Tag: Mortgage

Posted on 11/19/2023
Mortgage basics: 15-year fixed mortgages
Prospective homebuyers and current homeowners know that a...
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Posted on 04/30/2023
Mortgage basics for homebuyers: Online preapproval & more
When preparing to buy a home, many potential buyers...
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Posted on 07/10/2022
Your quick guide to 30-year mortgage rates
Most homebuyers, even those just starting their first-time homeowner journey, have learned a thing or two about 30-year mortgages. For example, some 30-year mortgages will let you pay the mortgage down earlier than 30-years, while others may fix a prepayment penalty to that plan to make up the loss in revenue from the interest rate. But what about...
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Posted on 07/18/2021
Construction Loans vs. Traditional Home Mortgages
Image by pasja1000 from Pixabay Most homeowners have a mortgage against their house, and homebuyers who purchase existing homes usually secure a traditional mortgage before closing. When building a new house, however, you’re likely to need a construction loan before getting a home mortgage. Here’s a breakdown of each, including how they’re used in the new home building...
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Posted on 04/26/2020
The Myth of 20%
Photo by Gustavo Frazao via Shutterstock Whether you’ve been saving up for a while or you’re just getting started, getting into a home might be easier than you think. If you’re looking to buy a home, but you just aren’t sure about tying all your savings into a house, check out the various loan options with low down...
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