If you’re currently in the process of purchasing a home, you may have come across the terms “conventional” and “non-conventional.” But what’s the difference? And why should you choose one over the other?
Whether you’re a first-time homebuyer or a veteran of the mortgage process, it’s easy to be confused by mortgage discounts points. Let’s break down the purpose of these points, as well as the overall benefits and risks of buying them. This information could save you thousands over the life of your loan.
Quicken Loans Director of Solution Consulting Eddie Berger explains how you can use mortgage calculators to play out scenarios affecting your mortgage payment, such as changing the term and rate. You can also calculate how much you would save by paying off your mortgage sooner.
There is a distinct and growing enthusiasm among my peers, and across the country, for taking up residence in micro homes. Why is the micro home trend so appealing to some and so off-putting to others? We’ll take a look at the pros and cons!
Many marriages end in divorce. Preparing to live on your own could be a difficult transition that requires careful planning. Are you ready to purchase a home after your divorce? Follow these tips and you’ll be well on your way!
If you have a credit card or have ever taken out any loans, you’ve got a credit score. You have a vague idea you want the score to be good, but what goes into it? Just as importantly, how could your credit score affect you when you’re making a big purchase – like a home?
Selling and buying a home might be one of the scariest events of your lifetime. Before you begin, consider what factors make your home right for you.
The adjustable rate mortgage (ARM) has been a popular choice for decades for Americans wanting to refinance or buy a home. The reason is simple – ARMs often offer a lower rate than fixed-rate mortgages and can save homeowners thousands of dollars. Watch our new video to learn more about ARMs.
When applying for a loan or filling out your taxes, you need to know how your property is classified. It can be a bit confusing, but we can walk you through the basics.
When you make monthly mortgage payments, a portion of that money goes toward the loan principal, and a portion is applied to the interest. Amortization is all about understanding the relationship between the principal and the interest, and how this relationship changes over the life of the loan.