The closing period—the time between having your offer accepted and taking ownership—is less stressful if you know what to expect. Continue reading My offer was accepted. Now what?
When you buy a home, one of the documents in your closing package is the deed of trust, which gives your lender an interest in your property. Because this information is now public and available to a variety of home servicing companies, it’s highly likely that you’ll start receiving print mail featuring product ads, service deals, and maintenance programs. Continue reading You Got (Junk) Mail
APR includes fees and costs associated with obtaining the loan in addition to the interest rate, all expressed as an annualized rate. Continue reading What is an APR?
You lender wants to see that the money you’re using for your down payment is rightfully yours and that spending it won’t impact your ability to repay the loan. Continue reading Show Me the Money!: Funding Your Home Purchase
Mortgage companies can only grant a loan based on the lower of two values: the home’s appraisal value and the purchase price on your contract. Continue reading How to Survive a Low Appraisal
Falling mortgage rates could mean over $300 in monthly savings for Seattle homeowners. Continue reading Heads Up: Today’s Interest Rates Could Save You Hundreds per Month
Learn the unspoken rules about what NOT to do right before you apply for a mortgage loan. Continue reading What NOT to Do When Applying for a Mortgage
By JP Dennis, Flyhomes Mortgage When researching mortgage loans, you’ll decide between a fixed rate mortgage and an adjustable rate mortgage(ARM). Let’s explore both to help determine which is best for you. The basics -An ARM loan typically begins with a lower interest rate, but will adjust after an initial period. If rates rise, the payments on the loan can become unaffordable. -A fixed rate … Continue reading Fixed vs ARM: How to Choose Your Loan
The Flyhomes Mortgage beginner’s guide to refinancing. Continue reading The Beginner’s Guide to Refinancing
Our top strategies to help people who haven’t yet built their credit history so they can be ready to apply for a mortgage. Continue reading How to Build Your Credit History