What Does Annual Percentage Rate Mean on a Mortgage Loan?
If you're like most people, you know that mortgage loans come with all kinds of terms and acronyms. If you're lucky, you have a mortgage lender takes the time to explain everything you need to know, but if you don't, or if you're waiting to learn ...
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Posted by Allison Van Wig on November 25, 2022 in Financing
Which of These 5 Mortgages is Right for You?
There are five main types of mortgages available in the United States: fixed-rate, adjustable-rate, VA, FHA, and USDA. Each type has its own unique benefits and drawbacks, so it can be tricky to decide which one is right for you. This guide breaks ...
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Posted by Allison Van Wig on August 17, 2022 in Financing
What is Debt-to-Income Ratio? DTI, Explained
When you're buying a home in Lakewood or Long Beach, you most likely need a mortgage loan (most people do). Your lender will take a look at your debt-to-income ratio - but what is that, and how does it affect your ability to get a loan? This guide ...
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Posted by Allison Van Wig on June 25, 2022 in Financing
Mortgage Recasting and What You Should Know
Recasting & What You Should Know.
Homeowners who want to save money on their home loan might want to consider options such as a mortgage recast. You will be able to pay less overall in interest costs. However, is recasting your ...
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Posted by Concierge Van Wig & Associates on January 14, 2022 in Financing
Interested in a Home Refinance? 2 MORE Facts You Should Know
Amid the current pandemic, many people are focusing an increasing amount of time and attention on their homes and homeownership, whether it be to make home improvements, to purchase their first home, or to find a new residence that offers more ...
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Posted by Concierge Van Wig & Associates on February 28, 2021 in Financing
Want to Refinance Your Home? 3 Surprising Facts You Should Know
With current historically-low mortgage interest rates, you may be interested in refinancing your home. While this can be a wise financial move, here are three facts about the process that you might find surprising.
It Can Cost Thousands to ...
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Posted by Concierge Van Wig & Associates on February 25, 2021 in Financing
Types of Down Payment Assistance and Ways to Save on Your Down Payment
If you’re a homebuyer in Lakewood or Long Beach, you could qualify for down payment assistance.
There are several types of down payment assistance programs available, including:
· ...
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Posted by Angie Johnson on November 21, 2019 in Financing
What is Down Payment Assistance?
A lot of first-time homebuyers are eligible for down payment assistance – but most don’t even know that it’s available.
So what is down payment assistance, and could you take advantage of it to buy your first home in Lakewood or ...
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Posted by Angie Johnson on November 21, 2019 in Financing
Should You Have Preapproval Before You Make an Offer?
If you’re buying a home for sale in Lakewood or Long Beach, the first thing you should do is get preapproval from your lender.
Here’s why.
Should You Have Preapproval Before You Make an Offer?
When you get a preapproval letter from ...
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Posted by Allison Van Wig on November 21, 2019 in Financing
How Long Will Your Mortgage Preapproval Letter Last?
If you’re like most people who are buying a home for sale in Lakewood or Long Beach, you already know that you need a preapproval letter from your lender that says you’re qualified to borrow money to buy a house. You might even have a ...
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Posted by Angie Johnson on November 21, 2019 in Financing
What's a Good Faith Estimate?
When you buy a home for sale in Lakewood or Long Beach, you’ll most likely need a mortgage - and with your mortgage, you’ll get a good faith estimate.
But what is a good faith estimate?
What's a Good Faith Estimate?
A good faith estimate ...
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Posted by Angie Johnson on November 21, 2019 in Financing
Types of Home Loans
When you’re buying a home for sale in Lakewood or Long Beach, you’ll probably need a mortgage loan - most people do. But what are the most common types of loans, and what are they for? This post will guide you so you can make the best ...
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Posted by Angie Johnson on November 21, 2019 in Financing
The New UltraFICO Score
You probably know more than you want to know about your own credit score - if you’re like most people buying a home for sale in Lakewood or Long Beach, you know that it’s incredibly important in getting approved for a mortgage loan.
But ...
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Posted by Angie Johnson on November 21, 2019 in Financing
How to Improve Your Credit Score to Get Home Financing
Most people have to take out a mortgage to buy a home - few people actually have hundreds of thousands of dollars tucked away in their mattresses (or in a bank, but who’s keeping track?).
Unless you’re stocked up on cash, you’re ...
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Posted by Angie Johnson on November 21, 2019 in Financing