What are Adjustable-Rate Mortgages?
Adjustable-rate mortgages (or ARMs) are a type of home loan. They’re differentiated from standard mortgages through one key factor: if you have an ARM, your interest rate can change periodically. Your monthly payment could be one amount next month and then higher or lower the next.
Advice on Disputing Errors on Your Credit Report
As any current homeowner can tell you, a major part of buying a home will also be your ability to understand your credit score. A simple error on your credit report can make or break your success at getting the home you have always dreamed of owning. Do you know how to understand your credit report or how to dispute items that you feel are mistakes?
How to Buy Your Dream Home Before You Sell Your House
Buying and selling a home at the same time is stressful. Carrying two mortgages will put a financial strain on any bank account. That’s where bridge loans come in. Bridge loans allow you to cover both mortgages short-term. When your home sells you pay back the bridge loan to the bank.
What is Mortgage Insurance?
Mortgage insurance is required for home buyers to compensate lenders from foreclosure. Learn more about the types of mortgage insurance suitable for you.
FHA or HomeReady: Choosing the Right Loan
There are two types of home loans commonly chosen by home buyers: FHA and HomeReady loans. Learn about their difference & find the loan best for you here!
Think a Construction Loan is Not For You? Think Again
Construction loans work differently than standard mortgages. Learn how you can be prequalified for a construction loan for your next home project. Read more!