If you’re looking to buy your first home, there are several options you can explore. You could write a huge check and buy the house outright, but if you’re like most people, you’ll probably need a mortgage. When it comes to borrowing money to buy a home, loans come in a variety of sizes and with a plethora of terms.Read More
When it comes to buying a home in 2018, the average American has more home loan options than ever before. Unfortunately, more choice isn’t always better. With many options come many questions, especially if you’re a first time home buyer and not a veteran of the mortgage game. Thats where our ultimate guide to mortgages comes in! Our 5 part series will delve into the nitty gritties of the many types of mortgages on the market.Read More
The most common type of mortgage for first time home buyers and longtime homeowners alike is the U.S. is the classic 30-year fixed-rate home loan. The 15-year fixed-rate mortgage is another popular home loan option, followed by the somewhat less common 20- and 25-year mortgages.
One of the types of mortgages that’s a lot less talked about is the 40-year mortgage -- and no, it isn’t a fairy tale or myth. 40-year mortgages do exist, but that doesn’t mean that they’re a good choice for everyone.Read More
Choosing the mortgage that’s right for you can be really confusing and complicated, especially if you’re one of many buyers who has a lot of options to choose between. Do you go with the 30-year conventional or the 30-year FHA? What’s this USDA thing all about? This blog should help fill in what you need to know about the different types of mortgages.Read More