Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Purchasing a home is often considered an important step in one's financial life, no matter what point you arrive at it, but there are things you should know about financing your home purchase before stepping into the fray. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success. Taking The Lender You're Offered In the event that you've been pre-qualified for a certain amount, you'll want to find a lender that will make the process towards a home purchase a little bit smoother.…
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Setting the Record Straight: 3 Major Misconceptions About Mortgage Financing

Purchasing a home is often considered an important step in one's financial life, no matter what point you arrive at it, but there are things you should know about financing your home purchase before stepping into the fray. If you're planning on buying a home soon and want to avoid some major missteps, here are a few tips that will set you up for success. Taking The Lender You're Offered In the event that you've been pre-qualified for a certain amount, you'll want to find a lender that will make the process towards a home purchase a little bit smoother.…
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Can You Refinance into a VA Mortgage from Another Type of Mortgage? Yes, If You Qualify

VA mortgages stand out as one of the biggest benefits to men and women serving in the military. Although private lenders make the loan, the Department of Veterans Affairs guarantees all VA mortgages, which is why these loans come with favorable terms and benefits not found with other mortgage types. The Benefits Of Refinancing To A VA Mortgage A VA loan may very well be the borrower's only option for putting no money down, as many lenders will cover 100% of the value of the home, thanks to the backing of Veterans Affairs. There is a ceiling on the amount…
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Save Some Additional Cash with Our Guide to Lowering Your Monthly Mortgage Payment

If you are like many other homeowners, your home mortgage payment is the single largest expense in your monthly budget. This is a fixed expense that you will typically be responsible for until your loan is paid in full or until you sell your home, and you may have a 15, 20 or even 30 year term on your mortgage. If your home mortgage payment has become unaffordable or burdensome for you to manage with your current financial situation, rest assured that you may be able to save some additional cash each month without selling your home. Refinancing your existing…
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