What is a Mortgage Rate Lock? A mortgage rate lock prevents the interest rate on your home loan from increasing or decreasing within a specified timeframe before closing, typically 30-60 days or more depending on the terms of the rate lock and the type of mortgage...
The word on the street is that the United States has entered another housing bubble and we are set to repeat the events of 2008 when the housing market crashed. While there are some similarities between the housing market today and the housing market in 2006 prior to...
As tax season comes to a close and you anticipate receiving your tax return, you might already be making plans for how you want to use that extra cash! It’s no surprise that the end of tax season typically kicks off the busiest home-purchasing season of the year...
An underwater mortgage or upside-down mortgage is when the value of your property is less than the remaining mortgage you still owe on the property. Underwater mortgages most commonly occur during an economic downturn when the value of property rapidly declines. They...
At VeteransLoans.com, we take pride in offering VA loans with no down payment necessary. It is one of the great advantages of the VA loan benefit. However, when prospective homebuyers, especially first-time homebuyers, hear "no down payment" they can sometimes...
Home equity is the portion of your home that you own. It is the principal value of your home that has been paid off. When you purchase a home and secure a mortgage, there are several ways you can establish and build equity in your home. Why Build Equity? Think of the...