Tag Archives: loan types

The ABCs of ARMs: How Adjustable-Rate Mortgages Work

Part of Homebuying 101

Adjustable-rate mortgages (ARMs) have surged in popularity, reaching their highest numbers since the Great Recession. Recent volatility in the housing market has made ARMs an attractive option for borrowers seeking low initial interest rates. While better regulated than they once…

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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 Mortgage Insurance and How Does it Work?

Part of Homebuying 101

When shopping for your mortgage, you may already know some of the one-time costs involved, such as down payment and closing costs. But there are also some recurring costs — like mortgage insurance — that you should get familiar with,…

Great Reads
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 Credit Score is Required to Buy a House?

Part of Homebuying 101

When you’re getting ready to buy a house, your lender will want to see your credit score, a three-digit number that represents how well you pay back debt.  Before you apply for a mortgage, keep in mind that your credit…

Great Reads
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...