How Co-Signing Can Help You Become a Homeowner
General, Loan Assistance, TipsWe’ve all heard of the term co-signer, but what does it mean, and how can it serve you in purchasing a home? For the right situation, a co-signer can aid in securing a home loan for a purchaser so that he/she can move forward from renting…
The Basics of Selling Your Home
General, Loan Assistance, Mortgage Process, TipsLike buying a new home, selling your home can be an emotional and complex process. You can use a real estate agent to help or you can try to sell it yourself which is called an FSBO -- For Sale By Owner -- transaction.
An FSBO transaction…
How to Find Your New Home
General, Loan Assistance, Mortgage Process, Mortgage Programs, TipsThere are two main ways to search for your new home. First, you can calculate how much you can afford, then shop for homes in that price range. Your income, size of down payment, and any equity you have in your current home are the major…
COVID Forbearance: Separating Fact from Fiction
Credit, Loan Assistance, TipsWhat You Need to Know
FACTS
As part of the CARES Act, the federal government states that borrowers with loans owned, guaranteed, or insured by Fannie Mae, Freddie Mac, FHA, VA, and USDA can apply for forbearance for up to 6 months initially…
Why You Should Consider Refinancing Your Mortgage
Homeowner Benefits, Loan Assistance, Mortgage Types, TipsGet a Lower Rate, Take Cash Out of Equity, or Get Rid of PMI
When you refinance a loan, you essentially replace the current loan with a new loan. There are a variety of reasons to go through this process, from lowering your interest rate, to…