How to Avoid 3 Common Mortgage Scams

How to Avoid 3 Common Mortgage Scams

There are scams out there for everything, and obtaining a mortgage is no exception. While home buying and ownership are typically a source of pride and happiness, unscrupulous individuals are always coming up with schemes to con you out of your hard-earne

May 24, 2022 | Mortgage News

What is a Housing Bubble and are We in One?

What is a Housing Bubble and are We in One?

A housing bubble occurs when demand for real estate outpaces supply, causing the average price of properties to rise – often at an alarming rate. This impacts homebuyers and sellers when it occurs, as they consider whether now is a good time to buy

May 18, 2022 | Mortgage News

What is a Drive-By Appraisal?

What is a Drive-By Appraisal?

When buying your home, one of the important steps in the mortgage financing process is having an appraisal done. Having an appraiser determine the value of the property is essential to determining how much your lender is willing to lend you for the purcha

May 17, 2022 | Mortgage Basics

Home Equity Vs. Cash-Out Refinance Loans

Home Equity Vs. Cash-Out Refinance Loans

If you need a chunk of change for a home improvement project, paying for your student’s college tuition, consolidating your own debt, or even paying for medical bills, you may be able to pull that money out of your house. This can be done either through a

May 10, 2022 | Refinancing a Home Home Equity Loans

Can You Afford a Second Home?

Can You Afford a Second Home?

A recent study from the National Association of Realtors found that American homeowners gained over $8.2 trillion dollars in housing wealth over the past decade. And with home prices and inflation skyrocketing, there has never been a better time to put yo

May 03, 2022 | Purchasing a Home

What if Rates Rise While My House is Under Contract?

What if Rates Rise While My House is Under Contract?

With long-term mortgage interest rates starting to rise after years of staying near historic lows, there is a good chance interest rates could continue to climb during your home buying process. When you get pre-approved for a mortgage, you are often quote

Apr 26, 2022 | Purchasing a Home