Tag Archives: down payment
What Is a Loan Level Price Adjustment?
A loan-level pricing adjustment (LLPA) is a risk-based fee for mortgage borrowers using a conventional mortgage. Learn how they can affect your mortgage rate.
Learn More
What Is a Second Mortgage?
Explore how a second mortgage taps into your home equity, its benefits, and potential drawbacks. Find out if this financing solution suits your needs.
Learn More
What Is a Mortgage?
Unlock the door to homeownership with our comprehensive mortgage guide. Learn what a mortgage is, the key terms, loan types, and expert repayment strategies.
Learn More
What Is Loan-to-Value (LTV) Ratio?
Loan-to-value ratio (LTV) is the percentage of how much your home is worth compared to what you owe. Learn how to calculate it and why it is important.
Learn More
What Is a Home Appraisal?
Learn what a home appraisal is, how it works, and what factors impact the value of your property. Get insights on preparing for a home appraisal today.
Learn More
What Is Down Payment Assistance?
Down payment assistance can help you buy a home with little or no money down. Find out if you're eligible for DPA and learn about different programs available.
Learn More
What Is a Closed-End Second Mortgage?
A closed-end second mortgage gives you access to a lump sum of your home equity without refinancing. Learn how this loan works and its benefits. Contact us now!
Learn More
What Is a Cash-Out Refinance?
Unlock your home's equity with a cash-out refinance loan. Get funds for renovations or debt consolidation. Learn how it works and if it's right for you.
Learn More
What Is a 2-1 Buydown?
Looking to lower your monthly mortgage payment when buying a home? Consider a 2-1 buydown program. When mortgage interest rates fluctuate, temporary mortgage buydowns could be beneficial for homebuyers. With a 2-1 buydown, borrowers can get reduced mortgage payments for the first two years of their loan, after which payments return to the regular rate in the third year. In this article, we’ll delve into the details of 2-1 buydowns, including how they work, their advantages, and their potential drawbacks, helping you make an informed decision when buying a home.
Learn More
VA Loan for Manufactured or Mobile Home
Discover VA loans for manufactured or mobile homes: No down payment, competitive rates, easier eligibility. Your path to homeownership begins here.
Learn More