Everyone deserves the opportunity to achieve the American dream of homeownership, and few are more deserving than America’s military veterans and servicemembers. For that reason, the U.S. government created the VA home loan program to help eligible military-connected borrowers buy, build, repair, retain or adapt homes for their personal residences.
Before you can get a mortgage to buy a home, your lender’s appraiser typically must agree that the home is worth at least as much as the sales price. If the home appraisal value comes up short, a situation called an appraisal gap is created, and you won’t be able to secure your loan for ...
Mortgage rates are still near historic lows, but they’ve been trending upward recently. If you’re looking for a better deal on your home financing – whether to buy a new home or to refinance a current one – an adjustable-rate mortgage (ARM) may be one solution. Here’s what you need to know about ARMs and ...
If you’re thinking about buying a home, should you buy sooner or later? Home prices are predicted to rise by 11% in 2022, and mortgage rates are expected to increase to 4%. That means if you wait to buy, it could cost you a lot more.
As a homeowner, it’s important to stay on top of your finances. This includes periodically checking to ensure that your current mortgage is still the right fit for you. If your goals or situation have changed or if better mortgage options have become available, it may be time to reassess your mortgage to see if ...
