10 More Mortgage Terms Homebuyers Should Know
Even if you knew the meaning of every word on our first list of 11 Mortgage Terms Homebuyers Should Know, you may still find yourself looking up definitions while shopping for a home. Let’s jump in and explain ten more important terms homebuyers should know. Key Takeaways Unless you work in the industry, you […]
Precautions to Consider Before Taking Out an Adjustable-Rate Mortgage (ARM)
The 2008 housing market crash was largely blamed on two factors: not enough lender regulation (which led to predatory lending), and consumers not understanding the terms of their mortgages. In the years since that crash, Adjustable Rate Mortgages (or ARMs) have been villainized, since they were the mortgage product of choice during that time. But […]
The Pros and Cons of Renting vs Buying a Home When Inflation is High
Owning a home has always been part of the American dream, and for good reason. There are many pros to home ownership, the most compelling perhaps being the financial benefit of owning property, and the strong sense of security and stability associated with that ownership. There are, however, some cons to owning a home, which […]
What Housing Market Trends Have to Say About a Potential Housing Crash
You’re likely seeing headlines that talk about housing bubbles and crashes, and compare today’s housing market to 2008. There’s no sugar coating that home prices are still high, interest rates are increasing, and we’re facing record inflation. But is that cause for panic? Does it mean we’re headed for another crash? Most housing experts say […]
When to Consider an Adjustable-Rate Mortgage (ARM)
There are many different types of mortgage products available to meet the needs of anyone buying or refinancing a home. There is one in particular that is surrounded by misinformation, and a lot of confusion: the Adjustable Rate Mortgage or ARM. ARMS are making a comeback after a downturn in popularity due to being the […]
Understanding the Mortgage Process
