by Mark Chaffee | Sep 5, 2023 | Mortgage Tips
If you’re paying for private mortgage insurance (PMI) on your home loan, you may qualify to remove it early. Since mortgage insurance only protects your loan servicer (the company you make your mortgage payments to) and not you, the sooner you can get rid of it and...
by Mark Chaffee | Jul 11, 2023 | Homebuying, Mortgage Tips
Homeownership can be a rewarding investment, but the upfront costs are one of the biggest barriers to buying a home. Many people believe they need tens of thousands of dollars to purchase a property, but much more affordable options may exist. Here’s an overview of...
by Mark Chaffee | Jun 20, 2023 | Homebuying, Mortgage Tips
If you’re thinking of buying a home, you may be aware of a challenge that has appeared over the past year. After the period of record-low mortgage rates that lasted from about 2020 through 2021, rates have since risen back to a level that was last seen in the 2000s....
by Mark Chaffee | May 30, 2023 | Mortgage Tips, Personal Finance
Homeownership provides shelter, stability and a sense of pride, and it can also serve as a valuable financial asset. If you find yourself in need of extra funds, tapping into your home equity can be an attractive option. Today, homeowners who want to access their...
by Mark Chaffee | May 2, 2023 | Mortgage Tips
The spring real estate market is well underway! If you’re considering buying a home in the months ahead, getting preapproved for your mortgage is an important first step. Here are the benefits of getting preapproved: Shows you how much home financing you can receive...
by Mark Chaffee | Apr 4, 2023 | Mortgage Tips
The Federal Housing Administration (FHA) has announced a 30-basis-point reduction to the annual mortgage insurance premium (MIP) charged to borrowers. The cut will take effect for FHA loans closing on or after March 20, 2023, and new FHA borrowers are expected to save...
