There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mortgage is a home loan where the buyer legally takes ove
Apr 18, 2023 | Purchasing a Home
As you go through the mortgage process, you may encounter the acronym PITI in some of your documents. No, this does not mean your mortgage company is taking “pity” on you and giving you a discount. It is simply a term that includes all the components (pri
Apr 13, 2023 | Purchasing a Home
As you begin the process to get a new mortgage, whether for a home purchase or a refinance loan, your lender will order an appraisal for the property to determine how much it is worth. That valuation will play a large part in your overall mortgage plan. I
Apr 11, 2023 | Purchasing a Home
Your home is probably one of your most valuable assets, especially if you’ve been there for many years. As you near retirement age, you may ask yourself, would it be better to stay in my house as long as possible or to sell it and rent once I retire? The
Apr 06, 2023 | Purchasing a Home
Buying a vacation home can be a great way to spend time in the place you love and save money over time on lodging fees. Here are 5 important steps to buying that dream property by the seaside or in the mountains. Determine the Function of the Vacatio
Mar 30, 2023 | Purchasing a Home
As you get into the mortgage application process, you may hear your lender use the term “cash to close.” What’s the difference between this phrase and closing costs? What does “Cash to Close” mean? Also called “funds to close,” cash to close denotes the
Mar 28, 2023 | Purchasing a Home