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The economy has taken a nosedive due to the Covid-19 pandemic and mortgage rates are at their historic lows. This has resulted in many homeowners rushing to refinance their mortgage to shave down on monthly payments and build equity faster. If you are considering refinancing your mortgage for the first…continue reading

Purchasing a home is a significant milestone. There are very few people who have the opportunity to purchase their home with cash, so the smart decision will be taking out a mortgage. However, there is no one right-fit mortgage as there are different types of mortgages with varied benefits –…continue reading

Homeownership comes with many benefits like providing a sense of security, peace of mind, and financial security. Besides, it also has other significant tax benefits that can save you thousands year after year. Many new homeowners do not realize it, but there are potential tax deductions that they can claim…continue reading

If you are in the process of making a significant purchase like a home, you must know what the term “escrow” means. It is basically, one word in a long list of ominous-sounding mortgage lingo, which if you dig deeper is not that complicated. You have probably heard it being…continue reading

Like many mortgage loan applicants, you have probably heard from friends, colleagues, and family that you need two years of continuous employment history to qualify for a home loan. So, if you have found yourself out of employment for an extended period, due to the COVID-19 pandemic or any other…continue reading

Purchasing a home is one of the biggest investments you make in your life. Remodeling it or updating the space over time to suit your needs and styles is a great way to make it your own. Though it is a place you hope to stay in for many years…continue reading

In these challenging times when the economy is battered by the COVID-19 pandemic, the record low refinance rates was a silver lining. Homeowners were utilizing their equity in their homes to save on their monthly payments for some relief on bills. But, on August 12, Fannie Mae and Freddie Mac(…continue reading

If you are taking out a mortgage for the first time or are unfamiliar with the mortgage process, there is a cost that is easy to overlook in the excitement of going through the home buying process. It is known as private mortgage insurance or PMI that homebuyers need to…continue reading

The gig economy refers to a departure from the traditional employer-employee relationship in which flexible or temporary jobs are the norm like freelance or contract work. The growing number of gig economy workers or self-employed have the benefit of working flexible schedules and sometimes work from wherever they want. However,…continue reading

Purchasing your first home is an exciting experience. But the process may seem stressful when you do not recognize the many acronyms and real estate specific terminology used by the real estate agent, loan officer, and in your mortgage documents. Therefore, it is crucial that you learn the basic real…continue reading