20 May 2021 What is PMI and Do I Need It? Check out our brief educational video on mortgage PMI. Did you know there are two different kinds of PMI? Borrower paid and lender paid! Learn about it in this short video below. Private mortgage insurance, also known as PMI, is generally required when you purchase a home with less than 20 percent down. The extra […] Share on Facebook Share on Twitter
9 Mar 2021 Advantages Of Using A Local Mortgage Lender When it comes to big decisions like purchasing or refinancing your home, you definitely want to evaluate your lending options and make sure that you choose the best option for you. For many people, it’s easy to just choose the bank that does the most advertising since they are at the top of your mind. […] Share on Facebook Share on Twitter
2 Mar 2021 Mortgage Lending Terminology – Explained Definitions of Common Mortgage Terms New to the mortgage world? The acronyms alone are enough to leave your head spinning. So I’ve compiled a list of common mortgage terms and definitions to help us both. Something that you still don’t understand during your process working with your broker? Don’t hesitate to ask, we are here […] Share on Facebook Share on Twitter
23 Feb 2021 FHA vs. VA vs. Conventional: Which Loan is Best? Different Types of Loans Which loan is best for you? When shopping for a mortgage, knowing what specific type of loan is best for you is important. Mortgages are divided into two main categories: Conventional loans and government-backed loans. And there are meaningful differences between the two. Loans that are guaranteed by the government are generally easier […] Share on Facebook Share on Twitter
1 Feb 2021 Should Mainers Consider Refinancing? With mortgage rates at all-time lows, many homeowners are thinking about refinancing. However, a lot of people who are eligible aren’t pulling the trigger. With a national average well under three percent these days, John Rose at Acadia Lending Group says the numbers are unprecedented. “The lowest level that we’ve seen since 1971 when Fannie Mae and […] Share on Facebook Share on Twitter
