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 …
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, …
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 …
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 …
If you’re about to take out a home loan, it’s important to understand the differences between a fixed-rate and adjustable-rate mortgage (ARM). For instance, you might be wondering why most …
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 …
A reverse mortgage is a unique loan product that allows homeowners, ages 62 and older, to convert a portion of their home equity into cash. While the senior remains in …
Getting a letter or email from your mortgage company telling you that your loan has been sold can be shocking and concerning. You’ve just purchased a new house, why is …