Want to better understand mortgages? Then you need to understand the essential terms. Using this mortgage glossary, you’ll have a better understanding of real estate and the mortgage industry. This is Part 2 in our
There are a lot of myths in mortgage lending and real estate. You must have a 20% down payment. False. You can’t purchase a home if you already have a significant debt load. Wrong. It’s
Mortgages can be confusing. There are loan terms, interest rates, down payments, closing costs, and many other detail that you need to understand in order to get the best results. Another important detail is the
There are a lot of decisions to make when it comes to buying a home. One of the most important is deciding between a fixed-rate and an adjustable-rate mortgage. While adjustable-rate loans have their benefits,
For most homebuyers across the country, a conventional loan is enough for their purchase. However, in high-market areas like San Diego, large sums of money are needed to purchase even a moderate home. After all,
Because financing options are limited, non-warrantable condos create problems for buyers and sellers. However, if you work with the right team, you can find affordable financing for next home, regardless of the property’s status. Financing
Mortgage loans come in many forms, including adjustable-rate mortgages, which are often called “ARM loans.” These loans have a unique structure that allows the interest to go up or down alongside current rates. Instead of
Refinancing a mortgage loan can have many benefits, but homeowners often delay this step because they may be comfortable with their current mortgage, don’t know how to proceed, or don’t understand the right times for
Homeownership. It’s the American dream, the symbol of stability, security, and prosperity. It’s one of the staples of living a financially-secure life, and one of the pillars that supports the American economy. While people may
Amortization is an important term in real estate lending, but one that is not well understood outside of people working in the industry. This concept has an impact on payments for fixed-rate loans, but not
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