Home Loans

What is a VA loan?

Veterans, we are eternally grateful for the sacrifices you have made for our country. While there is nothing we can do to adequately thank you for your service, we can offer guidance and assistance during your homebuying process. We are here to help you navigate VA loans and get the keys of your dream home…

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Home Loans

6 Tips for the First Time Home Buyer

Have you recently decided that the time is right to buy your first home?  With Spring weather upon us, the market is starting to become active and many great homes are beginning to be listed for sale. The process of buying your first home can be a very exciting time.  It’s truly a fresh start in a…

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Community

The Impact of a Qualified Realtor

When selling your home, it is important to ensure that you are dealing with a qualified realtor to help you during the selling process. There are a lot of realtors out there to choose from, so doing thorough research before choosing a realtor is key. While it is important to understand that not all realtors are created…

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Mortgage Basics

How Mortgage Amortization Works

How does mortgage amortization really work? A fixed rate loan can also be referred to as a fixed payment loan – However, the amount of principal and interest paid changes with each payment. Interest Paid – The math behind “amortization” or paying a loan off in a fixed period of time starts with the amount…

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Mortgage News

The Fed Increased Rates

The Fed increased rates at their most recent meeting. They also indicated they will likely raise rates three additional times in 2018. Please read on for more: First, who is the Fed and what do they do? The Federal Reserve Board (the Fed), controls the Fed Fund Rate and the Discount Rate. These are charges…

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Mortgage Basics

APR: Comparing the cost of loans

APR (Annual Percentage Rate) Comparing the cost of Home loans When you see a loan rate advertised, you’ll also see a corresponding APR (4.5%/4.762% APR). This Annual Percentage Rate is the total cost of your loan (interest and fees) expressed as a single number. The purpose is to give you one number for comparing multiple loans.…

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Home Loans

The FHA loan program

The FHA loan program was designed to help those who have trouble getting a home purchase a new home. In fact, the FHA loan program is the oldest loan program in the US. It’s been helping people get homes from close to 90 years. Created during the great depression and insured by the Federal Housing…

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