Tag: Mortgage

Mortgage: What are Points?
Posted on 01/26/2020
Mortgage: What are Points?
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
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Frequently Asked Questions for FHA Loans
Posted on 01/12/2020
Frequently Asked Questions for FHA Loans
If you’re hoping to buy your first home in the near future, you’re likely wondering about the different types of mortgages that you may qualify for. Since the 1930s, the Federal Housing Administration (FHA) has been insuring home loans for first-time homeowners across America. This program helps people achieve homeownership who typically wouldn’t be able to afford the down...
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How can you Know When You're Ready to Buy?
Posted on 06/02/2019
How can you Know When You're Ready to Buy?
You’ve been a renter for a long time because you knew you had wanderlust and might pick up and move at the end of your lease. Now you've stayed in the same place for a couple of years. You've put down roots and built relationships. You have a sense of community. But are you ready to buy? Buying...
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