Mortgage News, Tips and Resources

The usually tepid fall homebuying season will continue gaining momentum due to the lifting of COVID-19 restrictions, more flexible remote work schedules, motivated buyers, additional space needs, and more.

Purchasing a vacation home offers myriad financial and tax benefits, but it’s also important to review important secondary mortgage factors, such as terms and limitations, requirements, qualifications, credit scores, and suitable options.

With low inventory and interest rates, and home sales occurring at a record pace, it’s even more important for potential buyers to understand the home financing process, such as mortgage options, qualifications, down payment percentages, and other elements.

Home equity and mortgage loans can both be used toward home purchases repairs, improvements and other upgrades, but each financing type differs in requirements, benefits, tax deductions, and repayment terms.

Designated for primary, secondary, and multi-unit properties priced $500,000 or more, jumbo loans help qualified home buyers secure funding beyond current Federal Housing Finance Agency (FHFA) maximum conforming loan limits.

Federal Housing Administration (FHA) loans can aid potential borrowers in achieving homeownership through many benefits, such as low down payments, reduced closing costs, lenient credit requirements, and more.

Prospective first-time home buyers may qualify for several significant cost-saving incentives, such as government-backed loans and grants, tax credits and exemptions, financial assistance, and more.

Sell your home and take advantage of low interest rates, flexible financing options, competitive pricing, and other favorable market trends while following COVID-19 health and safety guidelines.

Home equity is an invaluable investment that can be utilized to obtain a loan, line of credit, or refinancing, for value-driven expenses such as home improvements and emergency repairs, education costs, real estate investments, and more.

Choosing whether to rent or buy is a major decision, with many considerations, such as mortgage type,interest rates, affordability and budget, credit rating, personal and professional goals, and more.

Pre-approval verifies consumer financial data, giving a more accurate picture of the loan amount and interest rate you qualify for.

Refinancing during a crisis can save money and provide a jolt of extra cash, so you can worry less about your finances.

Home purchases are possible during the coronavirus pandemic, but some processes have been dramatically altered.

Home equity loans, FHA 203(k), Fannie Mae HomeStyle™, and Freddie Mac Renovation Mortgage provide a financial assist when it’s time to renovate.

The COVID-19 (coronavirus) pandemic continues to alter everyday life. But what does it mean for mortgage refinancing efforts?

The coronavirus pandemic has thrust the economy into a moment-by-moment state of flux. What does the current climate mean for your mortgage?

Reverse mortgages, or Home Equity Conversion Mortgages, have evolved greatly over the years.

Brooklyn is known for its trendy neighborhoods, but where’s the best places to live in this New York City borough?

Student loan debt can be an obstacle, but diligently managing your debt, along with other factors, can put you on the path toward homeownership.

The mortgage loan pre-approval process can be arduous when you don’t know what to expect.