Balloon Mortgage: What It Is and How to Get One
A balloon mortgage is a medium-term real estate loan that allows borrowers to make low...
November 22, 2024 12 min read
A balloon mortgage is a medium-term real estate loan that allows borrowers to make low...
First-time homebuyers have access to a variety of loan options, down payment assistance programs, and government-backed resources to make homeownership more affordable. From low-down-payment conventional loans to state, federal, and nonprofit programs, there are many ways to reduce upfront costs and find the right mortgage for your needs.
USDA loans require zero down payment, but closing costs are still required. Here's how much you might pay, and what the costs are for.
Mortgage points, also known as loan discount points, are fees you pay upfront to reduce...
Your principal and interest payment won't change when you have a fixed-rate mortgage. But a house payment might contain 6 other elements that CAN change.
Affordable areas for first-time homebuyers are getting rarer by the day. 25 cities where homeownership is still within reach.
Interest rates have reached heights we haven’t seen in years, leading many to explore creative...
USDA loans are designed to help low- and moderate-income homebuyers obtain affordable mortgages and as such, they come with income limits.
The USDA loan program is one of the best-kept secrets in homebuying. Eligible buyers can purchase a home with zero down payment. Do you qualify?
If you’re looking to lower your mortgage payments, adjust your loan terms, or improve your financial situation, refinancing your USDA loan could be a smart move. This guide breaks down the three USDA refinance options—Streamlined, Streamlined-Assist, and Non-Streamlined—so you can choose the best fit for your needs.
