Blog

Is a Conforming Loan the Same as a Conventional Loan?

Is a Conforming Loan the Same as a Conventional Loan?

As you begin the mortgage process, you’ll have lots of terminology thrown at you that can be a little confusing. Two similar sounding terms that might have you perplexed are conforming and conventional loans. Are these the same thing? Here’s w

May 09, 2023 | Purchasing a Home

Why Is My Mortgage Escrow Account Sending Me a Check?

Why Is My Mortgage Escrow Account Sending Me a Check?

After making all your mortgage payments for several years, you suddenly get a check in the mail from your escrow account. If you didn’t pay close attention during your mortgage closing, you may not even remember what an escrow account is. Here&rsquo

May 02, 2023 | Purchasing a Home

What Is a Convertible Adjustable-Rate Mortgage?

What Is a Convertible Adjustable-Rate Mortgage?

If you are in the market for a home loan, an adjustable-rate mortgage may be very attractive in today’s higher rate climate. If you’ve looked into ARM loans, you may also have come across the term “convertible ARM.” If you’re unfamiliar with this product,

Apr 25, 2023 | Purchasing a Home

What is an Assumable Mortgage?

What is an Assumable Mortgage?

There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mortgage is a home loan where the buyer legally takes over

Apr 18, 2023 | Purchasing a Home

Using Gifts Funds for Your Down Payment

Using Gifts Funds for Your Down Payment

Home Purchase It can be a challenging task to find the funds necessary for a down payment when purchasing a home. However, using a monetary gift from your friends or relatives as a source of payment can be helpful. Monetary gifts that you receive at speci

Apr 13, 2023 |

What do Appraisers Consider When Valuing a House?

What do Appraisers Consider When Valuing a House?

As you begin the process to get a new mortgage, whether for a home purchase or a refinance loan, your lender will order an appraisal for the property to determine how much it is worth. That valuation will play a large part in your overall mortgage plan. I

Apr 11, 2023 | Purchasing a Home