Select Page

Author: mandmweb

Kings Bay Georgia Mortgage Information

When choosing the right mortgage company for your home purchase or refinancing, there are a few things to consider. What is this lenders reputation? Does this lender have a proven track record in the community and can they offer you not only the lowest interest rates available, but design a program to fit your needs and counsel you about your home purchase. Is this lender a licensed lender that handles Conventional conforming, VA guaranteed home loans, FHA loans and non-conforming home loans? Choose a lender that can offer you a program that meets your needs, not theirs! Will the lender advise you on what price range you can afford? A common mistake that homebuyers make is buying too much or too little. Choose a mortgage program that allows you to feel comfortable with your decision to buy a home. Does the lender offer fixed rate and variable rate mortgage options, and will they advise you of which scenario fits your needs? Will this lender help you select a real estate company and partner you up with an agent that will work with the lender in your best interest? Take your time! Contact the lender before you begin your home search. Choose a lender that you feel comfortable with. Check their companies website out online. Set your self up for a good experience, not a bad one! Source by Glenn...

Read More

Should You Refinance After A Mortgage Purchase? 5 FAQs

Owning a home is and should be a major source of pride for anyone who has attained this accomplishment. Only a small percentage of people in the world own modern, free-standing homes of their own. Of course, the only real downside to having a home is paying the mortgage each month. Mortgage payments are a fact of life for all but the few homeowners who have completely paid off their home mortgages. For the rest of us, we will probably be stuck making payments for some time to come after a mortgage purchase. But, there is something to potentially be cheery about: the opportunity to refinance your mortgage at a better rate. Mortgage refinance is a way to break out of the current monthly payments you are making and structure a new mortgage loan. If you would like to refinance after a mortgage purchase, here are the answers to 5 frequently-asked-questions about refinancing your mortgage: 1. What is a mortgage refinance? A: Mortgage refinance is essentially the act of paying off your existing mortgage by taking out a new one, usually at a lower interest rate. You may take out a loan that is roughly the same size as your current mortgage, or you may choose to take out a larger loan (depending on how much equity you have in your home). 2. What is required in order to...

Read More