Tag: Mortgage

How to Use Points to Your Benefit
Posted on 02/09/2020
How to Use Points to Your Benefit
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,...
+ 3 more
Read More
FHA, VA and USDA Loans and How They Differ from Conventional Mortgages
Posted on 10/13/2019
FHA, VA and USDA Loans and How They Differ from Conventional Mortgages
Photo by Alexander Stein via Pixabay When it comes to a mortgage, most of us think of the same standard product; the 15 or 30 year conventional mortgage offered by banks and lenders. This is not the only mortgage option you have, though. Depending on your personal history and circumstances you may qualify for an attractive mortgage with...
+ 6 more
Read More
Have you Looked at an Alternative Mortgage?
Posted on 05/05/2019
Have you Looked at an Alternative Mortgage?
Over the years, mortgage options were likely limited to what a person's local bank was willing to offer him or her. But today's new marketplace provides several fresh opportunities. With the continuous influx of alternative lenders, many homebuyers are now fully ready to connect with lenders all over the nation. Online, they can check out several loan systems...
+ 1 more
Read More