How Do Adjustable-Rate Mortgages Work: ARMs
|

How Do Adjustable-Rate Mortgages Work: ARMs

ByRonda Butts

Adjustable-rate mortgages (ARMs) are becoming increasingly popular among borrowers due to their lower initial interest rates. They are a type of mortgage where the interest rate fluctuates periodically based on the market index or benchmark. In general, adjustable-rate mortgages offer a lower initial fixed-rate period than a 30-year fixed-rate mortgage loan. However, after the initial…

Comparative Look at The Costs of Buying vs Renting a House
| | |

Comparative Look at The Costs of Buying vs Renting a House

ByRonda Butts

This guide will cover a comparative look at the costs of buying vs renting a house. Buying vs renting a property is a decision that requires critical consideration of your financial status. You do not need a 20% down payment and perfect credit for you to be able to purchase a home. Most homebuyers put…

Down Payment Assistance For First-Time Homebuyers
| | |

Down Payment Assistance For First-Time Homebuyers

ByRonda Butts

In this guide, we will cover down payment assistance for first-time homebuyers. We will discuss locating hard-to-find down payment assistance programs for first-time homebuyers. We will also cover the various types of DPA for first-time homebuyer programs available. Here is the definition of a first-time homebuyer: By definition, a first-time homebuyer is a homebuyer who…

Credit Repair For Mortgage Approval
| |

Credit Repair For Mortgage Approval

ByRonda Butts

In this guide, we will cover credit repair for mortgage approval. You do not have to hire expensive credit consulting companies to improve your credit to qualify for a mortgage loan. Companies can do more damage than good if you repair your credit to qualify and get a mortgage approved. Consumers must realize that most…