Mortgage Tips

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.

Buying a house can be difficult, particularly if you have to pay a down payment toward the value of the house. For first-time homebuyers, home affordability is even more challenging as they don’t benefit from the liquidity of selling a home. For most home loans, ...

Your credit score matters a lot when you’re trying to get a mortgage to buy a home. However, you still have plenty of mortgage options even with a below-average credit score. Lenders of conventional loans have a qualifying credit which is the minimum required for ...

Buying a home in the current property market can be challenging. The Fannie Mae HomeReady® program is geared towards buyers who might be struggling to enter the property ladder. The mortgage is designed to help people on low income buy their home and it comes ...

A home appraisal timeline ranges between one and three weeks. In a hot licensed real estate market, you get an appraisal on the higher end of the range.  A home appraisal is required by your lender to check the real value of the home you ...

Purchasing a condo is a great way to own a new property. Condo estates are usually located in central areas with lots of amenities and opportunities. City centers, schools, shopping markets, entertainment areas, and amenities are often available just around the corner.  If you are ...

The Home Possible® Program from Freddie Mac helps low-income borrowers achieve homeownership on favorable terms. The program comes with a low down payment, which helps first-time home buyers climb on the property ladder.  The income limit set by Freddie Mac depends on the borrowers’ zip ...

You typically need a few months for the whole first-time home-buying process. It often takes between 6 and 8 months of research in the local market on average to find a home, close a deal, and buy a home, from beginning to end.  First-time home ...

You are typically considered first-time homebuyers when you haven’t owned a home before. However, the definition of a first-time principal residence buyer is not as straightforward as it may seem. There are several exceptions for a home loan that can make it easier for people ...

You will assess how large and expensive a house you can afford depending on how much you make. The price of a home you can realistically afford depends on your income, the down payment, and your other financial obligations. If you are already paying a ...

Underwriters want to check that you are a responsible borrower who’s financially able to repay the mortgage. They also need to make sure the money you use for your down payment comes from your income and other legal sources. Once they are satisfied that you ...

What if your apartment rent was the same price as a mortgage payment? Give us a call to learn more about your personalized options. Call Us Now During hurricane season, the safety of high-rise condos becomes a top priority. There are many misconceptions about hurricane ...

Are you thinking of buying a condo as your new home? Condos mix convenience and community living, which sets them apart from traditional single-family homes. They can make life easy as they are found in bustling urban centers as well as quiet suburban neighborhoods.  The ...

As mortgage rates continue to rise, they have reached their highest point since 2009. Whether you are buying a home or have already bought a home, the interest rate on your mortgage can significantly affect how much you pay for your house.  Learning how to ...