As you shop for a mortgage, you’ll likely hear the terms conforming and non-conforming thrown around. It’s important that you understand these terms and figure out how you fit into them in order to determine which loan is right for you.Compare Offers from Several Mortgage Lenders. What are Read more
What Does Table Funding Mean?
As you head to your loan closing, you may hear the term table funding used. You may also hear it called a ‘wet closing.’ This is in contrast to the other option, which is a ‘dry closing.’ While the names sound odd, it basically pertains to a closing that occurs when the ink on the paper is ‘wet,’ or Read more
What is the Ideal Mortgage Term?
Applying for a mortgage means you have to make many decisions. Among them is the mortgage term. This determines how long you will take to pay your mortgage back. It has a major impact on the amount of your monthly payment; your interest rate, and the amount of interest you pay over the life of the Read more
Which Loan Should You Use as a First-Time Homebuyer?
Have you heard that the FHA loan is the best first-time homebuyer’s loan? In fact, it’s been known as only a first-time homebuyer’s loan for many years. That’s not the case, though. First-time homebuyers can use any type of financing that is available in today’s market. What you need to decide is Read more
What are the General Mortgage Requirements for First-Time Home Buyers?
If you are a first-time homebuyer, you are probably overwhelmed at the many loan options available today. While there isn’t a first-time homebuyer’s loan in particular, there are minimum requirements you’ll have to meet in order to qualify for a mortgage.Compare Offers from Several Mortgage Read more
