Home Refinancing: Increasing or Decreasing Your Mortgage

When it comes to home refinancing, homeowners generally have two options—changing the rate or the term of their mortgage (or both). One isn’t necessarily better than the other, as the benefits and advantages will depend on the borrower’s goal and current financial standing. For example, if you extend your mortgage term, you should be able
Read more
No Comments

FHA Financing, Right For You?

FHA loans are popular options because they allow borrowers to purchase a home with a relatively small down payment, and they are typically easier to qualify for than other loan types. While there are many advantages to FHA financing, they’re not the best option for everyone. If you have a good credit score and are
Read more
No Comments

USDA Mortgage Loans – Things To Know

USDA loans are mortgage loans which are guaranteed by the U.S. Department of Agriculture. The program is officially known as the USDA Rural Development Guaranteed Housing Loan Program, or the “Section 502 loan”, named for its place in the USDA charter. USDA loans are also known as “Rural Housing Loans”, which can be a bit of a misnomer. USDA loans can be used
Read more
No Comments