by Mark Chaffee | Sep 20, 2022 | Mortgage Tips
With mortgage rates having risen over the past year, more mortgage borrowers are exploring ways to reduce their interest costs. One of these options are shorter-term loans – loans that are schedule to be repaid in less time. While 30-year mortgages are most popular,...
by Mark Chaffee | Aug 30, 2022 | Mortgage Tips
Thanks to the major increase in home values over recent years, home equity in America has reached an all-time high of $11.5 trillion. While many homeowners leave their equity untapped as they pay off their mortgages, others withdraw equity when needed for home repairs...
by Mark Chaffee | Jul 7, 2022 | Mortgage Tips
Want to be smarter than the average mortgage borrower? Here are five common mortgage myths and the truth behind them. Read on, and you may gain an advantage when deciding what direction to take with your home financing. Myth 1: You need a 20% down payment to buy a...
by Mark Chaffee | May 31, 2022 | Mortgage Tips
Mortgage rates have been making a move. After a period of record lows that roughly spanned the previous two years, rates have been on their way up in 2022. The U.S. central bank has announced its intention to fight inflation with higher interest rates, which means...
by Mark Chaffee | May 10, 2022 | Mortgage Tips
Everyone deserves the opportunity to achieve the American dream of homeownership, and few are more deserving than America’s military veterans and service members. For that reason, the U.S. government created the VA home loan program to help eligible military-connected...
by Mark Chaffee | Apr 27, 2022 | Homebuying, Mortgage Tips
Before you can get a mortgage to buy a home, your lender’s appraiser typically must agree that the home is worth at least as much as the sales price. If the home appraisal value comes up short, a situation called an appraisal gap is created, and you won’t be able to...
