Category: Experienced Homebuyer

You’re ready to buy a new home. You’ve agreed on a price, have a mortgage ready, and booked the movers. However, there is one final expense you’ll need to deal with before you can sign your paperwork, collect your keys, and move in. It’s called closing costs. Understanding what closing costs are and how much you’ll need to pay for them will help you budget for your new home.

Private mortgage insurance (PMI) is an often-overlooked cost that homeowners may need to pay when buying their new home. Understanding PMI can help you to avoid paying it or saving money in the long term.

You’ll want to weigh your options carefully and choose the type of mortgage that makes the most sense for your individual situation.

Whether you’re a first-time homebuyer or just haven’t gone through the process in a while, you may be wondering what mortgage points are and if paying for points is worth the cost.

Finding the perfect house for your family is one of the most important parts of the homebuying process. But it’s not the only thing you need to do to get ready for the transition from renter to homeowner. You also want to get the low interest rate on your home loan that will support a monthly payment that makes you comfortable. If you are worried that rates will rise between the time you apply for your mortgage and the closing date, you can lock in your mortgage interest rate early in the process. Here’s what you need to know:

You want a home that’s a good fit for your family. You could renovate your current place, or you could move. Which is the right option for you?

Have you thought about paying your mortgage off faster? Learn why and how.

Refinancing your home essentially means trading in one mortgage for another. There are many reasons you might want to refinance your home: to reduce the interest rate, take out equity for home projects, or reduce other debt. Regardless of the reason, the steps to refinancing are the same.

In this quick video, we’ll explain what land loans are and how they work.

In this quick video, we’ll explain what a construction-to-permanent loan is and how it can help you build and finance your home.