Tag Archives: life of the loan

What is APR (Annual Percentage Rate) And How Does it Impact Homebuying?

Part of Homebuying 101

You may have heard of the term “annual percentage rate (APR)” but might not understand exactly what it means.  But just like other important mortgage terms like rate lock, it’s important to understand APR from top to bottom because it…

Next Up!
Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...

How Do You Shop Around for a Mortgage?

Part of Homebuying 101

Does shopping for a mortgage get your nerves in a tangle or give you little fizzes of excitement?  The reality of shopping for a mortgage is that it will feel different than poking through online listings, driving around suitable neighborhoods…

Next Up!
Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...

What is an FHA Loan? Everything You Need to Know

Part of Homebuying 101

As you read through our homebuyer’s guide, you may wonder which home loans could work best for you.  A conventional loan, the most common type of non-government backed loan, requires you to have a minimum credit score of 620. Your…

Next Up!
Get HomeReady: An Affordable Mortgage Program You Might Have Missed

It’s not easy being a homebuyer in today’s market. If low inventory and high home prices weren’t enough, once record-low mortgage rates have risen to levels not seen since 2008. It’s enough to inspire anyone to consider all sorts of...