Dropped—How Quickly Will That Benefit You Buying a Home?
If you’ve been watching the housing market closely, you may have noticed a recent drop in interest rates. For potential homebuyers, this raises an important question: Should you jump into the market now, or wait for rates to fall even further? While it might seem...
A Step-by-Step Guide to the Loan Application Process (Updated)
(Updated 11/25/24) Buying a home is one of life’s biggest milestones. However, the process of securing a mortgage can feel overwhelming, especially if you’re unfamiliar with the steps involved. From setting a budget to signing the final paperwork, every stage of the...
ARM Index: How It Determines Your Adjustable-Rate Mortgage Payments
(Updated 11/30/24) Adjustable-Rate Mortgages (ARMs) often attract borrowers with their lower initial interest rates compared to fixed-rate loans. However, the "adjustable" aspect of these loans can lead to fluctuations in your interest rate—and ultimately your monthly...
What is DTI (Debt to Income Ratio), Why is it Important
(Updated 11/30/24) When applying for a mortgage, personal loan, or even a credit card, lenders often evaluate your Debt-to-Income Ratio (DTI). This critical metric reveals how much of your monthly income is dedicated to paying off debts and helps determine your...
How to Calculate Your HELOC Credit Limit and Borrow More
(Updated 11/30/24) A home equity line of credit (HELOC) can be a powerful financial tool, offering homeowners the flexibility to borrow against the equity they’ve built in their homes. Whether you’re funding home renovations, consolidating debt, or covering unexpected...
Refinancing with Bad Credit: How to Get Approved and Save Money
(Updated 11/30/24) Refinancing can be an excellent way to lower your monthly mortgage payments, access better loan terms, or tap into your home’s equity. But if your credit score is less than perfect, the process might seem daunting. While having bad credit can make...
VA Loan Myths Debunked: What You Need to Know
(Updated 11/30/24) VA loans, backed by the U.S. Department of Veterans Affairs, provide an incredible opportunity for veterans, active-duty service members, and eligible surviving spouses to achieve homeownership. Despite their benefits, VA loans are often surrounded...
VA Cash-Out Refinance: How to Access Your Home’s Equity
(Updated 11/30/24) As a veteran, active-duty service member, or eligible spouse, you have access to unique financial opportunities that support homeownership. One of the most versatile tools at your disposal is the VA Cash-Out Refinance. This program enables you to...
Refinancing Your Mortgage: When Does It Make Cents? (updated)
Interest rates falling? It's natural to wonder if refinancing your mortgage could unlock financial freedom. But before making a move, let's dissect the decision with logic and numbers, ensuring you emerge victorious in the game of financial chess. Refinancing your...
Conventional Loan Conforming vs. Non-Conforming: What You Should Know
(Updated 1/2/25) When choosing a mortgage, understanding the distinction between conforming and non-conforming loans can help you make an informed decision. While both types fall under the category of conventional loans, they differ in their qualifications, loan...
Homebuying Articles
What Is a Buyer Agreement? What Homebuyers Need to Know Before Signing
Why Are You Being Asked to Sign a Contract? So, you're ready to buy a home....
Who Should You Find First: A Real Estate Agent or a Lender – It Matters More Than You Think
The Ultimate Chicken-or-the-Egg Question for Homebuyers Buying a home? One of...
Active Under Contract – What This Means, and Should You Move On?
If you’ve been house hunting, you’ve probably come across the term “Active...
The Importance of Schools When Buying a Home: What You Need to Know
Schools Matter—Even If You Don’t Have Kids When searching for a new home, many...
Homebuying Steps
Getting Started