The mortgage markets plays a crucial role in the overall economy, and its performance significantly impacts various sectors, including real estate investments. Despite soaring inflation, the Federal Reserve Board keeps increasing interest rates, which means higher mortgage rates. Rising inflation and the potential for interest rate hikes in the future have introduced an element of…
In this article, we will cover and discuss the down payment and closing costs required for a home purchase. Many first-time home buyers are very concerned about how much money they would need to save in order to be qualified to be able to purchase their new home. Believe it or not, many people who dream…
In this guide on using gift funds for the down payment on a home purchase. We will cover how family can gift you the down payment and closing costs on your home purchase. Today, we will discuss using gift funds for a house down payment. Using gift funds for the down payment is allowable with…
In this guide on what are the eligibility and qualification requirements to qualify for a mortgage after Chapter 13 Bankruptcy, we will cover what type of mortgage loan program you can qualify for during and after the Chapter 13 Bankruptcy repayment plan. We will also cover the agency mortgage guidelines on qualifying for a mortgage…
In this blog, we will cover and discuss what is an adjustable-rate mortgage and how it works. We will go into detail on how adjustable-rate mortgage home loans work, the advantages, and the difference between a fixed-rate mortgage. An adjustable-rate mortgage has a fixed rate for a period of a certain amount of years and…