Posts Tagged ‘Educational Information’
Five Things You Should Know Before Buying a House
Buying a house is one of the most significant financial decisions people make in their lifetime. Whether it’s your first home or a new property to add to your investment portfolio, purchasing a house requires careful consideration of several factors. Here are the five things people should know before buying a house. Know Your Budget…
Read MoreHow to Remove Private Mortgage Insurance (PMI)
If you’re in the market for a new home, you’ve likely heard the term Private Mortgage Insurance or PMI. Do you know what it is? And more importantly, how to remove PMI from your mortgage? We’re here to help. What is PMI? From Freddie Mac: For homeowners who put less than 20% down, Private Mortgage…
Read MoreWhy is my Credit Karma score different than my mortgage credit score?
Credit Karma is a great tool when it comes to credit monitoring and fraud alerts, but using the free tool while applying for a mortgage can sometimes raise confusion. Why is my Credit Karma score different than the credit score my mortgage Loan Officer is using for financing? This is one of our most commonly…
Read MoreTips to Maintain a Good Credit Score
If you’re in the market for a new home, your credit score will determine whether or not you’re eligible. Your score will determine the loan program you qualify for and your interest rate. Your credit score may be the single most important asset you have. You spend years building your score – here are a…
Read MoreLoan Programs Available for First-Time Buyers
Mortgage 1 offers multiple loan options designed to help first-time home buyers achieve the American Dream. FHA Loans. First-Time BuyerThese loans are backed by the Federal Housing Administration (FHA). This type of loan may be more attractive to someone who has less than perfect credit. They require a down payment of at least 3.5% of…
Read MoreWhat are the benefits of homeownership?
Owning a home is a quintessential part of the American dream. Homes give families a sense of security and belonging. Homes are where holidays are celebrated and memories are made. Homeownership has a variety of practical benefits, too: Building equity: As you make mortgage payments, you build equity in your home, which is the difference…
Read More
