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What about Mortgage Rates?

One of the most important things to do when shopping for a mortgage loan is to lock-in when mortgage rates are at their lowest (so you can improve your mortgage rate outcome). But let’s back up a bit.

What About New Home Purchasing?

First-time home buying can be challenging due to steep down payments, tougher mortgage requirements, and higher home prices. The NY Times says, “It’s never been easy for first-time buyers to get into the real estate market, but that’s been especially true in recent years.

What are VA Loans?

VA Loans are offered through private lenders, mortgage companies or banks.

Should I Refinance?

Most borrowers are attracted to refinancing for two main reasons: 1) to save money on a monthly mortgage; or 2) to save money on interest over the life of the loan. These are both great incentives for refinancing, but if you aren’t getting a significantly better interest rate, at least one percent or lower than your existing rate, it probably just isn’t worth it.

Which is a better term – 15 or 30 years?

Buying a home requires a careful analysis of your future financial and personal goals so you can enjoy home ownership, not stress over it. Part of knowing how much you can afford takes into account both current expenses and future expenses (and expenses that you don’t know you will have down the road.) Mortgage payments need to be able to flex to accommodate the unknown and the known.