A fixed rate loan or mortgage is a loan that has an interest rate that stays the same throughout the life of the loan. That means it’s not going to increase or decrease so you will always know what to expect on the payment side. Whenever you take out a loan whether it be fixed…

A short sale happens when a property or home is sold and the profits will be less than the debts against the property. In order for a short sale to be successful, all lien holders must agree to accept less than what is owed on the property. Short sales can typically take quite a while…

If you’re new to the home buying process, you may not be aware of jumbo loans as they are generally used by those in the investor field. Although they are lesser unknown, it’s still a good idea to get information on the varying types of funding available just in case it happens to work for…

Buying a home comes with lots of ups, downs, and questions but one thing most people have the most concern over is the financing process. They think they won’t be approved or they think they’re going to run out of time in the process of getting approved and lose out on a home they want.…

Closing costs are fees that must be paid when you are finalizing the buying of a home. The actual closing of the sale is when the title is transferred from seller to buyer and the costs are paid by one of the two parties involved in the transaction. The Basics Behind Closing Costs The primary…

When you make any major purchase, there is some aspect of sales. Whether it be a car or even a new sofa, you want to make your are picking the best product for you and your budget but also not feeling like you were pushed into getting the wrong thing by a salesperson. Many people…

When you make any major purchase, there is some aspect of sales. Whether it be a car or even a new sofa, you want to make your are picking the best product for you and your budget but also not feeling like you were pushed into getting the wrong thing by a salesperson. Research is…

Are you in the process of buying a home or just thinking about purchasing? Have you talked with a lender or are you just browsing online? One of the first steps many home buyers choose to take is to get pre-qualified or pre-approved. This helps to set a standard and limit the search when finding…

Most people are familiar with the term “interest rate” when it comes to credit cards or car loans, but they may not know how interest rates affect their purchase of a home, especially if they are a first time homebuyer. The interest rate is the amount it costs to borrow money and is usually calculated…

Have you been in your home for quite awhile and are thinking about doing some home improvements? Or maybe your credit card balances are getting a bit too high? If you currently own a home and there is equity available in the home you can take out a cash loan for more than your current home…