Choosing Between a 5/1 and 7/1 ARM?

Choosing Between a 5/1 and 7/1 ARM?

With 30-year mortgage rates now topping 20-year highs, borrowers are looking to alternative loan options to save money on home loans. Adjustable rate mortgages (ARMs) are becoming more popular as homebuyers and refinancers look for lower introductory inte

Dec 19, 2023 | Purchasing a Home

Understanding Mortgage Prepayment Penalties: The Hidden Costs

Understanding Mortgage Prepayment Penalties: The Hidden Costs

Mortgage prepayment penalties can be a perplexing aspect of your home financing journey. Essentially, they are fees imposed by lenders when you pay off your mortgage earlier than agreed upon or exceed the specified payment limits. These fees are designed

Dec 12, 2023 | Purchasing a Home

Is Refinancing my Mortgage to Eliminate High-Interest Debt a Smart Move?

Is Refinancing my Mortgage to Eliminate High-Interest Debt a Smart Move?

Are you tired of juggling a pile of bills, from high-interest credit card debts to personal loans and auto payments? If so, there might be a financial strategy that could simplify your life: refinancing your mortgage to consolidate all those debts. In thi

Dec 05, 2023 | Refinancing a Home

2024 Conforming Loan Limits Update: What Homebuyers Need to Know

2024 Conforming Loan Limits Update: What Homebuyers Need to Know

          What Are Conforming Loan Limits?   Conforming loan limits refer to the cap on the size of a mortgage loan that Fannie Mae and Freddie Mac can buy or guarantee. These limits are important because they influence the m

Nov 28, 2023 |

Stay Alert: Top Consumer Scams to Watch Out for After Home Closing

Stay Alert: Top Consumer Scams to Watch Out for After Home Closing

                  Congratulations on closing on your new home! While this is a time for celebration, it's also crucial to be aware of the various consumer scams targeting new homeowners. Scammers often prey on

Nov 28, 2023 |

Avoid These First-Time Homebuyer Mistakes in the New Year

Avoid These First-Time Homebuyer Mistakes in the New Year

                  Embarking on the journey of buying your first home is exciting, but it can also be fraught with potential pitfalls, especially for those new to the process. As we step into the New Year, it's

Nov 28, 2023 |

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