All Blog content is provided through a third party. Content is provided for general information purposes and does not constitute a recommendation or solicitation. Not all products and services discussed are offered by HomeDirect Mortgage. Please consult a Loan Officer for details.
As a first-time homebuyer, you likely have questions about your mortgage payments and how it's calculated. How much can you expect to pay? How are taxes paid? What's the purpose of mortgage insurance? This post will unpack your mortgage payment so you know what you're paying for each...
Reverse mortgage versus a traditional mortgage --is one better than the other? The answer is that it depends on the situation. They have many similarities, but there are a few key differences that make reverse mortgages a better choice than a traditional mortgage. Or vice versa. This...
“What happens on closing day and after?” That’s a question we get asked often. On closing day, you’ll sign documents to finalize the transaction and release the funds from your home loan. You’ll also receive digital or paper copies of all the signed...
Getting pre-approved for a home loan is an essential first step to knowing how much home you can buy. But did you know that the property itself also effects on how much you can afford? Here are some of the factors that determine how much you can afford to buy with your home loan. Have you been...
Government-back home loans offer some of the best rates and perks, especially when it comes to Veteran home loans. But is that the right choice? Should you opt for an FHA home loan instead? Remember, our office is here to guide you! There’s no rush to decide on your own which home loan...