Tag: Mortgage

Posted on 09/25/2022
Financial real estate terms buyers should know
The more real estate terms you understand, the more comfortable you will be in your home buying process. This is especially true for financial vocabulary related to real estate transactions. To help familiarize you with some of these important concepts, here is a quick guide to financial real estate terms: Fixed rate mortgage A fixed rate mortgage is...
Down Payment
Fair Market Value
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Posted on 06/20/2021
Sources of Funding for Home Buyers
Photo by TheDigitalWay via Pixabay Looking to buy your first home? Unless you have a couple hundred thousand in the bank, a rich family member or a winning lottery ticket, you’re going to have to borrow money. TV ads suggest it’s as easy as clicking your phone, and in some cases it might be, but you should know...
Home Buyer
Home Buyer
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Posted on 05/31/2020
Why (and Why Not) to Finance with a Credit Union
Image by Pete Linforth from Pixabay Property buyers today may think of a credit union as an alternative form of lending and ultimately meant for people who don't fit the stereotypical borrower. But this assumption may a little unfair once you learn the facts. Credit unions present several unique opportunities that you simply won't find anywhere else. We'll...
Financing
General Finance
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Posted on 09/08/2019
What Are the Costs Before Securing a Mortgage?
Securing a mortgage to buy a home is probably one of the best and most important milestones in a person's life. It comes with a lot of benefits and bragging rights. But, even with all of the butterflies and feelings of being on cloud nine, the truth of the matter is that there are also costs in securing...
Homebuyers
Mortgage
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Posted on 05/26/2019
What Types of Mortgages can you get?
Multiple options are available when it comes to real estate loans. Figuring out which one you need can be disconcerting, to say the least. So, if you’re new to the game, here’s a quick guide to help you along. Standard Mortgages: Conventional – Loans that fall within the FNMA/FHLMC (Fannie Mae/Freddie Mac) guidelines where the Federal government is...
Mortgage
Real Estate
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