Tag: Homebuyer

Posted on 11/20/2023

Assuming a VA Loan: Pros & Cons to Consider

Assuming a loan allows you to take over the mortgage of another homeowner. Doing so allows you to skip the long, expensive process of applying for a brand new mortgage. While there's still paperwork involved, it can be a very convenient option. Assuming a VA loan has its own set of specific pros and cons for military buyers...

Assuming Loans

Homebuyer

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Posted on 03/27/2023

VA Loans: Benefits & Disadvantages

If you're a veteran, a VA loan might seem like the perfect option for financing a home. However, there are some important differences between VA and conventional loans which could affect your decision. Here are some of the major pros and cons of VA loans to help you make the best financial choice: VA Loan Pros No Down...

Funding Fee

Homebuyer

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Posted on 01/09/2023

Mortgage points: Your basic guide

Mortgage points can be a confusing topic, especially if you’re not familiar with them. And while they are hefty in value, the information surrounding them is often overwhelming. So, let’s start with the most basic point: What, exactly, are mortgage points, and why do I need to know about them? Here’s a quick and simple guide to understanding...

Homebuyer

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Posted on 11/07/2022

First-Time Homebuyer Guide: The Best Loans Available to Veterans

The U.S. Department of Veteran Affairs offers financing options for first-time homebuyers who've served in the military. Knowing the different kinds of VA loans available will help you determine the best option for your home buying plans. It can also help you prepare for the application process and find your eligibility. Here are the basic types of VA...

First Time Homebuyer

Homebuyer

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Posted on 08/01/2022

Getting preapproved for a mortgage: The basics

Getting preapproved for a mortgage is an essential part of the home-buying process. While it’s possible to wait before securing your financing, there are major benefits to getting preapproval early. For more information about preapproval, here are the basics to consider: When to get preapproval It’s recommended that would-be homebuyers obtain a preapproval letter from a mortgage lender...

Buying

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