Avoiding Delays at Closing
Closing on a mortgage means the hard work of finding a new home and obtaining financing is finally over. But a mountain of paperwork remains to be signed at closing – and if anything is missing, or even the slightest…
Rent vs. Buy: Homebuying Myths
As you make your move from renting to homeownership, it’s easy to be overwhelmed by the amount of information available on homebuying and home financing - as well as the amount of misinformation. Here are some common myths regarding…
FHA Loan Limits – 2022
The Federal Housing Agency (FHA) has just increased the amount of money that can be borrowed through its mortgage programs by more than $64k in most areas. In high cost locations, the increase is even greater. This could mean a…
Is a VA Loan Right For You?
Are you a veteran, member of the military, or a military spouse currently considering buying a home? If so, you may qualify for a VA loan. Below are some common questions on VA loans as well as a brief overview…
First Mortgage? Here are 4 FAQs to Help You Get Started
When buying your first home, it can be easy to be intimidated by the mortgage process. Most first-time homebuyers have a lot of questions and HUNT Mortgage is here to help. Here are a few common questions most first-time homebuyers…
APR vs. Interest Rate: What’s the Difference?
It can sometimes be confusing to know what we mean when we are referring to interest rate and APR. They aren’t the same thing, and it’s important to understand the distinction between the two. What does "interest rate" mean? When…
What Goes Into Your Mortgage Rate? Many Factors
A mortgage rate is like the time displayed on a digital wristwatch: You see a number, but you don’t see the complex calculations concealed beneath. Since August, mortgage rates have lingered near the lowest levels in three years — right…
Stop! 6 Ways You’re Sabotaging Your Mortgage Preapproval
Homebuyers make a lot of mistakes that hurt their chances of getting a mortgage preapproval from their lender. You don’t want to join their ranks and sabotage your home purchase. To find out what those missteps are, we talked to two…
FHA Loan vs. Conventional Mortgage: Which Is Right for You?
When exploring mortgage options, it’s likely you’ll hear about Federal Housing Administration and conventional loans. Let’s see, FHA loans are for first-time home buyers and conventional mortgages are for more established buyers — is that it? Not necessarily. Actually, the…
Don’t Drain Your Savings Account! This and 3 Other First-Time Homebuyer Mistakes You Should Avoid
Are you a first-time homebuyer? You may be curious when, where, and how to start the home buying process. Many first-time homebuyers don’t know that speaking with a lender is one of the first steps you should take! If you…
