Contour Mortgage News

Pre-Qualification vs. Pre-Approval vs. Commitment Letter

Buying a home can be competitive, whether it’s a buyer’s or a seller’s market. You may find the perfect property that checks every box off your wish list, but fail to act....

Home Buyers / May 25, 2018

5 Things to Know About Fannie Mae HomeStyle Loans

The Federal National Mortgage Association, commonly referred to as FNMA or Fannie Mae, offers the HomeStyle® Renovation Mortgage. This loan is specifically designed to....

Home Buyers / May 18, 2018

What is the Mortgage Escrow Process?

The term “escrow” is applicable to various industries, but you’re probably most familiar with it in the context of buying a property.

By definition, “escrow” refers to “a....

Home Buyers / May 04, 2018

6 Benefits of a VA Loan

If you or your spouse has ever served or is currently serving in the military, you may be eligible for a VA loan. This type of mortgage loan is guaranteed by the U.S.....

Veterans / April 18, 2018

Can You Add Renovation Costs to Your Mortgage?

Some home buyers are only interested in move-in ready properties, but others are open to looking at fixer uppers. While it does require more elbow grease, purchasing a....

Home Buyers, 203k Loan / April 04, 2018

6 Tips for Getting a Mortgage Loan

When it comes time to buy your first home or move into another that better fits your needs, getting a mortgage loan is a key part of the process. However, there are....

Home Buyers / March 23, 2018

What Are 203(k) Loan Requirements?

There are significant advantages to securing a 203(k) loan, which is backed by the government agency Federal Housing Administration (FHA), for those looking to purchase a....

203k Loan / March 09, 2018

4 Facts About FHA Home Loans

There are a wide range of mortgages available for home buyers to consider. FHA home loans are just one option and are especially helpful to those who may not necessarily....

Home Buyers / February 08, 2018

4 Types of Mortgage Loans that Home Buyers Should Consider

For many people, they’re going to need some financial assistance in order to achieve their dream of homeownership. This is where a mortgage loan comes into play. However,....

Home Buyers, Reverse Mortgages, USDA / January 30, 2018