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This is it. You’re ready to make the move into homeownership. Read More
Consumers and Loan Officers received a wake-up call in early September with the announcement of a data breach at Equifax Inc. , one of the three credit-reporting bureaus. Read More

The following infographic will help you decide whether to do-it-yourself (DIY) or go seek professional help when things around your household need to be fixed or updated:

 

DIY or Go Pro?

 


 

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Check out our housing forecast infographic - the outlook is good!

 

 

Housing Forecast 2017 - Infographic

 

 


 

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Check out our list to make sure you avoid the top 10 don'ts during the process of buying or refinancing!

 

 

top 10 don'ts during the loan process

 

 

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Do you know what a buy-down is? Or what CLTV stands for? Here's some key phrases and acronyms to help you speak mortgage with confidence!     AMORTIZATION: Loan payment divided into equal periodic payments calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance APPRAISED VALUE: An opinion of a property’s fair market value, based on an appraiser’s knowledge, experience, and analysis of the property APR: The annual percentage rate is the interest rate on the loan combined with other fees ARM: An Adjustable Rate Mortgage is one where the interest rate can change ASSUMABILITY: An assumable mortgage can be transferred from the seller to the new buyer BAH: Basic Allowance for Housing is given to military members to provide housing for them and their family members BASIS POINT: One 100th of 1% BUY-DOWN: When the lender subsidizes the mortgage to lower the interest rate during the first few years of the loan CD: Closing Disclosures are documents a lender is required to give the borrower three days before closing COE: The Certificate of Eligibility declares that a borrower is eligible to participate in the VA loan program CLTV: Combined Loan to Value ratio is used when a property has multiple mortgages COLLATERAL: Property pledged as security for a debt CONFORMING LOAN: A loan that is eligible for purchase by FNMA or FHLMC CONVENTIONAL LOAN: A mortgage not insured by FHA or guaranteed by VA CRV: A Certificate of Reasonable Value sets the max loan amount on a VA loan and is issued by the Department of Veteran Affairs DEBT TO INCOME RATIO (DTI): One of several criteria used to qualify a loan, takes into consideration all current indebtedness.   Expressed as a percentage and calculated by dividing a borrower’s monthly liabilities by monthly gross income EARNEST MONEY: Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment Fannie Mae (FNMA) & Freddie Mac (FHLMC): Federal National Mortgage Association & Federal Home Loan Mortgage Corporation, respectively, are 2 government sponsored enterprises created by Congress to make mortgages available to a wide group of people FHA: the Federal Housing Administration is a federal agency that oversees the housing market. Read More

There's a lot to love about being a homeowner. Learn more about the perks:

 

homeownership perks infographic

 

 


 

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Choosing a mortgage program often comes to a choice between these two mortgage types: FHA or Conventional? Our infographic will help you understand key elements of each!

 

 

FHA vs Conventional

 

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Once you decide homeownership is in your future, getting preapproved for a mortgage and engaging a Real Estate Agent may be among your next steps. They shouldn’t be your first steps, however. Read More