FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Refinancing your home essentially means trading in one mortgage for another. There are many reasons you might want to refinance your home: to reduce the interest rate, take out equity for home projects, or reduce other debt. Regardless of the reason, the steps to refinancing are the same.
Private mortgage insurance (PMI) is an often-overlooked cost that homeowners may need to pay when buying their new home. Understanding PMI can help you to avoid paying it or saving money in the long term.
In this quick video, we’ll explain what land loans are and how they work.
In this quick video, we’ll explain what a construction-to-permanent loan is and how it can help you build and finance your home.
We hear from many customers that they would love to buy or build a new home, but with mortgage rates at 20-year highs, it does not seem to make sense. And why should it? If you bought or refinanced your home back in 2020 and have a 30-year fixed rate locked at 3%, it will cost you a lot more money in the long run by buying a new home today. Well, that may not be the case.
Before your lender will let you buy a new home, you’ll need to have it appraised. This is an often overlooked but important step in your homebuying journey.
Thinking about refinancing your mortgage? Consider these ideas to determine if now is the right time for you.
Do you know the difference between a conforming and a non-conforming mortgage loan? We can help.
Let’s look at how a cash-out mortgage refinance works, and some potential pros and cons.
You’re ready to buy a new home. You’ve agreed on a price, have a mortgage ready, and booked the movers. However, there is one final expense you’ll need to deal with before you can sign your paperwork, collect your keys, and move in. It’s called closing costs. Understanding what closing costs are and how much you’ll need to pay for them will help you budget for your new home.
