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 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 …
What Documentation Will I Need to Apply?
When you’re buying a home, gathering the paperwork for your mortgage before you apply is a good idea. Tracking down documents can take time but doing it before you need …
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 …
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 …
What is a Reverse Mortgage?
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 …
Why did my Loan get Sold?
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 …
