Mortgage Archives - Page 63 of 83

Team Mortgage Mikes July 14, 2021

Down Payment Assistance Programs May Make Homeownership More Affordable

There are many people who are currently looking to purchase a home while interest rates are relatively low; however, there are many homeowners who feel like they do not have a strong level of financial understanding when it comes to the process of purchasing a home.

Team Mortgage Mikes July 9, 2021

A Review Of Government Vs Conventional Mortgages

There are two broad categories of mortgages. The first is government mortgages, which include USDA, FHA, and VA loans. These loans are backed and insured by the United States government. The other category is conventional mortgages. These are mortgages that are insured by private lenders, such as banks and credit unions. What are the differences between these two loan options?

Team Mortgage Mikes July 8, 2021

Refinancing A Mortgage: Is It Too Soon?

Because mortgage rates are still hovering near record lows, many homeowners are considering refinancing to a lower interest rate. This is a great way for homeowners to shorten the term of the loan, reduce the size of their monthly payments, and access cash for a home improvement project. On the other hand, there are some situations where it might be too soon to refinance an existing mortgage. What are a few factors to consider?

Team Mortgage Mikes June 17, 2021

Is an ARM Loan Right for You?

In today’s competitive housing industry, it’s important to find the loan that’s right for you. With the low-interest-rate environment, many buyers wonder if an ARM loan is the best choice. Here’s everything you should consider before choosing an A

Team Mortgage Mikes June 16, 2021

Deciding Whether To Move or Refinance: Which Is The Better Option?

There are a lot of people who are wondering if now is the right time to move or refinance their current home loan. With interest rates still favorable, a lot of homeowners have the potential to save a lot of money if they are able to secure a home loan with a lower interest rate. There are two ways homeowners can secure a home loan with a lower interest rate. The first is to refinance. The second is to move. Which option is better? There are a few key points to keep in mind.

Team Mortgage Mikes June 15, 2021

Do You Have Enough Of A Down Payment Saved Up?

If you are planning on purchasing a home in the near future, you need to make sure you have enough money saved up. While there are a lot of expenses that go along with purchasing a home, the biggest expense is the down payment.