Even with the current high trend in home prices, there are savings opportunities for homebuyers to use if they qualify. A popular strategy is applying for the comparatively cheaper, government insured loan called a VA loan or the Veterans’ Administration home loan. To qualify for this loan, one does not have to be currently active
Though conventional mortgage may be the most common type of mortgage, at some point one might wonder why FHA loans aren’t as coveted. Conventional Loans Conventional loans are those not insured by the government. For the lenders, there’s no concrete collateral besides your property, which may not be worth as much in the future. To
Interest rate VS APR A common misconception about interest rate is that it’s the same thing as APR. Though the interest rate is an important factor when comparing mortgages, APR is more so in the aspect that it tells you not only about the interest rate, but also any broker fees, points, and other charges
If you believe that the rate on your current mortgage is too high, then a refinance may be in order. A loan refinance or refi will save you money by either lowering your monthly payment or reducing the length of your loan and may even do both! Refinancing your mortgage involves the creation of another
If you’re looking to sell your house, improvements may be in order to raise the value of your home. Of course you’ll want to be sure that the amount of money you spend on the improvements earn you the greatest amount of money in return. In this situation, here are some places you can start.