How a 19.99% Down Payment Could Be Better than 20%
Down Payment Most everyone has heard at some point that if you’re buying a home, you should put 20% down.…
How to Get Your Offer Accepted
So you put in an offer on a home The market is extremely hot right now, with lots of potential…
How Are Mortgage Rates Determined?
First, What is a rate? When we say “Rate,” what we actually mean is “Interest Rate.” Simply, this is the cost…
Loan Options from Modern Home Lending
What Loan programs do we offer? Loan programs are always changing. However, most of the core loan programs stay the…
Loan Process Overview
1 – Application (before shopping) The first step of the loan process is to help you get pre-qualified. The application…
FHA vs Conventional Loans – What’s the Difference?
FHA vs Conventional Loans – What’s the Difference? This feels like the age old question in the mortgage industry especially…
The Difference Between APR & Interest Rate
The Difference between APR and Interest Rate Interest rate is the monthly rate that you pay on your remaining balance…
HomeReady® and HomePossible®
What is HomeReady® and HomePossible®? HomeReady® and HomePossible® are two versions of conventional mortgage programs. Both programs aim to serve…
Rate Lock Explained
10 Rate Lock Questions Explained What is a rate lock? A rate lock occurs at some point during the loan…
Facts About Property Taxes in AZ
When are Taxes Due in Arizona? And When are they Paid? Property taxes in Arizona are due twice a year…