Know Your Mortgage Loan Options

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Major types of mortgage loans include: Fixed-rate loans. Because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans remain the most popular type. Most fixed-rate mortgages are for loan terms of 15…
What is a 2-1 Buydown

What is a 2-1 Buydown?

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Reduce mortgage payments for the first two years of the loan with a 2-1 buydown from BankSouth Mortgage! Buying a home is an exciting milestone but can come with additional startup costs. Between things like new furniture, fresh paint, and…
Why You Should Consider Refinancing Your Mortgage

Why You Should Consider Refinancing Your Mortgage

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Get 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…
What is a renovation loan

What is a renovation loan?

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A renovation loan is a type of loan that borrowers can use to make renovations to their current or future home. It could mean turning a fixer-upper into the home of your dreams. Renovation loans can be taken out at the time of purchase or as…
Step-by-step VA Loan

Step-by-step VA Loan Process and Highlights

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Are you active or retired military, or even a surviving military spouse? Good news! You may qualify for a VA loan! A VA loan is a type of loan that is guaranteed by the U.S. government to help active or retired military and their spouses obtain…
5-VA-Loan-Questions-Answered

5 VA Loan Questions Answered

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November is National Military Family month, and it also includes Veterans Day on Friday, November 10, 2023. One of the many benefits the US Government provides to past and present members of our armed forces, and qualifying surviving spouses,…