One Extra Mortgage Payment a Year Can Add Up to Big Savings

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One Extra Mortgage Payment a Year Can Add Up to Big Savings

When you bought your home, you (hopefully) qualified for a mortgage that you could afford and if you stay on top of it monthly, you’ll own your home free and clear in 30 years (or less, depending on your loan terms.) Making extra payments may not even have crossed your mind, but there are actually plenty of reasons why you might want to scrape together just a little bit more to throw at your mortgage each year.

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What if Rates Rise while my House is Under Contract?

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What if Rates Rise while my House is Under Contract?

With long-term mortgage interest rates starting to rise after years of staying near historic lows, there is a good chance rates could continue to climb during your home buying process. When you get pre-approved for a mortgage, you are often quoted a certain interest rate or range. If you are basing your ability to afford a house on that quote, what happens if market rates increase after you’ve had an offer accepted on a property?

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Can You Get a Loan to Buy an AirBnB?

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Can You Get a Loan to Buy an AirBnB?


Renting out privately-owned properties has become the preferred style of accommodations for many travelers today. Sites like AirBnB and VRBO allow property owners to list their condos, houses, and cabins to tourists looking for a different experience from the standard hotel chain. More and more investors and entrepreneurs are jumping into the AirBnB market to take advantage of this trend. If you are interested in becoming a travel property owner, one of the most important things to understand is how to get financing for your venture.

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What an 18% Jump in 2022 Conforming Loan Limits Means for Me

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What an 18% Jump in 2022 Conforming Loan Limits Means for Me

The new loan limit for conforming loans, which can be bought by Fannie Mae and Freddie Mac, will rise to $647,200 in the new year for most areas, up from $548,250 at the present time.

What does all this mean for you as a buyer or refinancer in the next year? It means it will be easier to qualify for a conforming loan and all the associated benefits.

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How to Get Past First-Time Home Buyer Anxiety

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How to Get Past First-Time Home Buyer Anxiety

Buying a home is a major financial purchase. In fact, it is often the largest investment many people will make over the course of their lives. So, no pressure, right? The fact that it is a weighty decision with real consequences can cause a lot of anxiety for many potential homebuyers, sometimes even paralyzing them from pulling the trigger on a home purchase. If you worry about the size of your down payment, and what happens if you can’t make your mortgage payments, you are among the millions who face the same fears every year. While buying a house can be daunting, it can also be smart and rewarding. Here are some tips for helping to get past those first-time home buyer anxieties and to feel like you are truly ready to jump into the market.

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6 Tips for Saving a Down Payment as a Renter

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6 Tips for Saving a Down Payment as a Renter

Homeownership is the American Dream, and yet with house prices on the rise, it can sometimes feel unattainable if you’re still trying to make a rent payment each month. Even with increasing prices, it is possible to save for that first down payment while renting. Here are six tips for making the American Dream your reality...

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