Mortgage Library

From first-time homebuyers to seasoned property investors, we provide clear, accurate mortgage information and expert guidance to help you make informed financing decisions and navigate the home loan process with confidence.

Latest Articles

Bad Credit Means Higher Rates Not Denial

Bad Credit Means Higher Rates Not Denial

Explore FHA, VA, and Subprime loans tailored for those with less-than-perfect credit scores, highlighting minimum score requirements and associated terms.

Closing Disclosure Finalizes Your Terms

Closing Disclosure Finalizes Your Terms

The Closing Disclosure provides a summary of the final terms and costs of a mortgage, including loan amount, interest rate, monthly payments, and a breakdown of closing costs, issued at least three days before closing.

Early Payoff Saves Thousands in Interest

Early Payoff Saves Thousands in Interest

Exploring the benefits of early mortgage payoff, including interest savings, potential penalties, and refinancing options, for homeowners with extra cash flow.

Affordability Calculators Miss Hidden Costs

Affordability Calculators Miss Hidden Costs

Affordability calculations must include property taxes, homeowner's insurance, HOA fees, utilities, maintenance, closing costs, and potential interest rate adjustments for accurate homeownership costs.

Jumbo Loans Finance Luxury Properties

Jumbo Loans Finance Luxury Properties

Jumbo loans enable purchasing high-value properties that exceed standard lending limits, with stringent eligibility criteria like high credit scores and substantial down payments.

Rate Refinancing Differs From Cash-Out

Rate Refinancing Differs From Cash-Out

Rate refinancing focuses on obtaining better loan terms without additional cash, whereas cash-out refinancing allows homeowners to extract equity for cash, affecting the overall loan amount and interest rate.

Buying Points Lowers Long-Term Interest

Buying Points Lowers Long-Term Interest

Pay an upfront fee to reduce your mortgage interest rate and lower monthly payments, with financial benefits depending on the breakeven period and potential tax deductions.

Gift Money Rules Protect Against Fraud

Gift Money Rules Protect Against Fraud

Gift money for a mortgage down payment requires proper documentation, verification of source, adherence to relative restrictions, seasoning of funds, and awareness of tax limitations to ensure lender approval.

USDA Loans Serve Rural Communities

USDA Loans Serve Rural Communities

USDA loans provide zero down payment options for low-to-moderate-income purchasers in eligible rural areas, requiring a minimum credit score of 640 and adherence to income limits.

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