Determining the best length for your mortgage

A mortgage is most likely the largest loan you’ll ever have!  It’s rather important to be sure that you’re getting the best terms on it as a slight misstep can result in additional thousands of dollars in interest over the life of the mortgage. The largest variable in a monthly payment isn’t based on credit
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Conventional vs. Government-backed Loans

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
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Understanding your mortgage

Tax deductions The tax deductions that you’re eligible for while having a mortgage certainly is a great reason for buying a house, but there’s more to buying than just tax deductions. Remember that the deductions on mortgages and/or the costs to obtain the mortgage won’t decrease your total bill, but reduces exactly how much of
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Mortgage Misconceptions

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
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Refinancing your home can save you money

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
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