Mortgage News, Tips and Resources

With this year’s winter real estate market again predicted to be one of the best ever, now is the perfect time to sell your home due to low interest rates, added demand, proactive buyers, increased digital marketing tools, and other trends.

To help make sure adults and children have a safe time trick-or-treating, we've compiled a list of Halloween safety tips. Contour mortgage is here.

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.

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.

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

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

When looking for a place to live, Baltimore’s suburbs defy expectations.

5 helpful tips to remember when you are moving into a new home.

7 Important items that will help you when you move into your first home.

There are multiple factors that determine how much home you can afford, including your income, debt-to-income ratio, property taxes, homeowner’s insurance, and other monthly expenses.

USDA and FHA loans are both federal programs assisting low-income families and home-buyers obtain mortgages, with two important distinctions: USDA loans specifically cater to those within rural and suburban areas, while FHA loans are open to all applicants, regardless of finances or geography.

Several popular home loans for low-income families include HomeReady, Home Possible, Conventional 97, piggyback mortgages, FHA, and USDA loans.

Applicants must meet several FHA loan requirements. This includes providing documentation of a stable employment, income and credit history, and the ability to afford 3.5 percent down.