Category: Mortgage and Refinance

First Responder Refinance | Save on Your Mortgage Refinance

/ in First Responders / Bob Filipczak

Saving money on a first responder refinance can be a great help if you know what you are doing. Refinancing is a unique real estate transaction because it doesn’t involve buying a house or selling a house. At face value, it looks like you and your mortgage broker are just shuffling numbers around. At the end of the shuffling, however, your monthly mortgage may be dramatically decreased OR you may have a chunk of money (if it’s a cash out refinance) to use for home improvements.

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Buying a House with a VA Loan | What Veterans and Military Members Need to Know

/ in Buying a House / Gaffney Austin

There’s an alarming percentage of US Veterans who don’t know enough about buying a house with a VA loan. Also, there are an even more significant number of Veterans who don’t understand the mechanics of this beneficial home financing product.

So, dear Veterans: Here is what is misunderstood and here’s what you need to know about the benefits of buying a house with a VA loan.

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Is an Assumable Mortgage a Good Way to Beat High-Interest Rates?

/ in Mortgage and Refinance / Gaffney Austin

First off, what the heck is an assumable mortgage? Assumable mortgages are a product that allows borrowers to “assume” the seller’s mortgage. In other words, if you are looking to buy a home and the seller has a mortgage that allows for it, you can take over the remaining balance left on the loan, including the mortgage term and mortgage rate.

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Where are Mortgage Rates Headed? Homebuyers Want to Know

/ in Buying a House / Gaffney Austin

The war in Ukraine has created some market volatility, but that’s not unusual. In uncertain times global investors will look to move their investments into areas they feel are safe from conflict. This can cause fluctuations in the prices of US Treasuries, and yes, even mortgage bonds – which in turn impacts mortgage interest rates.

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Get Pre Approved for a Home Loan | Everything You Need to Know

/ in Buying a House / Luke Feldbrugge

How important is it to get pre-approved for a home loan? The outcome of getting pre-approved is receiving a pre-approval letter. This letter is the golden ticket that allows you to be seriously considered by a seller to purchase their home. Without one, your chances of winning the bid on a home with multiple offers is slim to none. Therefore, it’s good to know the process of how to get pre-approved for a home loan and other answers to commonly asked questions about mortgage pre-approval.

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Mortgage Ready | These are the Future Mortgage Borrowers

/ in Buying a House / Gaffney Austin

Housing affordability is an increasing concern, but there is a population of 41 million people, 45 years or younger in the U.S. who are “mortgage ready” according to a Freddie Mac report.

That’s a lot of potential first-time buyers. Homeownership is critical for building long-term wealth, and most first-time homebuyers rely on obtaining a mortgage to become homeowners.

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Finance Buying a House with a Home Mortgage Loan

/ in Buying a House / Maggie Sutton

Most people searching for a home will likely need some form of financial assistance to make the home purchase. Mortgage loans are a type of loan given by a bank or lender designed to be applied towards home purchases. There are all kinds of mortgage types, designed with different financial needs in mind. We’ll walk through the types of mortgages, what they mean for the borrower (you), and some tips for getting approved. Read More “Finance Buying a House with a Home Mortgage Loan”

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