The Blog
Does Spousal Debt Affect VA Home Loans?
When applying for VA home loans, your financial situation plays a major role in determining your eligibility. But what about your spouse’s financial history? If you're purchasing a home as a married couple, your lender may consider your spouse’s debts in the...
How to Spot & Avoid Home Financing Scams
It would be nice if we lived in a world where everyone was honest. Unfortunately, it’s not the case. Scammers are out there, and they’re willing to take advantage of anyone they can, including new or potential homeowners. Below, we’ve discussed how to identify and...
Home Mortgage Refinance FAQs
Are you considering a home mortgage refinance? Perhaps you’re looking to tap into your equity so you can make improvements to your property. Or maybe you’re wanting to change your loan term or rate. Refinancing your mortgage allows you to replace your existing loan...
10 Things You Should Know Before Getting a Home Loan
Most people don’t have the funds to buy a home outright with cash. Getting a home loan allows them to fulfill their dream of homeownership. Taking out a mortgage makes purchasing a property possible. It means you can finally stop paying rent, start building personal...
First-Time Homebuyer Guide to Energy Incentives
Buying a home is no doubt a significant financial investment. But did you know that there are also financial incentives to be gained from homeownership? Tax benefits, stable housing payments, and the opportunity to build personal wealth are just a few. Additionally,...
Buying Your First Home when Inventory Is Low
Buying your first home can be stressful for many reasons. You’re taking a leap and doing something big that you’ve never done before. It’s nerve-wracking! Add a housing shortage into the mix and things get complicated. Competition is fierce and it seems like there are...
How to Protect Your VA Mortgage Loan & Avoid Foreclosure
Right now, it’s hard to say what will happen to the U.S. economy in the next year. Some experts are saying that a recession is unavoidable and that it’s likely that we’ll see a number of layoffs and foreclosures in the coming months. This kind of uncertainty may make...
Is the Housing Market Cooling Down? Advice for First-Time Homebuyers
n 2020, mortgage rates plummeted to an all-time low, creating an opportune moment for prospective homebuyers and investors. With a housing shortage already at hand, available homes for sale became scarce. This increase in demand and shortage in supply produced a hot...
Are Rates Going Down for VA Home Loans?
Traditionally, VA home loans offer qualifying military and service members a more affordable option for buying a home. In 2020, mortgage rates hit a historic low and remained relatively low for 2021 as well. But in 2022, mortgage rates started going up, raising the...
Tips for Buying Your First House During Inflation
In July of 2022, the consumer price index rose 9.1% from a year earlier in a broad-based advance, the largest gain since the end of 1981. Inflation has increased the cost of everything - from groceries to utilities to gas prices. Buying your first house during a...
How Can I Get a Lower Rate on My Current Home Loan?
Getting a lower rate on your home loan can save you tons of money over the lifetime of your mortgage. The lower your rate is, the less interest you pay over the years. If your current home loan has an interest rate that’s higher than you’d like it to be, you may be...
How Are FHA Mortgage Rates Determined?
So, you’re shopping around for a mortgage and you think an FHA loan might be a good option for you. One reason that FHA mortgages are popular is because of their low-interest rates. Because rates are lower, buyers often end up paying less over the lifetime of their...
What Are FHA Loan Guidelines for Gift Money?
Buying a home requires a significant financial investment. Sometimes, borrowers will use money that has been gifted to them for their down payment. This money is referred to as a “gift fund.” Gift money can be used for any type of mortgage, including FHA loans, so...