Common Terms Used When Financing a Home
If you are in the process of buying a home, you are probably looking to get a loan for your purchase. A loan for the purchase of a home is called a mortgage. Here are some other common terms that…
Adjustable Rate Mortgages – Pros and Cons
Shopping for a new home can be a lot of fun. You get to explore neighborhoods, different styles of home, and (hopefully) find just the right place for you. Shopping for a mortgage is less glamorous, but still a very…
A Pipe Burst in My House… Now What?
If you are a homeowner, you have probably experienced a home maintenance surprise. If you haven’t yet, chances are it will happen at some point. Here are a few questions to ask yourself before you take the next step. Are…
Understanding Your Amortization Schedule
Congratulations, you bought a house! Before you’re able to unpack the last box, your mortgage company has probably been in touch about making that first monthly payment. Welcome to homeownership! If you are itching to get that loan paid off…
What Kind of Insurance Do I Need for My Home?
Home is where the heart is. It’s also usually where all of our stuff is and if you want to protect your belongings against fire, flooding, theft, or other accidents, you will need insurance. Insurance is essentially a contract that…
Do I Need Flood Insurance?
Depending on where you live, flooding may be a daily worry, seasonal concern, or something that you never have to watch. Flooding can quickly become very dangerous to both people and property. The best way to keep yourself safe is…
How much equity do I have in my home?
Home ownership is an admirable goal and one that many Americans work towards throughout their lives. You may think that once you sign on the dotted line and have the keys to your own home, you are a home owner.…
Should I Buy a Fixer Upper? The Pros and Cons of DIY
Everyone dreams of a custom home that they can take pride in and is exactly what they need. Custom homes can come with a hefty price tag, which is why so many homeowners turn to a Do-It-Yourself, or DIY, project…
The FHA Loan explained
One of the biggest hurdles that first time homebuyers face is saving up for a sizable down payment on a home. Even experienced homeowners may need to plan for a long time for a new home purchase. Fortunately, FHA loans…
Qualifying for a Mortgage When You Work for Yourself
If you are a freelance employee or entrepreneur, you may wonder how your income stream will impact getting approved for a home loan, or mortgage. While the process can be slightly different, with additional paperwork needed, working for yourself doesn’t…
