An adjustable-rate mortgage, commonly called an ARM, offers an alternative to a traditional fixed-rate mortgage. Instead of keeping the same interest rate for the entire loan term, an ARM typically provides an initial fixed-rate period followed by a rate
Sep 03, 2024 | Purchasing a Home Interest Rates
Your home equity can be a useful source of financing when you need funds for renovations, major expenses, or other financial goals. Two common ways to access that equity are a home equity loan and a home equity line of credit, commonly called a HELOC. Bot
Aug 29, 2024 | Credit
Buying a home in an expensive housing market can require a larger mortgage, but exceeding the standard conforming loan limit does not always mean you need a jumbo loan. In certain high-cost areas, a high-balance conforming loan may provide another option.
Aug 27, 2024 | Purchasing a Home
Veterans, service members, and eligible surviving spouses may have access to housing benefits that can make buying, improving, or adapting a home more manageable. From VA-backed mortgages to specialized housing grants, understanding the available programs
Aug 20, 2024 | VA Loans
Renovating a home can require significant upfront cash, especially when the property needs more than cosmetic improvements. Freddie Mac's CHOICERenovation mortgage offers eligible homebuyers and homeowners a way to finance qualifying renovation costs as p
Aug 13, 2024 | Refinancing a Home
If you currently have a VA-backed mortgage, the Interest Rate Reduction Refinance Loan, commonly called an IRRRL or VA Streamline Refinance, may provide a simpler way to refinance your existing loan. An IRRRL can potentially reduce your interest rate and
Aug 06, 2024 | VA Loans
