The Exciting Possibilities of a VA Cash-Out Refi
If you’re a veteran, you have several options for refinancing --ones that work differently than a streamline refi. With a VA cash-out refi, veterans like you can take out some of the equity and use it however you want.
Just like any other big financial decision, you'll want to...
In the News: Feds Target No-Money-Down Home Loan Programs
Although no specific changes have gone into effect, the U.S. Department of Housing and Urban Development is asking national groups to hold off on lending down payments to FHA home buyers. The reason? Feds say that buyers who don't supply their down payment are at higher risk of defaulting...
Here's Why Your Home Equity is Your Most Valuable Asset
A simple way to understand what home equity is is to think of it as the portion of your home that you truly own, that is, the value of your home not included in your current home loan. Home equity is what makes homeownership such a great investment. The opportunity to increase equity can be quite...
What's a Hybrid Loan and How It's Different Than a 30-Year Fixed Loan
Two common mortgage types that you've probably heard of are a fixed-rate and an adjustable-rate mortgage. A fixed-rate mortgage has a set rate for the whole life of the loan while an adjustable-rate mortgage, or ARM loan, usually begins with a lower rate than adjusts to a fixed-rate...
First-Time Homebuyers: Avoid These Mistakes!
Buying your first home is a thrill. Browsing homes online, daydreaming when driving through neighborhoods, and creating a Pinterest board to save remodeling ideas is great fun. But don't let the excitement of buying your first home cause you to make silly mistakes.
Here are the most...