What is a USDA Loan and How Do I Qualify?
Feb 23, 2023
A USDA loan (or RD loan) is a government-backed loan offering 100% financing in eligible rural or less densely populated areas. This Guaranteed Loan Program assists approved lenders in providing low- and moderate-income households the opportunity to purchase a home with no money down for those who qualify.
The USDA loan program is a great option for qualifying purchasers and is designed to “improve the economy and quality of life in rura...
Buying vs. Renting - 5 Reasons Homeownership Could be Right for You
Feb 2, 2023
With recent mortgage rate drops, many renters may be wondering if now is the right time for them to move forward with purchasing a new home. If you're on the fence, we have put together a list of reasons why a home purchase could be the right move for you.
1. Build home equity.
One of the most significant benefits of homeownership is the ability to build equity in your home.
What is home equity? Home equity is the value of a homeown...
Fixed Rate vs. Arm Mortgage
Jan 25, 2023
Next to choosing the right home, your mortgage interest rate is the next largest decision. Borrowers have the option of a fixed or adjustable-rate mortgage (ARM). Both have pros and cons; here’s what you should know about how they work.
What is a Fixed Rate Mortgage?
Fixed-rate mortgages keep the same interest rate for the life of the loan. Your payment doesn’t change unless your real estate taxes or homeowner’s insu...
Your Guide to Navigating Current Mortgage Rates
Jan 16, 2023
Interest rate fluctuation plays an important role in both our economy as well as our day-to-day lives. They affect everything from the cost of borrowing money to the return on investments.
When it comes to mortgages, homebuyers usually focus on two main things, home price and monthly payments. While buyers tend to put more attention on the impact that home price has on their monthly payment, they often fail to see the...
