.
Years ago, a 20% down payment was a requirement for obtaining a mortgage loan. Putting that much money down made it less likely that borrowers would simply default on their home loans and gave lenders a measure of security and collateral in the case of fo
Jun 07, 2018 | First-time Homebuyers
Congratulations: You’ve done the research and made the decision to begin your grown-up life in a new place; your own place.You’ve got your credit, finances and life plans in order, and are about to embark upon a massive hunt for the perfect ho
Feb 26, 2016 |
There are first times for everything. The first time you walked; the first time you rode your bike without falling; your first day of school; your first homework assignment; all up until your first real job.There are firsts to buying a home, too. And it&r
Jan 28, 2016 |
For a typical mortgage, it takes about a month to close. Unfortunately, that’s just the expected timeframe – for some closings, it could take longer. Maybe even much longer. In most instances, the reason for a closing delay isn’t nece
Dec 28, 2015 |
If you’re just starting to learn about mortgages, you may have heard a term called “escrow” and been confused by what it means. Luckily, we’re here to help. An escrow account is a payment plan that sets aside each month the mone
Nov 24, 2015 |
If you’re currently serving or have served in the U.S. military – or you spouse did – you may be eligible for a special home loan program that can save you thousands of dollars. Insured by the Department of Veterans Affairs, a VA home lo
Nov 02, 2015 |