Fixed-Rate vs. Adjustable-Rate Mortgages: Which is Best For You When Looking to Refinance?
When looking to refinance, there are two options—a fixed-rate mortgage or an adjustable-rate mortgage (ARM). Both types of mortgages may be able to help lower your monthly payments, but you should be aware of their differences before deciding. Fixed-Rate Mortgages A fixed-rate mortgage is a mortgage loan where the interest rate remains the same throughout…Read More
Refinancing Your Home: Standard or Cash-Out Refinance?
When it comes to refinancing your mortgage, there are two popular options to choose from: standard refinancing and cash-out refinancing. Your home is an investment, so you should get to know the difference between these two types of loans in order to maximize the value of your property. When Should You Do a Standard Refinance?…Read More
What are FHA Loans?
Loans Insured by the Government The Federal Housing Administration (FHA) is the governing body that insures home loans provided by FHA-approved lenders. FHA Loans are designed to help low/moderate income home buyers to afford a house with a more lenient credit score requirement and lower down-payment than traditional loan requirements. Since FHA loans are secured…Read More