Mortgage Terms: What Is Loan-to-Value Ratio?
Did you know that about 2.38 million Americans became first-time home buyers in 2020? If you’re one of them–or you’re getting ready to buy a house in the next few years–you may have questions about how your mortgage works. One…
The Basics of Mortgage Pre-Qualification and Pre-Approval
Real estate experts advising home buyers to secure mortgage pre-qualification or pre-approval is pretty routine. Both are helpful tools that give sellers peace of mind and buyers a competitive advantage. But what exactly are pre-qualification and pre-approval? Furthermore, how do…
What Is The Future Of Mortgage Rates Post-Covid?
COVID-19 pandemic has created uncertain economic situations not only for individuals and businesses but has also affected the housing market. Owing to the economic crash, mortgage and economic rates fell at their all-time lows. Experts had not predicted such a…
The Common Causes Of Defaulting Mortgages
Even though every single cause and reason is unique, we can differentiate numerous factors that will make people default on their mortgages. For instance, if you lose a job, you will lose the percentage of your income that would usually…
Are there any home buying programs to help people with a medium budget?
Buying a home in Arizona takes a well-funded account. Unfortunately, not all people qualify for home mortgages, and this is owing to low incomes. The low-income earners are not able to raise the 20% down payment to qualify for a…