Category Archives: Uncategorized

What’s the Difference Between a Mortgage Broker and a (Bank’s) Mortgage Specialist?

At one time, home buyers who wanted to take out a mortgage went to a bank. Now, the market has changed and consumers have more options available to them. Independent mortgage brokers are specialists who have relationships with multiple lenders who can offer funding at various rates. Since they have access to several sources of … Read More

The Top Benefits of Home Equity Loans That You MUST Know About

Once you have been settled in your home for a few years and have had time to pay down your mortgage and build equity in your home, you may be interested in gaining access to that money to cover an unexpected expense or pay for improvements to your property. Home equity loans, which are second … Read More

How to Qualify for a New Construction Loan

It is more difficult to qualify for a new construction loan than a conventional mortgage or a refinance on an existing home, since the lender is taking on a higher level of risk during the construction phase. A lender will be looking for a higher down payment than the standard 20 percent down; at each … Read More