VA Loans

The VA loan was one of the many veterans’ benefits created by the Servicemen’s Readjustment Act of 1944, more commonly known as the “G.I. Bill.” The American Legion campaigned for …

What Makes Rates Change?

Changes in mortgage rates are an important factor in our decision to purchase houses or refinance existing mortgages. It makes us wonder, what really causes the mortgage rates to rise or fall? Well, …

What is Escrow?

Oftentimes, during the mortgage process, the one aspect that can bring the most angst is the credit pull. There are MANY reasons why a credit pull may present problems, some …

mortgage

What is an FHA Mortgage?

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). The FHA was created in 1934 as a result of the National Housing Act. This division of the government was …

How Appraisals Work

Property appraisal is the process of creating an estimate of value for real estate. Fair market value (FMV) is the price a property would sell for given a reasonable amount of time and …

jumbo

What is a Jumbo Loan?

A Jumbo loan is a mortgage where the amounts exceed conforming loan limits as set by Fannie Mae and Freddie Mac. Qualifying properties include primary residences, second homes, and investment …