When you put in an offer on a home, you can specify certain conditions that must be met before the deal will go through – these are called contingencies. You have to make sure you can actually get the loan (a financing contingency), that the inspection doesn’t show anything too crazy (inspection contingency), and that…
Read More
Conventional loans include “fixed rate” and “adjustable rate” mortgages. A fixed rate mortgage has a predetermined interest rate throughout the life of the loan; the most common are for 30 years. An adjustable rate mortgage has a variable interest rate; the most common are for 5, 7, or 10 years.
Read More
Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin.
Read More
An ARM is a loan that has a varying interest rate and payment based on an adjustment period. The adjustment is dependent on the variation in a benchmark index, usually the LIBOR or prime rate. This loan is also known as a variable rate mortgage.
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.