After paying off your mortgage, ensure you receive a "Deed of Reconveyance" (in trust deed states) or "Satisfaction of Mortgage" (in traditional mortgage states). It's critical to record your Deed…
For fixed-rate vs. ARM loans for first-time homebuyers, ARMs offer lower initial payments, appealing to those seeking affordability or planning short-term ownership (e.g., 5-7 years) in a starter home. This…
Making extra mortgage payments significantly reduces total interest and loan term. By directing additional funds towards the principal, especially early in the loan, you make extra payments early to beat…
Mortgage buydowns offer first-time homebuyers a smart way to ease into homeownership smarter by temporarily lowering initial interest rates and monthly payments. This strategy, often funded by sellers or builders,…