The Truth About Private Mortgage Insurance (and How to Make It Work for You) PMI Sounds Scary—But It Might Be Your Ticket In If you’ve heard of PMI and thought, “Ugh, one more fee?”—you’re not alone. Private Mortgage Insurance can feel like a mystery charge when you’re already juggling numbers. But here’s the truth: it […]
A Fixed-Rate Mortgage Keeps Your Payments Predictable With a fixed-rate mortgage, your interest rate—and your monthly payment—stay the same for the life of the loan, whether that’s 15, 20, or 30 years. This is ideal if: It’s the “set-it-and-forget-it” option that gives many buyers peace of mind. See what fixed-rate payments look like with our
You’ve probably heard it a hundred times:“You need a great credit score to get a mortgage.” But what exactly is a “great” score?How much does it really affect your approval — or your interest rate?And what if your score isn’t perfect? Let’s clear up the confusion and give you the truth about how credit scores
1. The Perks (and Price) of New Construction New builds offer: Modern layouts and finishes Energy-efficient systems and appliances Customization options (flooring, cabinets, paint colors) They’re perfect if you want a move-in ready home with zero surprises. However, new construction can come with a higher price tag and longer timeline—you might wait several months before you can move in,
First-Time Buyer Guide: Understanding FHA vs. Conventional Loans and Which One Is Right for You 💡 When you’re choosing a mortgage, understanding the difference between FHA loans and conventional loans can have a significant impact on your home-buying experience. As a first-time homebuyer, it’s crucial to understand the advantages and potential drawbacks of the mortgage
1. The Closing Disclosure Lists All the Final Terms of Your Loan The closing disclosure (CD) is a detailed summary that includes all the final terms of your mortgage, such as: Monthly payments: What you’ll pay each month Interest rate: The rate that will apply to your loan Closing costs: Any fees due at closing, including lender fees, title insurance, and
1. A Home Warranty Covers Major Home Systems and Appliances A home warranty is a service contract that helps cover the repair or replacement of major systems and appliances in your home, such as: HVAC systems Kitchen appliances (dishwasher, oven, fridge) Plumbing and electrical systemsIf one of these systems breaks down due to normal wear and tear, the warranty can help cover
1. A Title Commitment Outlines the Conditions for Title Insurance A title commitment is a document issued by a title company that details the conditions under which they will provide title insurance. It serves as a preview of the title insurance policy you’ll receive after closing. This insurance protects you in case there are any title disputes after you purchase the