Category: mortgage

2021 July 26

9 Factors Affecting Interest Rates on Mortgages

9-factors-affecting-interest-rates-on-mortgages

Let’s tackle the crucial factor in the home buying process – money! Mortgages and interest rates are the big buzzwords when discussing your options and potential costs. But what exactly does that mean?  A mortgage is any type of loan that is used to purchase or refinance a house. When you have a mortgage, interest

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2021 July 15

How Increasing Mortgage Credit Availability Is Helping First-Time Buyers

How increasing mortgage credit availability is helping first-time buyers

It’s pretty common knowledge that a lot goes into buying a new home – mentally, emotionally, physically, and financially. For most people, it is one of the most important steps they will take in their adult life.  In 2020, our nation’s economy took a staggering blow due to the COVID-19 pandemic. Slowly but steadily, we

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2021 June 22

Breaking Down the 4 Types of Mortgages: A Complete Guide

Breaking Down the 4 Types of Mortgages A Complete Guide

It can be intimidating to buy a new home, especially if it is your first time. There is a lot of information to learn. Plus, it’s a huge investment that you don’t want to mess up.  Did you know there are several different types of mortgages? You’ll want to start to review the types of

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2021 May 11

4 Tips You Should Know While Navigating 2021’s Tight Housing Market

4-TIPS-TO-NAVIGATE-2021-TIGHT-HOUSING-MARKET

The current real-estate market in 2021 is experiencing high demand but is lacking supply. Not to mention, the rise in mortgage rates and home prices are up by 8%! The high demand and lack of supply in the market is because of the effects of COVID-19 causing interest rates to hit all-time lows. Moreover, the

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2021 April 5

Types of Escrow Accounts and How They Work

Types of Escrow Accounts and How They Work

What are escrow accounts and how do escrow accounts work?, Before we can get into the details, let’s first define what escrow is. Escrow is a process that takes place during the home buying process. Think of it as a form of safekeeping. So, between the time of a purchase agreement and the closing of

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