6 Mistakes that Home Buyers Should Avoid

6 Mistakes that Home Buyers Should Avoid

With the busiest housing market season of the year in full swing, it’s essential to be on your home buying game. Here are 6 major mortgage blunders to avoid to make sure you are in prime position for scoring the perfect property. Not Getting Pre-

Jul 25, 2023 | Purchasing a Home

Understanding Mortgage Loan Origination Fees

Understanding Mortgage Loan Origination Fees

One of the things you’ll pay for when getting a mortgage loan is an origination fee. Here’s what you need to know about origination fees and why you pay them. What Is a Mortgage Loan Origination Fee? Origination means to create, so the loan

May 30, 2023 | Purchasing a Home

Is a Conforming Loan the Same as a Conventional Loan?

Is a Conforming Loan the Same as a Conventional Loan?

As you begin the mortgage process, you’ll have lots of terminology thrown at you that can be a little confusing. Two similar sounding terms that might have you perplexed are conforming and conventional loans. Are these the same thing? Here’s w

May 09, 2023 | Purchasing a Home

Why Is My Mortgage Escrow Account Sending Me a Check?

Why Is My Mortgage Escrow Account Sending Me a Check?

After making all your mortgage payments for several years, you suddenly get a check in the mail from your escrow account. If you didn’t pay close attention during your mortgage closing, you may not even remember what an escrow account is. Here&rsquo

May 02, 2023 | Purchasing a Home

What Is a Convertible Adjustable-Rate Mortgage?

What Is a Convertible Adjustable-Rate Mortgage?

If you are in the market for a home loan, an adjustable-rate mortgage may be very attractive in today’s higher rate climate. If you’ve looked into ARM loans, you may also have come across the term “convertible ARM.” If you’re unfamiliar with this product,

Apr 25, 2023 | Purchasing a Home

What is an Assumable Mortgage?

What is an Assumable Mortgage?

There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mortgage is a home loan where the buyer legally takes ove

Apr 18, 2023 | Purchasing a Home

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