Tag: Financing

Posted on 03/10/2021

Picking the Right Financing for Your Home

Photo by Vlada Karpovich from Pexels While your credit score will play a role what your mortgage interest rate will be, there are also various types of loans that can increase or lower your monthly mortgage payment. In general, there are two specific loan types, adjustable rate loans, known as an ARM and fixed rate. However, within these...

Financing

Home Loan

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Posted on 02/17/2021

Should You Choose Owner Financing?

Photo by SHOP SLO® on Unsplash Selling a home requires a lot of decision-making. One of those decisions concerns financing, and there are numerous options available to both sellers and buyers. Real estate negotiations can be confusing, but there are some unconventional ways to finance a deal, and owner financing, for some buyers and sellers, can be the...

Financing

Home Refinancing

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Posted on 01/13/2021

What Documents Do You Need When Buying a Home?

Photo by Andrea Piacquadio from Pexels While the home buying process is exciting, applying for a mortgage can be time-consuming. Paperwork is a big part of the mortgage process and the better prepared you are, the more likely it is to go well. In fact, if you are considering getting preapproved for a mortgage, lining the paperwork up...

Documents

Financing

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Posted on 10/14/2020

Pros & Cons of Financing with a Mortgage Lender

Photo by Helloquence on Unsplash When financing a home purchase, one of the most basic decisions to make is where to get your mortgage from. The basic options are whether you should go to a mortgage lender or not. Financing with a mortgage lender has both pros and cons. Pro: Many Loan Options If you go to a...

Mortgage

Lending

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Posted on 02/26/2020

Is a Balloon Mortgage Right for You?

Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...

Mortgage

Financing

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