Everything You Need to Know About Gift Funds

Everything You Need to Know About Gift Funds

Despite being able to afford the monthly mortgage payments, occasionally potential buyers avoid a home purchase because they lack the funds for a down payment. Many home buyers struggle scrapping up money for a down payment – which is why…
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How Does a Home Inspection Work?

What is a Home Inspection? Buying a home is typically one of the biggest investments a person will make in their life, which is why a home inspection can be a crucial element of most home purchases. A home inspection…
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How a Fixed-Rate Mortgage Works

When you get a mortgage, there is much to consider. One of the biggest decisions a borrower will make is whether to choose a fixed-rate mortgage, or an adjustable-rate mortgage (ARM). While both loans have their benefits, you should begin…
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What is a Mortgage Amortization Schedule?

Buying a home is one of the largest financial investments a person will make in their lifetime, which is why most people need a mortgage to help them get into the property they’ve always dreamed of owning. If you are…
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How Does a Mortgage Credit Certificate from the VHDA Work?

If you’re looking to purchase your first home, you could begin the process by applying for a Mortgage Credit Certificate (MCC) and possibly saving thousands of dollars. A helpful non-profit to familiarize yourself with if you are searching for a…
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Navigating the Homebuying Journey: A Guide for the First-Time Homebuyer

For many homebuyers, buying a home can be a huge burden. If you’re a first-time homebuyer, this milestone can be an especially stressful and overwhelming time. Fortunately, with help from the right lender, you can navigate the road to homeownership…
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5 Things You Should Know Prior to Making a Down Payment on a House

Are you a homebuyer trying to figure out how much you should put down on your house? Buying a house can be overwhelming, and making your down payment can be especially stressful if you don’t have all the correct information.…
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Mortgage Rate Lock: How To Know If You Should Lock Your Interest Rate

The most important factor in your mortgage may be the interest rate. The rate you pay on your mortgage will decide your monthly mortgage payment, as well as the total lifetime cost of your mortgage. Getting the best rate is…
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What You Need to Know: Title and Insurance

The following information is supplied for informational purposes and should not be relied upon as legal definitions. Before you reach the closing day, you will want to make a decision as to how you will “hold title” to the property.…
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Surprised? Don’t Forget About The Closing Costs

Downloadable Home Loan Toolkit Buying a home is an important financial decision that requires careful attention. This toolkit will help you become familiar with the various stages of the home buying process, including Closing Costs. Download this helpful toolkit to…
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