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Loan Insights > 2024 > November

Month: November 2024

29 Nov, 2024 A four-way comparison of condos, houses, townhomes, and apartments, helping buyers choose the best property type.

Condo vs Townhouse: Plus PUDs and Twinhomes Explained for Homebuyers

If you’re exploring housing options, one of the first comparisons you’ll make is condo vs townhouse. These property types may look similar, but […]

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27 Nov, 2024 A torn piece of brown paper revealing the words

What Is PMI? A Beginner’s Guide to Private Mortgage Insurance

If you’re buying a home with less than 20% down, there’s a good chance you’ll encounter something called PMI, or private mortgage insurance. […]

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25 Nov, 2024 A model house, coins, and a calculator on a financial document, representing mortgage planning and homeownership costs.

Understanding Escrows: What They Are, How They Protect You, and Their Role in Homeownership

When you’re buying a home or making monthly mortgage payments, you’ll often deal with something called an escrow account. But what is an […]

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22 Nov, 2024 A burlap sack labeled

How Does Mortgage Interest Work? Understanding Rates, Costs, and Savings

Whether you’re buying your first home or refinancing, mortgage interest can feel like a mystery. You know it adds cost — but how […]

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20 Nov, 2024 A real estate contract on a table with a house model, pen, and keys, symbolizing the final steps of purchasing a home.

What Is a Conventional Loan? A Beginner’s Guide to Flexible Financing

If you’re exploring mortgage options, you’ve likely heard the term conventional loan. But what exactly is it, and how does it compare to […]

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18 Nov, 2024 A beautiful rural house with a

What Is a USDA Loan? A Beginner’s Guide to Rural Homeownership

Buying a home in a rural area doesn’t mean you need a large down payment or perfect credit. In fact, some buyers may […]

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15 Nov, 2024 A money bag labeled

What Is an FHA Loan? A Beginner’s Guide to FHA Mortgages

If you’re planning to buy a home and your credit score isn’t perfect or your savings are limited, you may have heard of […]

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13 Nov, 2024 A smiling military veteran carrying moving boxes into a new home, symbolizing VA loans and homeownership for service members.

A Beginner’s Guide to VA Mortgages: Why They’re a Great Option for Veterans

For many service members and veterans, the path to homeownership can feel uncertain — but it doesn’t have to be. If you’re eligible, […]

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11 Nov, 2024 A person stacking coins with a calculator and financial statements in the background. how much mortgage can I afford

How Much Mortgage Can I Afford? Understanding Your Budget and Avoiding Being House Poor

Buying a home is one of the most exciting — and expensive — decisions you’ll make. However, before you start browsing listings or […]

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8 Nov, 2024 A burlap sack labeled

What is a Home Equity Loan, and When Can I Use It?

If you’re a homeowner, you may have heard of a home equity loan, but what exactly is it — and when does it […]

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