Loans101

Mortgage Rates – What You Need to Know

Mortgage Interest Rates

Mortgage rates are a large element in the home buying process. They affect the size of your monthly mortgage payment, as well as the amount of interest you’ll pay. A low rate can mean lower payments, while a high rate can cost you a lot of money over the life of your loan. Read More

Getting a Mortgage Pre Approval Letter

Mortgage Preapproval

When it comes to buying a home, it’s best to get pre-approved. Pre-approval gives you a leg up on other buyers by showing that you are serious about buying a home. This will help you secure a better deal on a home and it will also help you secure financing for your home. A pre-approval letter will give you the knowledge you need to get the home of your dreams. Read More

USDA Loan Requirements

USDA Loan Requirements

If you are looking to buy a new home in a rural area, you may be eligible for a USDA loan. USDA loans are federally backed mortgages that are designed to help those who are on the lower end of the income scale find a home that they can afford. Read More

How to Get a Mortgage With a Bad Credit Score

How to get a mortgage with bad credit

Whether you’re looking to buy a new home, build a new one or refinance an existing one, you’ll want to know the basics. A mortgage is a long-term commitment and you need to understand the terms and costs. It’s important to know what to expect before you apply. The best thing to do is to make sure you have your credit score in check and take steps to improve it before you begin your home search. Read More

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