Category: Mortgage Basics - First Time Home Buyers

The understanding of mortgage loan terms, how the term affects the home buyers monthly mortgage payment, and how it impacts the total cost the

A mortgage with a fixed interest rate that starts out with low monthly payments that increase over a specific time frame is called a Graduated Payment Mortgage loan, also known as a GPM. Graduated Payment Mortgages are an attractive option for first time …

For most first-time home buyers, finding the right mortgage will also be part of the home buying experience. Inexperienced borrowers can get quickly overwhelmed with the many loan types and options that are available on the market. Welcome to the land of interest rates, points, escrow, private …

Many first-time new home buyers have difficulty coming up with the down payment necessary to purchase a new house and are not even aware that help is available in the form of down payment assistance programs. There are hundreds of ways to obtain …

If you are trying to buy a new home and you don’t have a ton of cash stuffed in your mattress or you are not independently wealthy in some other way, you will need to obtain a mortgage to complete …