Are you among those who dream of having a place to call home while wrestling with student loans? You're not alone! According to Forbes, as of 2023, there were more than 26.2 million Americans who are out of school but carrying a collective student loan de
Nov 09, 2023 | Purchasing a Home First-time Homebuyers Mortgage Basics
As you go through the mortgage process, you may encounter the acronym PITI in some of your documents. No, this does not mean your mortgage company is taking “pity” on you and giving you a discount. It is simply a term that includes all the components (pri
Apr 13, 2023 | Mortgage Basics
As you begin the process to get a new mortgage, whether for a home purchase or a refinance loan, your lender will order an appraisal for the property to determine how much it is worth. That valuation will play a large part in your overall mortgage plan. I
Apr 11, 2023 | Mortgage Basics
During the mortgage application process, you will receive a very important document called the Loan Estimate (LE). This three-page form will provide you with detailed information about your proposed mortgage. Here’s what you need to know to effectively ma
Mar 21, 2023 | Purchasing a Home Mortgage Basics
As you start applying for a mortgage loan, you will probably hear the terms “APR” and “mortgage interest rate” a lot from lenders. What do these mean, what is the difference between them, and how do they affect your home loan? Mor
Jan 24, 2023 | Interest Rates Mortgage Basics
When you are ready to buy a home, you may hear your mortgage lender start talking about your debt-to-income ratio, or DTI. While you may not have heard that term before, it is actually a very important number when it comes to figuring out if you can qual
Jan 05, 2023 | Mortgage Basics
