How Does the Federal Reserve Affect Mortgage Rates?
If you’ve noticed how much interest rates have changed lately, you might be wondering how Federal Reserve interest rates affect mortgage rates. In the summer…
Tagged: Mortgages
Deed of Trust vs. Mortgage: What’s the Difference?
When you take out a mortgage, you’ll sign a stack of legal paperwork to seal the deal. One of these documents will be known as…
USDA Loan: What It Is, Eligibility, and How to Apply
If you prefer farmland over skyscrapers and nature sounds over traffic noise, a special type of government-backed financing could help you make a rural area…
How to Budget for a House: Guide for First-Time Homebuyers
It can be easy to overspend on a home that has all the features you desire. While you may be able to afford a larger…
40-Year Mortgage: What It Is, Pros, and Cons
When you’re comparing home loans, it’s a good idea to look at all your options. That includes some of the less common options, such as…
How to Get a Small Mortgage Loan
You might want a small mortgage loan if you’re looking for a townhome or condominium in an affordable area. Or maybe you want to buy…
Should I Buy or Build a House?
If you’re looking for a place to call your own, the thought of building a home may have popped into your head. Constructing a new…
What Is a Vendor Take-Back Mortgage and How Does It Work?
A vendor take-back mortgage can help homeowners and real estate investors sell properties that aren’t moving in a tough market. They can also help buyers…
FHA Loans Compared to USDA Loans
Mortgage loans from the Federal Housing Administration (FHA) and United States Department of Agriculture (USDA) are considered easier to qualify for than conventional mortgages. This fact makes them ideal for low and moderate income...
FHA 203(k) Loan: What It Is, How It Works, and More
Buying a fixer-upper home instead of a turnkey property can help you save money — as long as you have the time and budget to…