Category: Home Ownership
Common Mortgage Closing Costs: A Guide
Mortgage closing costs are fees and charges that buyers pay on closing day, in addition to the down payment. Understanding the common mortgage closing costs can help you budget and plan accordingly.
Interest vs. APR: What’s the Difference?
Mortgage shopping? If so, it pays to know the difference between interest rate and APR. This article will define them both and help you understand why they matter when picking the best home loan for you.
Is an Adjustable-Rate Mortgage Right for You?
Mortgages are not one-size-fits-all. Your specific circumstances dictate what mortgage product is right for you. In this blog, we will look closely at adjustable-rate mortgages and determine when they might be the right choice for you.
Why Your Debt-To-Income Ratio Is Important When Applying for Loans
If you’re looking to borrow money with the help of a loan, you may have heard the term “debt-to-income ratio” (DTI) thrown around. This article will break down what DTI is and the important role it plays in the loan application process.
Cash-Out Refinance vs. Home Equity Loan: What’s The Better Option for You?
Two common ways that homeowners turn equity into money are a Home Equity Loan or a cash-out refinance. This blog will cover the basics of these two options and help you determine which is right for you.